Chinese Business Mogul #LuZhiqiang's Assets Sharply Decline from 6 Trillion to 40 Billion

Chinese real estate investment company Oceanwide Holdings, Inc. has been delisted from the Shenzhen Stock Exchange on February 7, 2024 due to rapidly deteriorating business conditions. pic.twitter.com/m5QDkVbdc5

— worldwalker (@worldwalker_now) February 16, 2024

Oceanwide Plaza's Chinese backers set out a vision of luxury. But today the development remains unfinished, its parent company is out of money and the graffiti-covered tower is adding to a list of local problems for LA officials https://t.co/VCUEimWKY4 pic.twitter.com/ufwAiNt5Zb

— Financial Times (@FT) February 19, 2024

Full disclosure, I crashed my drone yesterday during a daring escapade downtown Los Angeles. (Watch my Drone Crash) Google Oceanwide Plaza…

You may have read about the abandoned skyscraper complex that garnered global coverage.

Some savvy grafitti artists managed to enter the… pic.twitter.com/aYV5X2Hw4D

— Linda Arroz (@LindaArroz) February 17, 2024

L.A.’s Graffiti Tower: 27 floors of the unfinished Oceanwide Plaza were tagged by artists and on display during the Grammys, the town is split on how to proceed pic.twitter.com/3OUQPzkm0e

— TRACKER DEEP (@tracker_deep) February 18, 2024