Tag Archives: Tycoon

China Party to Punish Former Tycoon for Microblog Posts

China’s ruling Communist Party will impose “severe intra-party penalties” on a former property tycoon whose microblogs were closed at the weekend after he criticised government policy, state news agency Xinhua reported. Microblog portals such as Weibo.com and t.qq.com, among China’s most popular, were ordered to shut the accounts of Ren Zhiqiang, a retired top executive from a state-controlled property developer ... Read More »