China banking tycoon Bao Fan ‘cooperating with investigation’ ...Middle East

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China banking tycoon Bao Fan ‘cooperating with investigation’
BEIJING: Chinese billionaire Bao Fan 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 the landmark 2015 merger between ride-hailing giant Didi and its top competitor at the time, Kuaidi Dache.His Hong Kong-listed firm said in a filing dated Sunday that it was now “aware that Mr Bao is currently cooperating in an investigation being carried out by certain authorities” in mainland China.“The Company

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