--FILE--piétons à pied passé graffiti de magasinage en ligne Taobao.com site sur un mur au siège de Groupe d''Alibaba à Hangzhou city, est de la Chine"
--FILE--Pedestrians walk past graffiti of online shopping site Taobao.com on a wall at the headquarters of Alibaba Group in Hangzhou city, east China's Zhejiang province, 29 January 2015. Taobao, China's biggest online shopping platform, is hawking off a bit more than Korean cosmetics and Hello Kitty socks these days. The site, owned by Alibaba Group Holding, has become China's premier venue for selling toxic assets directly to anyone looking for claim on bad debt from a make-up factory in Jiangsu province or a drug factory in Zhejiang. China Huarong Asset Management, which went public in Hong Kong in November and is one of four state-backed "bad banks", said this week that it plans to sell off 51.5 billion yuan (US$7.95 billion) worth of bad debt via Taobao. China Cinda Asset Management, another state-controlled bad-debt manager, was the first firm to sell distressed debt on Taobao's auction platform. In March, the Zhejiang branch of the company sold off two bad debt contracts on a Taobao page for a total 24.5 million yuan.
