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Sunday, October 17, 2021

Evergrande Group

China's second-largest property developer by sales

Evergrande Group
Evergrande Group

The Evergrande Group (恒大集团) or the Evergrande Real Estate Group is the second largest property developer in China by sales. It is ranked 122nd on the Fortune Global 500. It is incorporated in the Cayman Islands and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper and middle-income dwellers. In 2018, it became the most valuable real estate company in the world.

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