Foreign Investors Nervous as More Chinese Business Executives Vanish
The number of high-level Chinese business executives who have vanished without warning during Xi Jinping's latest purge keeps growing.
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The number of high-level Chinese business executives who have vanished without warning during Xi Jinping's latest purge keeps growing.
DouYu founder and CEO Chen Shaojie has not been seen since October and industry insiders believe it is related to suspected gambling during a livestream. | World News
Chen Shaojie, the CEO of the Chinese live-streaming platform DouYu, has not been seen in public for weeks following an investigation into illegal content on his site. Industry insiders suspect his disappearance is related to suspected gambling during a livestream on the platform. DouYu is backed by Tencent and has a market capitalisation of $268 million.
It is not uncommon for business executives to disappear in China, where authorities can detain suspects for months or even years without charge or access to legal representation.
Chen Shaojie, the founder and CEO of DouYu, has not been seen publicly for weeks, leaving industry insiders and the public in suspense.