Most business owners would tell you entrepreneurship is risky. In China it’s another level. Two more senior executives have gone missing, putting this year’s total in double figures. Maybe the American Dream isn’t so bad after all.

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More executives have gone missing in China

Two executives at companies controlled by one of China’s largest shadow banks have gone missing. Dalian My Gym Education Technology, a listed education firm, and Xinjiang Tianshan Animal Husbandry Bio-engineering, a cattle and dairy cow breeder, both said they had lost touch with their respective chairs.

That comes days after Chinese authorities launched a criminal probe into parent company Zhongzhi. Last week, the company told its investors it was insolvent. 

More than a dozen executives have gone missing, faced detention, or been subjected to corruption investigations this year, as China’s President Xi Jinping steps up a regulatory crackdown on companies. Last month, the CEO of live-streaming platform DouYu reportedly became unreachable. The company later said he had been arrested.

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