Tag: Hanhou Cosmetics

The Plight of Chinese Entrepreneurs – Exclusive Interview with Hanhou Founder: Sold Over 300 Properties to Clear 1.5 Billion Debt

Wang Guoan, founder of Hanhou, shares his tumultuous journey of dealing with 1.5 billion yuan in debt, including selling over 300 properties. Once living in luxury, Wang now faces the reality of his financial downfall, striving to keep his company afloat and maintain his entrepreneurial spirit despite being labeled a “deadbeat debtor.”

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