Ex-CDH executive arrested in China

Youxi Chen, a prominent Chinese lawyer who has represented defendants in a number of high-profile political cases, confirmed the arrest via Sina Weibo, a local microblogging site. It is seen as part of a wider tightening of controls on the internet and free speech ahead of a plenary meeting of the Communist Party's Central Committee in November.

Wang has been involved with the New Citizens Movement, a social campaign promoting civil society, rule of law and limits on party officials' power. Eighteen members of the group, including founder Zhiyong Xu, have been arrested or detained since March, Wang signed a letter in July that called for Xu's release.

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 - via Sina Weibo - that he was leaving his wife for his mistress and moving to the US.

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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• Topics
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• China
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• CDH Investments Management