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Once the richest man in China, Hui Ka Yan will now spend the rest of his life in prison just five years after his property development company, Evergrande Group, collapsed and sent shockwaves through ...

Evergrande founder Xu Jiayin (C) during his trial in southern China's Shenzhen (Handout) Once China's richest man, disgraced property tycoon Xu Jiayin looked worn as a court in China handed the now ...

Hui Ka Yan was once one of the world’s richest men, a property tycoon who used his company’s billions to buy a soccer club and fund medical research at Harvard University. On Thursday, a court in ...

China Evergrande Group’s founder Hui Ka Yan has been sentenced to life in prison, bringing an end to one of the most dramatic rise and fall stories in China’s corporate history. The disgraced property ...

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 ...

Hui Ka Yan’s punishment caps the downfall of a property empire whose collapse set off a prolonged crisis in the Chinese economy. By Yan Zhuang and Alexandra Stevenson Yan Zhuang reported from Seoul ...