BEIJING—The billionaire founder of the world’s biggest appliance manufacturer, Midea Group, was rescued by police after being taken hostage by intruders in his home in southern China, news reports said on June 15.
Police received a call June 14 that intruders had broken into a home in Foshan city, Guangzhou Province, near Hong Kong, the Foshan police department said on its social media account. It said five suspects were arrested early on June 15.
