HONG KONG — Xiao Jianhua, the Chinese Canadian billionaire and onetime trusted financier to China’s ruling elite, was sentenced to 13 years in prison on Friday, and his company fined $8 ...

Chinese-Canadian tycoon Xiao Jianhua was sentenced Friday to 13 years in prison, more than five years after the billionaire was abducted from a hotel room in Hong Kong and taken to mainland China.

A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ...