China Top 10 Real Estate Developer For 2014 – Rank 7

Evergrande Real Estate Group

The Evergrande Group or the Evergrande Real Estate Group (previously Hengda Group) is China’s second-largest property developer by sales. It is based in southern China’s Guangdong Province, and sells apartments mostly to upper and middle-income dwellers.

Formerly called the Hengda Group, Evergrande was founded by Xu Jiayin in the southern Chinese city of Guangzhou in 1996.

In October 2009 the company raised $722 million in an initial public offering on the Hong Kong Stock Exchange.^[1]

The group bought football club Guangzhou Evergrande F.C. in 2010 and invested heavily, and under Marcello Lippi they won the2013 AFC Champions League. The group has a mineral water brand Evergrande Spring (恒大冰泉)^[2] and a football tutoring school.

In recent years Chinese property developers like Evergrande and Dalian Wanda have made forays into “alternative, income-generating businesses away from the property market”. For example, Evergrande has expanded into solar panels, pig farming, agribusiness, and baby formula.

Industry Real estate
Founded    1996
Founder    Xu Jiayin (Hui Ka Yan)
Headquarters Guangzhou, Guangdong, China
Area served
China
Key people
Xu Jiayin (Chairman)
Website    www.evergrande.com