China banking tycoon Bao Fan 'cooperating with investigation'


BEIJING (AFP): Chinese billionaire Bao Fan (pic) is "cooperating in an investigation" by authorities, his company said, almost two weeks after his disappearance sparked fears of a renewed crackdown on the nation's financial services industry.

The China Renaissance chairman rose to fame as a key player in the emergence of some of the country's biggest tech giants, supervising blockbuster IPOs and a landmark merger between major ride-hailing firm Didi and its top competitor at the time, Kuaidi Dache.

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China , tycoon , Bao Fan , Renaissance

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