Indebted real estate group China Evergrande avoided at the last minute a destabilizing default for the third time in the past month, with a source claiming on Thursday that several bondholders had received late coupon payments, Market Research Telecast reported. Evergrande, the world’s most indebted real estate developer, has stumbled between payment terms in recent weeks as it tries to cope with more than $ 300 billion in liabilities, 19,000 million of which are bonds issued in international markets.

Byton, which burst onto the scene with big promises and a lot of hype in 2018, appears headed toward bankruptcy, according to a report last week from Nikkei, CNET.com reported. Byton missed payroll and halted all production processes, according to the report, and a local court began initial bankruptcy proceedings. Byton did not immediately return a request for comment on the news, but a source close to the startup told Nikkei it will likely be incredibly difficult for the company to bounce back.

The personal luxury market of high-end accessories, leather goods and apparel has snapped back to pre-pandemic levels as U.S. shoppers outspent those in China in pursuit of the latest fashion trends, according to a study released Thursday by the Bain consultancy, the Associated Press reported. Global consumer spending on personal luxury goods, including the latest sneaker trend or design collaboration, is forecast to spike by 29% this year, to 283 billion euros ($325 billion).

One of Malaysia's major mobile carriers has agreed to use the government's 5G network yet due to transparency and pricing issues, ahead of a rollout planned for next month, a state agency and industry executives said, Reuters reported. However, state-owned network wholesaler Digital Nasional Berhad (DNB) told Reuters it still hoped to launch 5G services in three urban centres, as talks continue with mobile operators.