A look at Xiao Jianhua’s financial empire: the companies involved, what’s happened to them, and what, if anything, remains.
Illustration by Luis Grañena
Five years after he was abducted from his service apartment at the Four Seasons Hotel in Hong Kong, Xiao Jianhua — once one of China’s wealthiest businessmen — has been sentenced to 13 years in prison for financial crimes. But what has happened to his fortune, once estimated at more than $100 billion?
The Chinese financier, who was connected with the highest echelons of the Communist Party, amassed his wealth through the Tomorrow Group, a financial services conglomerate that he helped f
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