Established in 1996, Evergrande Group is a large real estate developer in China, with projects in over 200 cities. It also has interests in finance, internet, health, tourism, culture, and sports. The company owns various subsidiaries, including Evergrande Real Estate, Evergrande New Energy Automobile, and Evergrande Health. However, Evergrande has been facing financial challenges, with debts of around $300 billion and cash flow issues. To avoid defaulting on debts, the company announced plans to sell a stake in Shengjing Bank. Despite its challenges, Evergrande Group is one of the world's largest real estate enterprises, with over 80,000 employees and a significant impact on employment in China.