In this episode of pplpod, we explore the spectacular disintegration of the China Evergrande Group. Once the most valuable real estate company in the world, Evergrande’s 2024 liquidation marked the end of an era for China’s property sector.

Join us as we break down:

• The Boom: How founder Hui Ka Yan founded the company in 1996 during China’s urbanization rush, eventually amassing over $300 billion in assets.

• The Bizarre Diversification: Why a property developer was buying championship football clubs, investing billions in electric vehicles, and hiring Jackie Chan to sell mineral water.

• The Bust: How the government's "three red lines" policy in 2020 exposed Evergrande's massive debts, leading to a liquidity crisis that shook global markets.

• The Scandal: ...