Shanghai Daily(@shanghaidaily):Xu Jiayin, founder of Evergrande, has been sentenced to life imprisonment by a Shenzhen court today — alongside fines of ¥8.82B on Evergrande Group and ¥7B on Evergrande Real Estate, lifetime loss of political rights, and full confiscation of personal assets.

Shanghai Daily

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Shanghai Daily@shanghaidaily

2026.08.20 04:16

Xu Jiayin, founder of Evergrande, has been sentenced to life imprisonment by a Shenzhen court today — alongside fines of ¥8.82B on Evergrande Group and ¥7B on Evergrande Real Estate, lifetime loss of political rights, and full confiscation of personal assets.