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Evergrande Founder Hui Ka Yan Pleads Guilty to Fraud Charges
Crime & justice·15h sedan

Evergrande Founder Hui Ka Yan Pleads Guilty to Fraud Charges

Hui Ka Yan, founder of the collapsed property giant Evergrande, has pleaded guilty to serious charges including fundraising fraud in a Shenzhen court, with potential life imprisonment penalties. His admission marks a pivotal moment in China's crackdown on corporate misconduct amid Evergrande's $300 billion default that rattled global markets.

China's single-person households rise, driving safety app demand
Society·29 mars

China's single-person households rise, driving safety app demand

The number of single-person households is predicted to rise in China, with forecasts indicating up to 200 million by 2030, creating new lifestyle patterns and needs. This trend is exemplified by individuals like Ding Zixuan, who lives alone in Shenzhen, and has spurred the development of safety apps downloaded millions of times.

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