Under Wu, Anbang came to epitomize the voracious Chinese appetite for overseas acquisitions that saw trophy assets snapped up around the world — sometimes at prices that left observers scratching their heads. The full cost of that headlong spree started becoming clear last year as Chinese authorities, alarmed by mounting financial risks, slammed the brakes on Anbang and peers such as HNA Group.

Source: Los Angeles Times February 23, 2018 03:12 UTC