Caixin

Cover Story: Unmasking the Architect of a Global Cybercrime Empire

Published: Aug. 17, 2026  5:34 p.m.  GMT+8
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Hu Xiaowei constructed a global network of businesses suspected of being used to launder of Prince Group’s profits.
Hu Xiaowei constructed a global network of businesses suspected of being used to launder of Prince Group’s profits.

For months after the arrest of alleged cybercrime kingpin Chen Zhi, his closest associate was darting around the world in an apparent attempt to stay ahead of the law.

Hu Xiaowei, described by people familiar with Prince Holding Group as the conglomerate’s No. 2 figure, moved between Cambodia and Japan, at times aboard a Falcon 8X private jet. He also surfaced in Britain, sources told Caixin, where he previously purchased a mansion near London’s Holland Park for about 30 million pounds ($40.5 million).

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