Evergrande's Endgame: A Cautionary Tale of Hubris and Consequences The fall of China's property giant, Evergrande, has been a story of breathtaking speed and catastrophic proportions.
The company's founder, Hui Ka Yan, was sentenced to life in prison for embezzlement, corporate bribery, and falsifying records – a grim reckoning that marks the end of an era in China's real estate industry.
At its peak, Evergrande boasted a stock market valuation north of $50 billion and employed over 200,000 people.