To reduce the debts of the sector, China toughened in 2021 the conditions of access to credit for developers, cutting off a financing channel. And it triggered a wave of defaults.
These exits come as the company is in desperate need of liquidity, fighting for its survival and trying to close a restructuring deal for its debt, estimated at some $300 billion.
The newly created company has had unprecedented success in the luxury real estate sector, offering a state-of-the-art sensory experience thanks to virtual reality.
For the entrepreneur, the key is to have a good team and listen to the consumer. These two elements led him to create a proptech that, in one year, achieved the growth of a decade.
Danni Büchner is invited to Sam Dylan's Halloween party. But the "Goodbye Germany" emigrant has no desire for many other party guests. And find clear words.
