A general view shows the headquarters of Anbang Insurance Group in Beijing, China, February 23, 2018. Mirae Asset scraps $5.8 billion deal to buy U.S. hotels from China’s Anbang. Thomas Peter / Reuters
Skift Take: Mirae is probably experiencing a bad case of buyer’s remorse as the coronavirus pandemic takes a huge bite out of Anbang’s asset values. Such disputes over deals made in a pre-Covid era are not the first, and they won’t be the last.