Chinese Tycoon Who Built Zhongzhi Enterprise Group Dies

Xie Zhikun, the founder and controlling shareholder of sprawling Chinese investment conglomerate Zhongzhi Enterprise Group, died Saturday morning, Caixin learned from multiple sources.

Xie, 61, apparently died of a heart attack during morning exercise, Caixin learned.

“He had a history of heart disease and felt a sudden discomfort when doing Pilates,” said a person close to the Xie family. “He was sent to the hospital but didn’t make it. He suffered a large-scale myocardial infarction.”