Thursday, August 20, 2026
Business

Chinese court sentences founder of property developer Evergrande to life in prison

Chinese property developer Hui Ka Yan has been sentenced to life in prison. The decision marks a milestone in Evergrande's saga after it collapsed with more than $300 billion in liabilities.

Chinese court sentences founder of property developer Evergrande to life in prison
Image: NPR Business

Chinese property developer Hui Ka Yan has been sentenced to life in prison. The decision marks a milestone in Evergrande's saga after it collapsed with more than $300 billion in liabilities.

(Image credit: Mahesh Kumar A.)

Originally published at NPR Business

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