Chinese authorities detain ex-CDH executive Gongquan Wang
Gongquan Wang, founder of CDH Venture Capital, has been detained by Chinese authorities for alleged involvement of New Citizen’s Movement, a civil rights group advocating greater transparency in government. Wang left CDH two years ago.
About 20 police came to Wang's apartment in Beijing at around midday on Friday, Biao Teng, a fellow activist and lecturer at Beijing's University of Politics and Law, told Reuters. The policemen told Wang was wanted for questioning on suspicious of gathering a crowd to disturb order in public places.
Wang is an old friend and supporter of Zhiyong Xu, founder New Citizen's Movement. He has formally arrested last month on a charge of "gathering a crowd to disturb order in public places."
Wang was one of the people who launched a campaign to gather signatures calling for Xu to be released.
Wang, an early-stage investment pioneer with IDG Venture Partners before founding CDH Venture, guided Qihoo 360 to the US markets in March 2011. Barely two months after Qihoo listed on NASDAQ, Wang announced that he was leaving his wife for his mistress and moving to the US.
He broke the news via Chinese microblogging site Sina Weibo, and followed up with an online music video in which he performed an apparently self-penned song called "Ode to Elopement."
Founded in 2006, CDH Venture is part of the CDH Investments umbrella but run by an independent team dedicated to making early and growth stage investments.
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