Here’s what you need to know about Evergrande, and how it got to where it is now.
Evergrande is one of China’s largest real estate developers. The company is part of the Global 500
— meaning that it’s also one of the world’s biggest businesses by revenue.
Listed in Hong Kong
and based in the southern Chinese city of Shenzhen, it employs about 200,000 people. It also indirectly helps sustain more than 3.8 million jobs
The group was founded by Chinese billionaire Xu Jiayin, also known as Hui Ka Yan in Cantonese, who was once the country’s richest man
Evergrande made its name in residential property — it boasts
that it “owns more than 1,300 projects in more than 280 cities” across…