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Business & Finance

Chinese App Founder Sells $110 Million in Shares to Pay Taxman

Bloomberg Technology Tuesday 22 September 2026, 06:56 UTC By Dave Sebastian and Julia Fioretti 1 min read
Key Points

A Chinese tech founder sold HK$863 million ($110 million) shares in his company to pay taxes, according to people familiar with the matter, the latest response to a crackdown by Asia’s biggest economy targeting billions in offshore wealth.

A Chinese tech founder sold HK$863 million ($110 million) shares in his company to pay taxes, according to people familiar with the matter, the latest response to a crackdown by Asia’s biggest economy targeting billions in offshore wealth.
Chinese (ORG) Asia (LOCATION)
Originally published by Bloomberg Technology Read original →

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