Previously known as the Hengda Group, Evergrande Group is one of China’s primary property developers. Xu Jianyin founded the company in Guangdong Province in Southern China’s Guangzhou. In addition to real estate development, the company owns Guanghzhou Evergrand F.C., a football club it purchased in 2010. It also owns a football training facility and its own brand of mineral water.
Evergrande achieved the 94th spot on the Forbes 2019 Global 2000 list. The company boasts success due to their series of three-year plans, sighting an operation model of unified planning, bidding, procurement and distribution. Their 2006-2008 three-year plan outlined mainland expansion and delving into the global market. With rapid growth, Evergrande established locations in more than 20 Chinese cities, as well as collaborations with Temasek, Merrill Lynch and the Deutsche Bank.