‘Missing’ Chinese billionaire is cooperating with authorities, officials say

China Renaissance Holdings says it was trying to locate Bao and ascertain his location

A top Chinese billionaire tech banker reported missing last week is cooperating with the country’s officials over an investigation, according to his company.

Bao Fan is the founder of China Renaissance Holdings and is a leading dealmaker in China. He is said to be an influential personality in the country, who has worked on major deals that have shaped the online consumer economy.

He was reported missing by his company 11 days ago and had become the latest in a number of China’s executives to have been reported missing in the last few years amid Xi Jinping’s nationwide anti-corruption campaign.