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Exclusive | Source confirms missing tycoon is in mainland China, not ‘receiving treatment overseas’

Latest information contradicts front-page newspaper ad in businessman Xiao Jianhua’s name

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Why you can trust SCMP
Tycoon Xiao Jianhua was last seen at a luxury Hong Kong hotel on Friday. Photo: Handout

A source close to missing billionaire Xiao Jianhua told the South China Morning Post that the tycoon is currently in mainland China.

The source, who declined to be named because of the sensitivity of the matter, said Xiao could communicate only with his family.

“His family members can communicate with him. That’s not bad, at least we know he is safe and well.”

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The latest information about Xiao contradicted an advertisement in his name that appeared on the front page of a local Chinese newspaper on Wednesday morning.

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Refuting earlier media reports that said he had been arrested in Hong Kong, the full-page statement printed in Ming Pao denied that Xiao had been “captured” and taken back to the mainland. It claimed the tycoon was “currently receiving treatment overseas” and would “meet the press very soon after the treatment is finished”.

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