Wang Sicong, the son of tycoon Wang Jianlin, gained notoriety on Chinese social media for his colourful personal life and playboy lifestyle. Photo: Handout Wang Sicong, the son of tycoon Wang Jianlin, gained notoriety on Chinese social media for his colourful personal life and playboy lifestyle. Photo: Handout
Wang Sicong, the son of tycoon Wang Jianlin, gained notoriety on Chinese social media for his colourful personal life and playboy lifestyle. Photo: Handout

China’s richest tycoons hit by debt defaults, arrests and suicides in 2019 amid tightening regulation

  • A number of China’s wealthiest businesspeople fell from grace in 2019 amid debt defaults, criminal charges and tightening government regulation
  • Beijing is trying hard to assure private businessmen they are valued, but analysts say they will ‘continue to face challenges in the year ahead’

Topic |   China economy
Wang Sicong, the son of tycoon Wang Jianlin, gained notoriety on Chinese social media for his colourful personal life and playboy lifestyle. Photo: Handout Wang Sicong, the son of tycoon Wang Jianlin, gained notoriety on Chinese social media for his colourful personal life and playboy lifestyle. Photo: Handout
Wang Sicong, the son of tycoon Wang Jianlin, gained notoriety on Chinese social media for his colourful personal life and playboy lifestyle. Photo: Handout
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