The China Evergrande Centre in Hong Kong has been renamed “YF Life Centre,” according to Hong Kong media. YF (Yunfeng Financial) is a fintech company listed in Hong Kong.
Founded by Jack Ma, YF plays a significant role in his financial ventures in Hong Kong. The company’s acquisition of the equity of MassMutual Asia Limited further strengthens its position.
Speculation about a change in ownership has arisen with the renaming, but reports suggest that the building is still up for sale.
China Evergrande, facing a debt crisis, has tried to sell the building many times without success. Last year, it came under the control of Alvarez＆Marsal, China CITIC Bank International appointed administrator, and was listed for sale by Savills. The sale deadline was initially set for October 2022.
