China Evergrande Group

Founded in 1996, the Evergrande Group is one of the largest property developers in all of China and one of the most valuable real estate corporations in the world. The company has dual headquarters in Shenzhen and Guangdong and is incorporated in the Cayman Islands. Evergrande specialises in property for upper- and middle-class income earners. Evergrande was founded by Xu Jiayin, now one of the richest men in China. Evergrande stock, 3333.HK is traded on the Hong Kong Stock Exchange. The company was able to raise $722 million in a 2009 IPO, with a total valuation of around $7 billion. One of Evergrande’s minority shareholders is Jack Ma, CEO of Alibaba. Throughout the years, Evergrande has had a fixation with football. The company owns the first division side, Guangzhou Evergrande that it purchased in 2010 and a football youth academy. Guangzhou Evergrande was victorious in the AFC Champions League in 2013 with the help of legendary Italian head coach, Marcello Lippi. In addition to football, Evergrande also owns the Evergrande Spring, a brand of mineral water. Never miss another Evergrande stock update. Add 3333.HK to your watchlist now.