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Xu Jiayin: self-made man and ‘the Jack Ma of the Chinese real estate sector’

News Snapshot:

Is Xu Jiayin, the founder of Chinese real estate giant Evergrande, a genius businessman? And did the Communist Party of China (CPC) sabotage him simply because his power became too great? Or is he a charlatan who had too easy access to unsecured loans precisely because of his ties to CPC leaders? Xu is not as well known as CEO Jack Ma of online store Alibaba, but he is to the real estate sector what Jack Ma is to high-tech. Xu Jiayin, also known by his Cantonese name Hui Ka Yan, is both the founder and major shareholder of Evergrande….

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