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Investors spooked by arrest of another Chinese CEO

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Chinese internet company Baofeng Group sees its stocks tumbling by the maximum of 10 per cent on Tuesday for the second straight day after its founder was taken into police custody on suspicion of committing a crime. It's at least the third time within a month that a top Chinese CEO has been brought under police investigation.

Feng Xin, chairman and CEO of the Shenzhen-listed Baofeng Group, has been "placed under coercive measures by the police due to . . .

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