NYT
China Sentences Evergrande Founder to Life in Prison
Thursday, August 20, 2026
A Chinese court sentenced Hui Ka Yan, founder of China Evergrande Group, to life in prison on charges including fraud and asset misappropriation. Evergrande, once China's largest real estate developer by sales, defaulted on billions of dollars in debt beginning in 2021, triggering a broader crisis in China's property sector.
Original reporting: https://www.nytimes.com/2026/08/20/business/evergrande-founder-life-prison.html