Soho Bund in Shanghai. Photo: Annual Report 2021
Soho Bund in Shanghai. Photo: Annual Report 2021

Soho China’s billionaire founders relinquish top roles to pursue philanthropy after failed bid to sell company

  • Pan Shiyi stepped down as chairman while his wife Zhang Xin gave up the CEO post to pursue arts and philanthropy. Both will remain as executive directors
  • The retreat follows a slump in China’s property market and controversy after the Blackstone Group walked away from a takeover offer last year

Soho Bund in Shanghai. Photo: Annual Report 2021
Soho Bund in Shanghai. Photo: Annual Report 2021
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