Hui Ka Yan's punishment closes a legal chapter, but billions in losses from Evergrande's collapse remain with homebuyers, suppliers, investors, and creditors.

Evergrande founder Hui Ka Yan, also known as Xu Jiayin, has been sentenced to life in prison in China for embezzlement, bribery and other financial crimes linked to the property…

Hui’s group had been the poster child of corporate excess during Beijing’s long real estate boom.