Behind the scenes, China’s most celebrated and its most notorious billionaires were linked through investments worth at least $1 billion.
Tag: Xiao Jianhua
The Billionaire Criminal Who Secretly Profited Off Jack Ma’s Deals
Confidential documents show that Xiao Jianhua, a corrupt investor tied to China’s political elite, backed the country’s most successful and revered entrepreneur.
The Mystery of the Disappearing van Gogh
After a painting by the Dutch artist sold at auction, a movie producer claimed to be the owner. It later vanished from sight, with a trail leading to Caribbean tax havens and a jailed Chinese billionaire.
Your Tuesday Briefing: A Mass Shooting Near Chicago
Plus Russia regroups in the east and China arrests a mysterious tycoon.
Xiao Jianhua, Chinese Canadian Billionaire, on Trial in China
The case against the financier Xiao Jianhua is widely seen as part of a crackdown on the debt-fueled excess that drove China’s economic growth.
China Is Dismantling the Empire of a Vanished Tycoon
Three years after Xiao Jianhua was snatched from a luxury hotel in Hong Kong, Beijing is making it clear that his style of freewheeling finance is a thing of the past.