China Renaissance suspends trading, delays results after founder's disappearance | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

China Renaissance, a top dealmaker in the country’s tech industry, said it would suspend trading of its shares and delay the release of its annual results because it still can’t get in touch with its founder.

Bao Fan, 52, started the boutique investment bank in 2005 and has been unreachable since the middle of February, according to the company. Shares in China Renaissance have plunged since Bao went missing, at one point dropping as much as 50%. China Renaissance said in late February that it had learned Bao was “cooperating in an investigation” being carried out by certain authorities in the country. It gave no other details.

He helped broker the 2015 merger between two of the country’s leading food delivery services, Meituan and Dianping. Today, the combined company’s “super app” platform is ubiquitous in China. His team has also invested in US-listed Chinese electric vehicle makers Nio\n \n and Li Auto and helped Chinese internet giants Baidu\n \n and JD.com\n \n complete their secondary listings in Hong Kong.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Arresting capitalist destroy the Chinese economy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Micron Technology: China probes US chip maker for cybersecurity risks as tech tension escalates | CNN BusinessChina has launched a cybersecurity probe into Micron Technology, one of America's largest memory chip makers, in apparent retaliation after US allies in Asia and Europe announced new restrictions on the sale of key technology to Beijing. No surprises here then. America has already been shown to be untrustworthy aka Snowden disclosures.
Source: cnni - 🏆 326. / 59 Read more »

GM plans to phase out Apple CarPlay in EVs, with Google's help | CNN BusinessGeneral Motors plans to phase out widely used Apple CarPlay and Android Auto technologies that allow drivers to bypass a vehicle's infotainment system, shifting instead to built-in infotainment systems developed with Google for future electric vehicles. I didn't think GM could do more to make ne hate them. I'll ditch my car before I ditch my phone. Well, I’ve bought my last GM car then.
Source: CNN - 🏆 4. / 95 Read more »

Welcome to the era of viral AI generated 'news' images | CNN BusinessThe rise of a new crop of buzzy artificial intelligence tools has made it cheaper and easier than ever to create realistic-seeming images, audio and videos. And these images are likely to pop up with increasing frequency on social media. Wherein cnn is upset that now others can spew fake news… Making it even easier for conartists to con people. True_Allah_Kabir पुस्तक 'फजाईले आमाल ' 99 मुसलमानों की एक विश्वसनीय पवित्र पुस्तक है जो हदीसों में से चुनी हुई हदीसों का प्रमाण लेकर बनाई गई है। फजाईले आमाल में एक अध्याय फजाईले जिक्र है। उसकी आयत नं. 1, 2, 3, 6 तथा 7 में कबीर अल्लाह की महिमा है Baakhabar Sant Rampal Ji
Source: CNN - 🏆 4. / 95 Read more »

Starbucks fires Buffalo union worker who 'ignited a movement' to organize | CNN BusinessStarbucks has fired a Buffalo, New York, worker who 'ignited a movement' from one of the first stores in the coffee chain to unionize, Starbucks Workers United said Friday. Starbucks is overpriced and overhyped. It would be better off, letting their managers run the store and not even have a chief operating officer. An outlandish waste of money. Just because you're in the Union does not mean you don't get fired
Source: CNN - 🏆 4. / 95 Read more »