Chapter 509: Mall Rivalry

"The Xu Family is in real estate. A few years ago, they were a leading property developer, but then they started to like leveraging. They sought banks for mortgage-backed second loans, which led to an increasingly large property bubble in our county town."

"Consequently, the problem became quite obvious. Their real estate business might be substantial, but it lacked sustainable development. In our city alone, they couldn't develop for much longer."

"Moreover, with the government gradually reining in real estate to prevent overdevelopment, they are now essentially insolvent." Murong Yu had clearly considered various aspects of their potential partners.

Zhang Xiaomeng furrowed his brow slightly, "So according to you, this Xu Family's property is almost like a bankrupt company—isn't it? Then why are you still seeking collaboration with them?"