A Chinese court sentenced the founder of the property giant Evergrande to life in prison on August 20, 2026, following a guilty plea for massive financial fraud.
The sentencing marks a definitive end to the trials surrounding the developer, which defaulted on billions of dollars in debt, triggering a nationwide property crisis.
This verdict is expected to have significant implications for global investors and the Chinese real estate market, which has struggled to recover since the company's collapse.