Chinese tech billionaire goes missing: company

Bao’s disappearance is now raising concerns over a possible renewed crackdown on China’s finance industry as President Xi Jinping persists in his long-standing crusade against corruption. — Reuters

BEIJING: The Chinese billionaire chairman of investment bank China Renaissance has gone missing, the firm said, as shares in the company plunged in Hong Kong on Feb 17.

Bao Fan, who is also executive director of the bank, is a major figure in the Chinese tech industry and has played a key role in the emergence of various domestic Internet startups.