Chinese Tech Billionaire Bao Fan Gone Missing

The famous Chinese billionaire Bao Fan has gone missing. His company, China Renaissance Holdings Limited, has not been able to contact its founder, according to the statement released by the company. Although no official investigative statement has surfaced, his arrest could be the continuity of the Chinese government’s crackdown on finance and tech figures.

Disappearance Without A Trace

Mr. Bao’s disappearance is not an isolated event but rather a part of the Chinese government’s systematic policy of disappearing those critical of the government. According to Forbes magazine, at least half a dozen of billionaires have disappeared without a trace and then found after months. In some of the cases, the suspects were believed to be involved in corruption or tax evasion. 

Out Of Contact

Forbes reported that the word “shi lian” meaning out of contact does not necessarily mean something negative. It could be possible that Mr. Bao is assisting the authorities in any other investigation. The Chinese government has been critically monitoring particular sectors such as the internet and real estate.

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