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Evergrande tycoon at the heart of China’s property crisis jailed for life

Posted on August 20, 2026
By CNN
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1 min read

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Evergrande tycoon at the heart of China’s property crisis jailed for life

The founder of embattled Chinese property behemoth Evergrande was sentenced to life in prison on Thursday, according to state media, the latest chapter of ignominy for a former symbol of the nation’s economic boom.