Chairman Wu charts roller-coaster ride for Waldorf-owner Anbang

Chairman Wu charts roller-coaster ride for Waldorf-owner Anbang

Anbang Insurance. Photo: Bloomberg

Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York’s Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new breed of Chinese dealmakers.

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