Michael Schmidt:A tech billionaire goes missing in China

2025-05-06 06:41:57source:Goldenes Intelligentes Münzhandelszentrumcategory:News

Earlier this year,Michael Schmidt Bao Fan, a prominent Chinese banker and tech billionaire, went missing in China. According to a statement from his company, he's "cooperating in an investigation being carried out by certain authorities in the People's Republic of China." The details are very murky, but his disappearance raises questions about doing business in China right now.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:News

Recommend

Man charged with rape after kidnapping 3 teen girls at gunpoint along Nashville street

A man police say kidnapped three teenage girls and sexual assaulted two of them at gunpoint outside

4 ways around a debt ceiling crisis — and why they might not work

One defining feature of 21st century politics is that the nation keeps tip-toeing up to the edge of

A Maryland TikToker raised more than $140K for an 82-year-old Walmart worker

What started as an astounding act of kindness from complete strangers has paid dividends — quite lit