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The Shenzhen court sentenced Xu Jiayin, the former billionaire and founder of the real estate developer Evergrande, to life in prison for fraud and embezzlement, marking a severe blow to the already weakened Chinese real estate sector by the bankruptcy of his company in 2021. (translated)

Xu Jiayin, the founder and CEO of the Evergrande real estate group, has been sentenced to life in prison in China. The fall of Evergrande has created a major real estate crisis that is still being felt today. At 64, Xu Jiayin represents a generation that emerged from Maoism and which 1/7 (translated)

The founder of the struggling Chinese construction company Evergrande, Xu Jiayin, was sentenced to life in prison by a court in Shenzhen and found guilty of economic crimes such as fraud and embezzlement, while 56 other individuals from his circle were also sentenced to prison terms. (translated)

Xu Jiayin, founder of Evergrande and once the richest man in China, has been sentenced to life in prison for financial fraud and illegal fundraising, while his company has been fined nearly 2 billion dollars, marking the dramatic fall of a real estate giant symbolizing the growing Chinese economic crisis. (translated)

The founder of Evergrande, Xu Jiayin, has been sentenced to life imprisonment and ordered to return all his assets after being convicted of multiple financial crimes, in a case that reflects the deep real estate crisis in China, where the company faces debts of 330 billion dollars. (translated)

Xu Jiayin, founder of Evergrande and a symbol of the Chinese real estate boom, has been sentenced to life in prison for multiple financial crimes following the collapse of his empire, bringing an end to a story that reflects the dizzying growth and eventual economic crisis of China. (translated)

The founder of Evergrande, Xu Jiayin, has been sentenced to life in prison for various financial crimes, including falsification of information and bribery, and significant fines have been imposed on his company and senior executives in the context of the real estate crisis in China. (translated)

The founder of the insolvent Chinese real estate company Evergrande, Xu Jiayin, was sentenced to life imprisonment in Shenzhen for embezzlement and corruption, loses his political rights, and all his assets will be confiscated, while the company is additionally fined 8.82 billion yuan. (translated)

The founder of the Chinese real estate giant Evergrande, Xu Jiayin, has been sentenced to life in prison for large-scale financial fraud, and his company along with its real estate subsidiary have been fined a total of about two billion euros, illustrating the consequences of the real estate crisis affecting the Chinese economy. (translated)

Xu Jiayin, de voormalige vastgoedkeizer en oprichter van het Evergrande-imperium, is gevangen gezet wegens economische delicten, wat symboliseert dat de ongekende groei van de Chinese economie ten einde is gekomen, nadat zijn vastgoedbedrijf met een schuld van 330 miljard dollar in de problemen raakte. #XuJiayin #Evergrande #ChineseVastgoedmarkt