Jan 08, 2022 05:08 PM

FINANCE

Private Equity Tycoon Wang Chaoyong Released on Bail

By Yue Yue and Zhang Yukun

What’s new: Wang Chaoyong, the private equity tycoon who had been detained by police on Nov. 30, was released on bail on Thursday, Caixin learned from sources with knowledge of the matter.

On Friday, the founding chairman and CEO of Chinaequity Investment Co. Ltd., posted a series of 10 social media updates, relating to news of his company, according to the sources.

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