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China , Sunday 30 August 2026

China's "Real Estate King" sentenced to life in prison

Published on: Thursday 20 August 2026

China's "Real Estate King" sentenced to life in prison Xu Jiayin, founder of Evergrande, which became the largest real estate empire in China, has been sentenced for multiple financial crimes after leading one of the biggest business collapses in recent history of the Asian country.. There was a time when Xu Jiayin traveled in a private jet, sat next to Chinese political elites, and led a conglomerate that built developments all over the country, had his own football team, and spent millions on...


News source: https://www.msn.com/en-us/money/markets/chinas-real-estate-king-sentenced-to-life-in-prison/ar-AA2aD3eG

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