OVERVIEW IN DEPTH The Evergrande Group or the Evergrande Real Estate Group (previously Hengda Group) is China's second-largest property developer by sales, and the 122nd largest group in the world by revenue, according to the 2021 Fortune Global 500 List. It is based in southern China's Guangdong Province and sells apartments mostly to upper and middle-income dwellers. In 2018, it became the world's most valuable real estate company. Evergrande Group is a Fortune Global 500 enterprise group integrating properties for people, new energy vehicles, digital technology, cultural tourism, and health and well-being management. At present, Evergrande Group has total assets of RMB2.3 trillion, annual sales volume exceeding RMB700 billion, accumulative tax payment exceeding RMB300 billion, charity and public-welfare donations accumulated to RMB17.29 billion, 120,000 employees, and job offers exceeding 3.3 million per year, ranking No.152 among the Fortune Global 500. ...