A Chinese real estate billionaire is facing extradition to the United States from London for allegedly paying bribes to obtain permits for a construction project in San Francisco.
Zhang Li, 69, a former official of the Guangzhou Municipal Government, is a co-founder and CEO of Guangzhou R&F Properties, which once ranked as one of the top 10 developers in China. The company’s sales revenue in 2020 exceeded 130 billion yuan (around $17.98 billion).