The founder of failed Chinese property giant Evergrande has been sentenced to life in prison after his business’s collapse rocked the country’s housing market.

Hui Ka Yan’s punishment caps the downfall of a property empire whose collapse set off a prolonged crisis in the Chinese ...

The founder of embattled property behemoth Evergrande and formerly one of China’s richest men was sentenced to life in prison ...

China sentenced China Evergrande Group’s founder Hui Ka Yan to life imprisonment and fined the group and an affiliate a total of 15.82 billion yuan ($2.4 billion), cementing the downfall of the ...

Hui's sentencing marks a pivotal moment in the fallout from Evergrande's collapse, which shook China's property sector.