Chinese court sentences founder of troubled property developer Evergrande to life in prison
Associated Press
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In this handout photo released by Xinhua News Agency, Hui Ka Yan, also known as Xu Jiayin, founder of property developer Evergrande stands trial at the Shenzhen Intermediate People's Court in Shenzhen, south China's Guangdong Province, Thursday, Aug. 20, 2026. (Shenzhen Intermediate People's Court/Xinhua via AP)FILE -A worker collects trash in a partially shuttered Evergrande commercial complex, on the day Hong Kong Stock Exchange delisted the Chinese property developer China Evergrande, in Beijing, China, Aug. 25, 2025. (AP Photo/Mahesh Kumar A., File)FILE - A woman walks by a map showing Evergrande development projects in China, as she heads to an Evergrande city plaza in Beijing on Sept. 18, 2023. (AP Photo/Andy Wong, File)
Xinhua
In this handout photo released by Xinhua News Agency, Hui Ka Yan, also known as Xu Jiayin, founder of property developer Evergrande stands trial at the Shenzhen Intermediate People's Court in Shenzhen, south China's Guangdong Province, Thursday, Aug. 20, 2026. (Shenzhen Intermediate People's Court/Xinhua via AP)