Founder of collapsed Chinese property giant Evergrande sentenced to life in prison

Hui and his businesses "seriously disrupted" the Chinese property market, resulting in significant economic losses, the court said.

Evergrande's implosion has often been blamed for triggering a broader slump in China's property market that continues to weigh heavily on the economy.

The founder of Evergrande, the property giant at the centre of China's housing market slump, has been sentenced to life in prison and had all of his personal property confiscated.