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Business Insider Latest Story Image
3 mins read

There may be little to recover in the $300 billion Evergrande debt saga

Liquidators will take control of the company's assets and prepare to sell them in order to repay th…

Huileng Tan,Nidhi Pandurangi   


Business Insider Latest Story Image
1 min read

Evergrande shares jumped 42% within 15 minutes of resuming trade amid investigation woes

Trade in Evergrande shares was suspended last Thursday after Bloomberg reported the company's chair…

Huileng Tan   


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1 min read

The founder of Chinese property developer Evergrande — who was once Asia's second-richest person — is no longer a billionaire

Hui Ka Yan is now worth $979 million. His net worth has taken a 98% tumble since peaking at $42 bil…

Huileng Tan   


Business Insider Latest Story Image
1 min read

Evergrande's billionaire founder is under police control, report says, as Beijing's crackdown on the property giant intensifies

The Bloomberg report comes as shares in the embattled Chinese real-estate giant plunged this week a…

George Glover   


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2 mins read

Evergrande stocks have tanked 27% this week, suggesting the worst is far from over for China's property sector

Evergrande is valued at 5.3 billion Hong Kong dollars now — way down from 2017 when it was wo…

Huileng Tan   


Business Insider Latest Story Image
2 mins read

China Evergrande has had a wild ride on the stock market in the 3 weeks since trading was resumed

The Chinese property developer's shares tanked 25% early on Monday following news that some of its …

Huileng Tan   


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2 mins read

US stocks fall as investors digest news of Evergrande's missed payment deadline

The debt crunch of the beleaguered Chinese firm has roiled global markets in the past week and has …

Isabelle Lee   


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2 mins read

China Evergrande, the world's most heavily indebted property developer, just filed for Chapter 15 bankruptcy protection

Evergrande's filing came amid fears of widening economic woes in China as the country's real-estate…

Huileng Tan   


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2 mins read

Check out the man-made island where Evergrande was ordered to tear down 39 buildings

Chinese authorities have given Evergrande 10 days to demolish 39 buildings on its man-made Ocean Fl…

Grace Kay   


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2 mins read

Homebuyers in China are refusing to keep paying mortgages for unfinished apartments, adding to the cash crunch in the sector that could spread globally

Buyers of homes in more than 200 projects across 75 to 80 cities are refusing to pay their mortgage…

Huileng Tan   


Cheryl Teh   


Business Insider Latest Story Image
3 mins read

Chinese TikTokers are visiting Evergrande sites with drones to investigate if the company is resuming construction on its real estate projects

Some TikTok used drones to hover over Evergrande work sites to record footage and check if workers …

Cheryl Teh   


Business Insider Latest Story Image
2 mins read

Evergrande tries to reassure investors by claiming it has resumed work on 46 real estate projects in cities across China

The company posted what appeared to be timestamped images of workers returning to work at construct…

Cheryl Teh   


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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   


Business Insider Latest Story Image
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   


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2 mins read

China's economy is set to slow sharply as it grapples with the Evergrande crisis and weaker domestic demand, Barclays says

Like other banks, Barclays has become more pessimistic about China's growth prospects as it deals w…

Harry Robertson   


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8 mins read

Cheryl Teh   


Business Insider Latest Story Image
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   


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3 mins read

Beleaguered real-estate giant Evergrande's $1.8 billion lotus-shaped soccer stadium is partially built and in shambles amid the company's impending collapse

The stadium was touted in its 2020 groundbreaking ceremony to have a seating capacity of 100,000, t…

Cheryl Teh   


Cheryl Teh  Â