It’s a dangerous time to be a billionaire in China.
Zhou Chengjian, chairman of Chinese fashion firm, Metersbonwe, has gone missing, according to a report in t he Financial Times.
Chengian is another in long series of influential Chinese people who have vanished in recent weeks and months. It is speculated that these disappearances have to do with a widespread crackdown on corruption in China, as President Xi Jinping looks to continue to consolidate power and root out unscrupulous elites from China’s halls of power.
Last month, Guo Guangchang, known as the “Warren Buffett of China,” went missing as well. When he reappeared, it was said that he had been assisting authorities with an investigation.
Coins2Day‘s Scott Cendrowski reported last month on the recent spate of apparent suicides in China, the latest being Zhang Jianwei, the top discipline official at China National offshore oil Corporation. It is suspected that these events are related to China’s anticorruption campaign as well.
Coins2Day has reached out to Metersbonwe for comment, and will update the story if it responds.
