Categories: Asia News

Zhou Chengjian: Metersbonwe Billionaire Goes Missing in China

Chinese billionaire Zhou Chengjian has gone missing, his company confirmed.

Zhou Chengjian of one of China’s biggest fashion chains, Metersbonwe, is the latest in a string of high-profile businessmen in the country to temporarily disappear.

Metersbonwe suspended trading in its shares over his unaccounted absence.

Chinese media reports have speculated Zhou Chengjian has been picked up by the police as part of Beijing’s anti-corruption drive.

Zhou Chengjian has been named as China’s 62nd richest person by wealth publisher Hurun, attributing a fortune of $4.1 billion to him.

Starting out as a tailor, he built Shanghai-based Metersbonwe into one of China’s biggest and best-known clothing companies.

A company statement said it could reach neither the chairman nor his secretary.

Metersbonwe also halted trading of its shares “to protect investors’ interests”.

Zhou Chengjian’s disappearance comes only weeks after Guo Guangchang, chairman of private sector conglomerate Fosun, temporarily went missing.

Fosun operates in sectors from steel and mining to pharmaceuticals. In 2015 it acquired the French vacation resort company Club Med.

Chinese media reports on links between the disappearance of businessmen and the authorities sweeping anti-corruption campaign remain unconfirmed.

In the case of Guo Guangchang, he reappeared after several days and according to his company had been “assisting in certain investigations carried out by judiciary authorities”.

Diane A. Wade

Diane is a perfectionist. She enjoys searching the internet for the hottest events from around the world and writing an article about it. The details matter to her, so she makes sure the information is easy to read and understand. She likes traveling and history, especially ancient history. Being a very sociable person she has a blast having barbeque with family and friends.

Recent Posts

Donald Trump and Elon Musk Celebrate Election Victory at UFC 309

Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…

5 days ago

White House 2024: Donald Trump Wins, Kamala Harris Calls Him to Concede Election

Millions of voters across the US chose to return Donald Trump to the White House…

2 weeks ago

Who Won? Donald Trump Declares Victory as He Addresses Jubilant Supporters in Florida

Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…

2 weeks ago

Stocks Soaring as Donald Trump Closes in on US Victory

Stocks around the world are rising as Donald Trump appears to be on the cusp…

2 weeks ago

Who Won? Kamala Harris Cancels Election Night Party as Path to Victory Narrows

Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…

2 weeks ago

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

2 weeks ago