China Business & Economy
Opinion

Fate of China’s Top Billionaires: Shrinking Wealth, Bankruptcy, or Arrest

Fate of China’s Top Billionaires: Shrinking Wealth, Bankruptcy, or Arrest
A general view of Tiananmen Square under rain clouds in Beijing on July 4, 2013. Feng Li/Getty Images
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News Analysis
Amid China’s ongoing economic decline, multiple top Chinese billionaires saw their fortunes greatly diminished, companies went bankrupt, and some were arrested or fled the country.

Billionaire Goes Missing, Company Balance $51.25

On April 3, the court in Beijing announced the bankruptcy of Yinji Entertainment and Media, also known as DMG Media, Chinese media outlet National Business Daily reported.
Mary Hong
Mary Hong
Author
Mary Hong is a former Epoch Times reporter based in Taiwan. She covered China news, U.S.–China relations, and human rights issues.
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