Evergrande Real Estate currently owns more than 1,300 projects in more than 280 cities across China. The Evergrande Group has expanded aggressively to become one of China's biggest companies by borrowing more than $300bn. They invested into a number of different industries ranging from wealth management to electric cars to the purchase of the country's biggest football teams, Guangzhou FC. Several factors have seen Evergrande's share price tumble by around 80% this year. Its bonds have also been downgraded by global credit ratings agencies and the company is at risk of bankrupcy.