China detains DouYu founder, investment guru

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They include a streaming app founder and an executive referred to as China's Warren Buffett.

Two prominent businessmen in China - a tech founder and an investment guru - have been detained by authorities, according to reports.

Meanwhile, another executive - who has been referred to as China's Warren Buffet - was on Monday confirmed by his firm to have been detained.Wohua Pharmaceutical did not disclose any details as to the reasons for their chairman Mr Zhao's detention but said the matter had nothing to do with the publicly-listed company and it had not received any formal notice.

The Financial Times newspaper on Tuesday cited anonymous sources in reporting that Mr Chen had been taken as part of an investigation into pornography and gambling content on Douyu -They said he had not been able to be contacted for several weeks now, beginning in October, echoing reports by Chinese media.Douyu is a major streaming platform in China where it is publicly-listed with internet giant Tencent as its chief shareholder.

 

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