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Chinese Billionaire Holed Up in UK – The Times

Xu Weiping, the businessman responsible for developing the Royal Albert Docks in east London, is also embroiled in a legal dispute in Britain


Xu Weiping
Chinese billionaire Xu Weiping bought a £5.5 million London home for cash. Photo: Reuters

 

The billionaire behind one of China’s biggest property developments in the West is holed up in London after a Beijing court served him with a travel ban and tough spending restrictions over unpaid debts, The Times in London reported.

Xu Weiping, the businessman responsible for developing the Royal Albert Docks in east London, is also embroiled in a legal dispute in Britain after his former finance director accused his company of fraudulent trading.

Read the full report: The Times

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.