Alibaba courts more China bad debt managers for online auctions
May 29, 2015 at 05:37 AM EDT
HANGZHOU, China/BEIJING, May 29 (Reuters) - Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured loans online amid a push by the government to settle these debts as the economy slows, an executive at e-commerce giant Alibaba Group Holding Ltd said.