Chinese court sentenced on Thursday the founder of embattled property giant Evergrande – largely blamed for the prolonged real estate crisis in the...

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…

Hui was fined 47 million yuan ($6.5 million) in 2024 and banned from China's securities markets for life by the China Securities Regulatory Commission over inflating company…

A Chinese court ordered all of Hui Ka Yan's personal property confiscated.