BEIJING, Aug 20 — China on Thursday sentenced the founder of embattled property giant Evergrande to life in prison and fined the company and an affiliate more than US$2 billion...

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…

A Shenzhen court also levies massive fines against the developer’s main units for systematic fraud

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