The Party secretary of Hangzhou, Zhou Jiangyong, was placed under investigation on Aug. 21, while reports on his arrest being linked to Alibaba’s financial affiliate, Ant Group, have been denied.
“The Chinese Communist Party (CCP) boss of Hangzhou, Zhou Jiangyong, is suspected of seriously violating discipline and laws and is under investigation and inspection,” the Central Commission for Discipline Inspection (CCDI), announced on the night of Aug. 21.
