So in China people don't need to pay tax for their house, that means if you hold 100 apartments, you don't pay any tax at all.
So rich (conrupted) person/officers just buy as much apartments as possible and push the price higher.
Super high house price suppress the consumption and people don't want to give birth babies as in China parents need to buy apartment for their son. The government just set a red line for apartment(you can't sell above this price), but keep selling the land to company with a hight price.
EverGrand is a sick company for a long time, it aquired a bank, then borrowed as much money as possibly from there.
Tencent is totally different, most leading internet companies in China are backed by tencent.
I would say you should be extremely careful if you want to invest on Chinese stock market, there are many fake reports, numbers and black box manipulations, and even the frauds like luckin coffee and letv, but I still trust Tencent.
Tencent 's dividend is small, but growing 30% per year, PayU already started to earn money, delivery heros actually made money in 2019, but they decided to sacrifce profit to take larger market share, so I am confident for the profit growth of prosus. This is a new share , it still needs time to prove itself.