Pangu Tower, a high-rise office building north of the 4th Ring Road, is pictured in Beijing on August 15, 2019. Photo: Simon Song

Creditors sell dragon shaped Pangu office tower on Taobao for a steep discount to recover debt owed by fugitive Guo Wengui

  • Pangu Plaza Tower 5 houses a luxury hotel and IBM China’s office next to the Bird’s Nest Olympic Stadium in the Chinese capital
  • The 39-storey tower was put on the auction block for a starting price of 5.18 billion yuan and valued at 7.92 billion yuan, about half the average price of comparable Grade A offices in the neighbourhood
Topic |   Guo Wengui

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Pangu Tower, a high-rise office building north of the 4th Ring Road, is pictured in Beijing on August 15, 2019. Photo: Simon Song
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