China’s economic downturn has led to a wave of layoffs, closures, with business owners disappearing across the nation. On May 29, multiple employees of Shanghai GMore Galaxy Digital Technology Company posted on social media that the company’s owner had absconded due to an inability to recover a 6.2 billion yuan investment. This has left nearly a thousand employees jobless and unpaid for two months.
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Chinese Boss Burns Through $900 Million and Flees, Company Suddenly Dissolves, Leaving 1000+ Jobless
