Evergrande Real Estate Group (Guangzhou Evergrande or Evergrande Real Estate Group) was established in 1997 in Guangzhou, Guangdong Province, China, which is a subsidiary of Evergrande Group and the main body of the Group's real estate business. It is headquartered in Shenzhen, Guangdong Province, China. Evergrande Group is one of the world's top 500 enterprise groups integrating real estate, finance, health, tourism and sports, with total assets of over RMB 1 trillion, annual sales volume of over RMB 400 billion. It has more than 80,000 employees and provides more than 1.3 million jobs. It owns more than 500 real estate projects in more than 180 cities across the country, making it the world's first real estate company.