Vanke is about to face liquidation What exactly went wrong? Actually, as early as 2016, Vanke publicly issued the risk warning of 'surviving,' showing that the Vanke team had sufficient market sensitivity, predicting the turning point of the real estate market earlier than the entire industry. However, what followed was completely baffling— large-scale land purchases nationwide, bottom-fishing. It’s like a KOL shouting 'last chance to escape' but secretly bottom-fishing and increasing their positions.