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Evergrande Group
 | |
 Guangzhou Evergrande Center | |
| Company type | Public |
|---|---|
| SEHK: 3333 OTC Pink: EGRNQ | |
| Industry | Real estate |
| Founded | 1996 |
| Founder | Hui Ka Yan (Xu Jiayin) |
| Headquarters | , China |
Area served | Mainland China |
Key people | Hui Ka Yan (Chairman) |
| Revenue |  CN¥507.250 billion[1](US$77.713 billion, 2020) |
 CN¥63.520 billion[1](US$9.732 billion, 2020) | |
| CN¥8.076 billion[1] (US$1.238 billion, 2020) | |
| Total assets | CN¥2,301 trillion[1] (US$306.410 billion, 2020) |
| Total equity | CN¥350.431 billion[1] (US$53.687 billion, 2020) |
Number of employees | 123,276[2] (31 December 2020) |
| Subsidiaries | Hengda Real Estate Evergrande New Energy Auto |
| Website | www |
| China Evergrande Group | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Simplified Chinese | 中国恒大集团 | ||||||||||||||||
| Traditional Chinese | 中國恆大集團 | ||||||||||||||||
| |||||||||||||||||
The China Evergrande Group was a Chinese property developer, and it was the second largest in China by sales.[3] It was founded in 1996 by Hui Ka Yan (Xu Jiayin). It sold apartments mostly to upper- and middle-income dwellers.[4]
Evergrande was incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China.[5]
In 2018, Evergrande became the most valuable real estate company in the world,[6] but by 2021 it had collapsed financially and started the Chinese property sector crisis. The company eventually filed for bankruptcy in the United States in 2023,[7] which was followed by a court-ordered liquidation in Hong Kong in January 2024.[8]
- ^ a b c d e "China Evergrande Group financials". finance.yahoo.com. Archived from the original on 27 June 2021. Retrieved 31 May 2021.
- ^ "China Evergrande Group profile". finance.yahoo.com. Archived from the original on 9 September 2021. Retrieved 16 June 2021.
- ^ "Evergrande draws eight strategic investors for Shenzhen listing". South China Morning Post. 2 January 2017. Archived from the original on 23 July 2021. Retrieved 12 April 2018.
- ^ Martin, Nik (16 September 2021). "Evergrande: Why the Chinese property giant is close to collapse". Deutsche Welle. Archived from the original on 15 September 2021. Retrieved 16 September 2021.
- ^ "Contact". Evergrande Group. Archived from the original on 28 June 2021. Retrieved 5 February 2021.
35 / f, excellent houhui financial center, no. 1126 Hyde [sic] road, nanshan district, shenzhen
- Chinese address Archived 6 November 2020 at the Wayback Machine: "深圳市南山区海德三道1126号" (based on the Chinese address it is Haide Third Road) - ^ "China's Evergrande tops world's most valuable real estate brand". Xinhua News Agency. 5 September 2018. Archived from the original on 5 September 2018.
- ^ Delouya, Samantha (17 August 2023). "China's Evergrande files for bankruptcy". CNN. Archived from the original on 17 August 2023. Retrieved 17 August 2023.
- ^ Sanyal, Shreyashi (29 January 2024). "Evergrande shares halted after Hong Kong court orders liquidation". CNBC. Archived from the original on 29 January 2024. Retrieved 29 January 2024.
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