Smaller loss of $4.5 billion reported at China's troubled Evergrande

BEIJING, China: Due to a rise in revenue, China Evergrande Group recorded a narrower net loss for the first half of the year, as reported over the weekend.

The January-June loss was 33 billion yuan ($4.53 billion), compared to a 66.4 billion yuan loss in the same period last year, the company said.

The world's most-indebted property developer is part of China's property sector crisis that began in late 20