China - Chinese tech billionaire Bao Fan goes missing: company
The entrepreneur appears to be the latest high-profile Chinese executive to go missing with little explanation
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The entrepreneur appears to be the latest high-profile Chinese executive to go missing with little explanation
Bao Fan, one of China's most notable billionaires, is missing, his company says, renewing fears over possible crackdowns from the Chinese Communist Party on finance and tech figures.
The China Renaissance Holdings stated in a market update on Thursday that Bao Fan, CEO of the company, had not been reachable in recent days. Top IT firms Didi and Meituan are among the clients of Mr. Bao, a well-known deal broker in China. The move by his company has rekindled worries about a future crackdown in Beijing on leaders in technology and finance.
The Chinese billionaire chairman of investment bank China Renaissance has gone missing, the firm said, as shares in the company plunged in Hong Kong on Friday.Bao Fan, who is also executive director...
Bao Fan, the chief executive of China Renaissance Holdings, had not been able to be reached in recent days, the firm said in a market update on Thursday.