Caixin
Dec 22, 2021 06:26 AM
FINANCE

In Depth: How Private Equity Tycoon Wang Chaoyong’s Dreams Collapsed

Wang Chaoyong
Wang Chaoyong

Wang Chaoyong, a Chinese private equity tycoon who founded Chinaequity Investment Co. Ltd., was detained by Beijing police on allegations of misappropriation of funds, Caixin learned from multiple sources.

Wang, 56, disappeared from public sight nearly three weeks ago. He was last seen at his office in Beijing’s central business district on the afternoon of Nov. 29. He was detained by police the next afternoon, sources said.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Hard-Won Wisdom of Famed Lawyer Zhang Sizhi
00:00
00:00/00:00