The company blamed the shortfall on the departure of “multiple senior executives and key personnel” and the 2021 death of founder Xie Zhikun, who “played a pivotal role in decision-making” at the group.
She added that authorities were unlikely to bail out the company. “Most of the hit will be taken by wealthy individual investors, so we don’t see the state stepping in this time around.”
I’m not seeing much of a fucking problem here