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

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

A Chinese tech founder sold HK$863 million ($110 million) of 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.

Source: Bloomberg Tech · Opens in new tab