Taiwan’s ruling party, which was roundly defeated in weekend elections, faces a new battle: keeping its more than $760 million in assets. As WSJ's Jeremy Page and Jenny W. Hsu report:

The Kuomintang, of the world’s richest political parties, is fighting for its political and financial future as the country’s next leader, Tsai Ing-wen, tries to recoup some of those riches, say her aides and advisers.

The party’s precarious state is a challenge too for Beijing, which sees Taiwan as its territory and has relied on the Kuomintang to bring the island closer to the mainland, even as popular support for reunification has waned among Taiwanese.

Tsai aides say many of the party’s assets—including a five-star hotel on the Pacific Island of Palau—should belong to the country because they were seized after World War II from Taiwan’s former colonial ruler, Japan, or accumulated when the party ruled the island as a dictatorship.

Read the full story on WSJ.com.