Tag: China Renaissance Group

Bao Fan, Missing Chinese Banker, Resigns After Investigation

Media Library

After disappearing nearly a year ago as part of an investigation by Chinese authorities, prominent investment banker Bao Fan has resigned as chairman and chief executive of China Renaissance Holdings, the company said on Friday. Mr. Bao, a deal-making banker for Chinese internet giants Alibaba and Tencent, went missing last February. China Renaissance initially said it had lost contact with Mr. Bao before later stating that he was cooperating with an investigation being carried out by the authorities in China. Mr. Bao’s disappearance signaled an escalation in Beijing’s crackdown on…

China’s Tech Rainmaker Vanishes, and So Does Business Confidence

Chin@Strategy

On Valentine’s Day in 2015, two of China’s biggest ride-hailing start-ups, one backed by the tech giant Alibaba and the other by Tencent, announced they would merge after burning through hundreds of millions of dollars in a price war. Brokering the deal, while managing the egos of combative founders and investors, was Bao Fan, the rainmaker of China’s tech industry. His company, the investment bank China Renaissance, went on to advise and invest in many of China’s most successful tech companies, taking them public in Hong Kong and New York.…

Bao Fan, Star Banker, Goes Missing in China

Chin@Strategy

Bao Fan, a renowned investment banker in China, has disappeared and is unreachable, raising concerns that Beijing’s crackdown on the country’s business elite is continuing. In a filing to the Hong Kong Stock Exchange on Thursday, China Renaissance Holdings said that it has been unable to contact Mr. Bao, the company’s chairman and chief executive. China Renaissance said its board was “unaware” of any information that indicated his disappearance was tied to the company’s operations. The company’s share price plunged on the news, falling 28 percent on Friday. The disappearance…