[3] Its founding shareholders included state-owned car maker Shanghai Automotive Industries Corp., which held a 20% stake.
[4] Anbang has more than 30,000 employees in China and is engaged in offering various kinds of insurance and financial products.
On May 10, 2018, Wu Xiaohui was sentenced to 18 years of imprisonment after he was found guilty of fraud and embezzlement.
[8] The company holds a geographically diversified portfolio of assets in financial services, real estate and lodging.
[24] In 2017, the company also ended talks to invest billions of dollars in a Manhattan office tower (666 Fifth Avenue) owned by the family of Jared Kushner, President Trump’s son-in-law and a senior White House aide.