China Evergrande Group, headquartered in Shenzhen, is one of China’s largest real estate developers. Founded in 1996 by Xu Jiayin (also known as Hui Ka Yan), the company has grown from a regional property builder into a diversified conglomerate. Evergrande’s core business encompasses residential and commercial property development, with a focus on large-scale mixed-use communities, urban complexes and high-end residential towers.
Beyond its traditional real estate operations, Evergrande has expanded into a range of complementary businesses. These include property management services, health and elder care facilities, cultural tourism projects, and new energy vehicle manufacturing under its Evergrande New Energy Vehicle Group subsidiary. This multi-sector approach aims to capture value across the property lifecycle and to mitigate risks associated with China’s cyclical property market.
Evergrande’s development footprint extends to more than 200 cities across mainland China, covering major urban centers such as Beijing, Shanghai, Guangzhou and Shenzhen. The Group has also pursued selective overseas investments, including real estate projects in Southeast Asia and Europe, although its primary operations remain firmly rooted in China’s domestic market.
Led by its founder and chairman Xu Jiayin, Evergrande has undergone significant corporate restructuring since 2021 to address liquidity challenges and renegotiate obligations with creditors. The company continues to operate under the supervision of creditors’ committees as it seeks to stabilize its balance sheet and resume development activities under revised financial arrangements.
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