The fifth hitman was so upset by how much the payment had dropped by the time it got to him that he told the target to fake his own death.
This led to police finding out the plot, according to Beijing News.
Both the businessman and the five hitmen were jailed and convicted of attempted murder.
The trial lasted three years.
Tan Youhui, who hired the original hitman, was jailed for five years. The first hitman was sentenced to three years and six months in jail.
The second and third hitman received a jail sentence of three years and three months, while the fourth hitman received a three-year sentence and the fifth one was jailed for two years and seven months.