Four years ago, Jack Ma was poised to become one of the richest globally, while Xiao Jianhua faced detention on bribery charges, yet the two billionaires were connected through hidden investments worth at least $1 billion.
Xiao Jianhua's company Tomorrow Group secretly secured shares in Jack Ma's companies over five years, with these dealings undisclosed to the public; this illustrates China's unique capitalist landscape where well-connected entrepreneurs and fundraisers may operate separately.
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