Report: Chinese authorities have detained Zhao Weiguo, former chairman and major shareholder of the heavily indebted state-backed chipmaker Tsinghua Unigroup
the latest aggressive billionaire dealmaker to fall foul of Xi's government ... via @ftchina & @caixin https://www.ft.com/... @sreemoytalukdar : “Zhao especially benefited from state support during the administration of Hu Jintao and is believed to maintain a close personal relationship with the former president's son, Hu Haifeng.” https://www.ft.com/... Noah Smith / @noahpinion : Xi going after semiconductor guys now? Truly, no industry is safe... https://twitter.com/...
Another China tycoon down: Beijing detains high-flying Tsinghua semiconductor boss and former Xinjiang shepherd Zhao Weiguo — the latest aggressive billionaire dealmaker to fall foul of Xi's government ... via @ftchina & @caixin https://www.ft.com/...
“Zhao especially benefited from state support during the administration of Hu Jintao and is believed to maintain a close personal relationship with the former president's son, Hu Haifeng.” https://www.ft.com/...