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2 mins read
A bank advising Evergrande's lenders says the embattled property developer is expected to default, report says
A bank director advising Evergrande bondholders said a default is likely to come soon, Reuters repo…
Harry Robertson
4 mins read
Chinese stock market influencers are helping to quell Evergrande-related protests by pushing positive messages about the company's future
An expert told Insider that these messages might be helping to pacify smaller investors who are les…
Cheryl Teh
2 mins read
Beijing is working behind the scenes to pull Evergrande out of danger, urging state-owned firms to buy the property developer's assets
Sources told Reuters Beijing is unlikely to put together a bailout for Evergrande, but has asked st…
Matthew Loh
2 mins read
A video shows female Evergrande staff dancing to entertain clients at one of the company's property showrooms
Three female staff members were seen dancing in short skirts in front of a display at one of Evergr…
Cheryl Teh
2 mins read
Trading in Evergrande shares has been suspended pending a 'major transaction' - and as another debt test looms
Embattled Chinese property developer Evergrande is fighting for its life and is down more than 80% …
Reuters
2 mins read
Chinese authorities are auditing the assets of Evergrande and its billionaire boss to determine if it needs a bailout: Reuters
The government has stepped in to manage Evergrande's crisis after it said there was "no guarantee" …
Huileng Tan
1 min read
Evergrande's deal to sell a majority stake in its property services unit to smaller rival has been put on hold, report says
Evergrande was in talks to sell 51% of its property services unit to Hopson Development Holdings fo…
Isabelle Lee
1 min read
Chinese authorities have told Evergrande's billionaire founder to use his own money to pay down the company's $300 billion debt, Bloomberg reports
Hui Ka Yan's net worth is about $7.6 billion, according to Bloomberg Billionaires Index. Evergrande…
Huileng Tan
2 mins read
Markets are awaiting the next major test of Evergrande after default fears triggered a sell-off. Here's what investors are focused on as key debt payment looms.
All eyes are on Evergrande's ability to pay $83 million in interest on its US-dollar denominated bo…
Matthew Fox
1 min read
2 cities in China have repossessed land owned by Evergrande amid scrutiny over assets of the debt-laden developer
Local governments in Chengdu and Haikou have taken over idle land owned by Evergrande.
Huileng Tan
3 mins read
Evergrande's electric car division vowed to beat Tesla at its own game, but it's taken $740 million in losses so far this year and still hasn't sold a single car
Evergrande Auto once commanded a valuation higher than Ford's, but its share price has now plunged …
Matthew Loh
1 min read
Beijing flinches from Evergrande bailout, nudges government-owned firms to snap up assets, report says
Vanke, China Jinmao Holdings, and China Resources Land are among those that have been asked to purc…
Isabelle Lee
2 mins read
Evergrande takes on Tesla, rolling out its first electric vehicle as the embattled Chinese real-estate developer seeks to make EVs its core business
Evergrande said in 2020 that it wanted to become "the largest and most powerful new energy automobi…
Huileng Tan
2 mins read
China says Evergrande risks are 'controllable' in first comments since debt crisis
Chinese officials, including state-controlled media, have kept silent throughout the Evergrande's f…
Isabelle Lee
1 min read
Evergrande's boss forced to sell an additional 277.8 million shares as China's government says it's not bailing the property giant out
The sale cut Hui Ka Yan's stake in Evergrande by nearly 2% — from 61.88% to 59.78%.
Huileng Tan
4 mins read
Evergrande owes its creditors over $500 million that is due by the end of the year. Here's a breakdown of the payments it needs to make.
If Evergrande fails to meet its obligations, it could become the second-biggest emerging market cor…
Shalini Nagarajan
1 min read
Evergrande has sold 2 of its private jets for more than $50 million as it tries to control its huge debts, according to a report
Evergrande sold the Gulfstream jets in October, the same month it made two bond-interest payments, …
Kate Duffy
1 min read
US Secretary of State Antony Blinken urged the Chinese government to 'act responsibly' when handling the Evergrande crisis
This is the first time a senior official in Biden's administration has spoken on the Evergrande cri…
Cheryl Teh
2 mins read
China's Evergrande plunges as much as 14% after $2.6 billion sale falls through, as trading resumes in Hong Kong
The enormous Chinese property developer Evergrande is on the brink of default, raising fears of con…
Harry Robertson
2 mins read
Evergrande's most bizarre holdings? A hodgepodge of amusement parks all over China called 'Fairyland'
Real estate giant Evergrande has been building 15 amusement park projects across China, dubbed "Fai…