Huang Guangyu

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Founder of China’s Gome Loses Key Vote

Huang Guangyu, the imprisoned former chairman of Gome Electronics, has apparently lost the power struggle to maintain control over the company. From Caixin: Four proposals by Huang Guangyu, the imprisoned founder and the largest...

Huang Guangyu’s Farewell Letter

Huang Guangyu, the disgraced former chairman of Gome Electronics, has written a farewell letter as he begins his 14 years in prison, the Wall Street Journal reports: The founder of China’s second largest retailer, GOME, wrote a...

Gome Chair: Gome Doesn’t Belong to Huang

Gome Chairman Chen Xiao speaks with Caixin about Huang Guangyu, investment by Bain Capital, and more: After Huang was detained, I was appointed as acting chairman of the board. At the time, the company was facing great risks as...

China Appliance Chain Gome Sues Jailed Founder

Huang Guangyu, former Chairman of Gome Electronics and China’s richest person who is serving a 14-year prison sentence for bribery and other crimes, is now being sued by his former company. From AP: Gome Electrical...

China Gome Tycoon Huang Guangyu Charged with Bribery

Billionaire Huang Guangyu, charged with bribery and insider trading, will soon stand trial: He was arrested on suspicion of share manipulation in November 2008, a month after he had been labelled China’s richest man. He...

China Tycoon Huang Investigated For New Crimes

From Reuters: Huang Guangyu, once China’s richest man before falling from grace for alleged stock market manipulation, is being investigated on suspicion of committing new crimes, Beijing prosecutors said on Thursday....

Gome Case Highlights Cross-border Difficulties

The Financial Times gives an update on the case against tycoon Huang Guangyu, who is being investigated both in Hong Kong and on the mainland. The court in Hong Kong is having difficulty proceeding with the case as access to...

Politics Permeates Anti-Corruption Drive in China

The New York Times writes about several recent high-profile corruption cases in China: Chinese authorities say the arrests are part of the Communist Party’s latest anticorruption campaign — and they include the arrest last month...

China Launches War On Graft In Boom City

From AFP: China has launched a sweeping crackdown on graft in the boom city of Shenzhen, just north of Hong Kong, seeking to rein in unruly officials and soothe public anger over high-level vice, analysts said. The campaign,...

Shenzhen Mayor Faces Graft Probe

From BBC News: The mayor of China’s southern boom town of Shenzhen, Xu Zongheng, is being questioned as part of a corruption investigation, state media has said. He is the latest official to be caught up in an...

Chinese Mayor in Graft Probe

The Straits Times reports that the mayor of Shenzhen is being investigated for his ties to disgraced businessman Huang Guangyu: Xu Zongheng had been put under shuanggui – a form of detention imposed on party officials,...

Corruption Taints China’s Police Heroes

Wu Zhong of the Asia Times reports on the wide reach of corruption in last year’s Gome case: It was inevitable in today’s China that some corrupt officials would be exposed as the result of an investigation into a...

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