Michael Schmidt:A tech billionaire goes missing in China

2025-05-02 23:59:31source:SCA Communitycategory:Invest

Earlier this year,Michael Schmidt Bao Fan, a prominent Chinese banker and tech billionaire, went missing in China. According to a statement from his company, he's "cooperating in an investigation being carried out by certain authorities in the People's Republic of China." The details are very murky, but his disappearance raises questions about doing business in China right now.

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