Which country is Evergrande Group from, and what happened to Evergrande Group

Chinese. It is the abbreviation of Evergrande Real Estate Group, a subsidiary holding company of China Evergrande Group, and the real estate business platform of the group, headquartered in Guangzhou, China. China Evergrande Group is an enterprise group integrating people's livelihood and housing, cultural tourism, FMCG, agriculture, dairy, animal husbandry and sports industries.

The company employs 80,000 people. In 2015, the sales volume was 100 million yuan, the total assets reached 100 million, and it ranked 496th among the Fortune 500 companies.

It is a leading large-scale residential property developer in China, and has been ranked among the top 10 real estate companies in China for four consecutive years. It is a real estate development enterprise with China's first-class qualification, an architectural design and planning research institute with China's first-class qualification, a construction company with China's first-class qualification, and a property management company with China's first-class qualification. One of the most influential real estate companies in China.

Evergrande Real Estate is a private enterprise. "First-class scale" is the foundation of Evergrande's "three first-class" target strategy. Before 2004, Evergrande took root in Guangdong and rapidly became large-scale; Since 2004, Evergrande has proposed a national development strategy to expand at a high speed, rapidly realizing the national layout of projects and standardized operation of products, and thus achieving a blowout growth in performance.

In the past six years, Evergrande has achieved an average growth of 46 times in a number of core indicators such as land reserve, sales amount, sales area, operating value, area under construction, completed area, and cash balance. Evergrande has more than 200 large-scale projects in more than 120 major cities across the country, with total assets of 239 billion yuan at the end of 2012.

Evergrande's shareholding structure, Xu Jiayin through the BVI (British Virgin Islands) company Xinxin Co., Ltd. absolute control in the Hong Kong listed company China Evergrande (registered place: Cayman Islands), and China Evergrande through the BVI company Anji Co., Ltd. 100% of the domestic company Guangzhou Chaofeng Real Estate, Chaofeng Real Estate and 100% of the shares of Guangzhou Kailong Real Estate, and Kailong Real Estate 100% of the two subordinate companies, namely Evergrande Group **** and Evergrande Real Estate Group ****.

On October 3, 2016, China Evergrande announced on the Hong Kong Stock Exchange that it had entered into an agreement with Shenzhen Real Estate to purchase 100% of the equity of Evergrande Real Estate held by Guangzhou Kailong Real Estate Co., Ltd., a subsidiary of China Evergrande, by issuing A shares or cash. In this transaction, China Evergrande did not shy away from completing the A-share listing of Evergrande Real Estate through backdoor methods, first of all, injecting 100% of the equity of Evergrande Real Estate into the listed company, and secondly, Guangzhou Kailong Real Estate will also replace Shenzhen Investment Holdings as the new controlling shareholder of Shenzhen Real Estate.

China's main real estate in Guangzhou, China, is now developed across the country and listed in Hong Kong for financing. Last year's turnover was 560 billion, and this year's target is 80 billion. In the past two years, there is a Chinese Super League team - Evergrande Football Team, and a women's volleyball Evergrande team, and the owner seems to be from Henan.

At risk of going out of business.

Evergrande Real Estate Group **** (hereinafter referred to as Evergrande Real Estate) was established in 1997 in Guangzhou, Guangdong Province, China, and is a subsidiary holding company of China Evergrande Group and the main body of the group's real estate business.

Evergrande Group is a Fortune 500 enterprise group integrating real estate, finance, health, tourism and sports, with total assets of one trillion yuan, annual sales of more than 400 billion, more than 80,000 employees, more than 1.3 million jobs, and more than 500 real estate projects in more than 180 cities across the country, becoming the world's first real estate company.

On August 1, 2017, the headquarters of Evergrande Group, Evergrande Real Estate Group and Evergrande Financial Group officially settled in Shenzhen, while the headquarters of Evergrande Tourism Group and Evergrande Health Group continued to stay in Guangzhou. The "dual headquarters" strategy of Guangzhou and Shenzhen was officially implemented, and the headquarters of the two cities each employed more than 3,000 people.

In July 2019, the 2019 Fortune Global 500 was released: ranked 138th. On August 22, 2019, the "Top 500 Private Enterprises in China" was released, and Evergrande ranked 5th.

The list of the top 100 Chinese enterprises along the Belt and Road ranked 32nd. In December 2019, Evergrande Real Estate Group was selected as one of the top 100 brands in the 2019 China Brand Power Ceremony.

On December 18, 2019, the People's ** "China Brand Development Index" 100 list ranked 28th. On January 4, 2020, he won the "Sustainable Development Benefit Award" of the 2020 Caijing Evergreen Award. On June 11, 2021, the signing ceremony of strategic cooperation between Evergrande Group and Sinopec Group was held in Beijing.