Beijing is making a spectacle of Capvision, whose shareholders and investors include a network of remarkably high profile and state-connected individuals and companies. Why?
Illustration by Sam Ward
In the corner of the Shanghai office, three heart-shaped balloons float silently over rows of empty desks. Laptops sit half-opened, full cups of coffee beside them, and jackets hang on chairs.
The images, shown earlier this month on China’s state broadcaster, China Central Television (CCTV), imply that the office had been teeming with activity just hours before, but that the employees had to leave in a hurry. With interviews from anonymous whistleblowers and uniformed state security officer
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