Feeds

China's richest man disappears

Gome shares suspended

Designing a Defense for Mobile Applications

The chairman of China’s largest electronics retailer, Gome, has disappeared, although some reports suggest he's been detained by the police over alleged financial misconduct at the firm.

Huang Guangyu, who founded Gome Electrical Appliance Holdings in 1987, could not be located today, according to several reports.

Shares in the company have been suspended on the Hong Kong Stock Exchange.

Gome was unable to confirm whether Huang had been detained, the Financial Times reports. Meanwhile, the company said it was “making necessary inquiries” in an effort to “verify the allegations”.

Just last month the Hurun Report, which compiles lists of China’s well-off, said Huang was the wealthiest person in the People’s Republic with a net worth of $6.3bn (£4.2bn).

Chinese financial magazine Caijing reported that Huang was detained today as part of an investigation into the manipulation of shares of SD Jintai, a pharmaceuticals group controlled by Huang's brother, Huang Junqin.

Gome said its operations and relations with suppliers had not been affected by the reports. High profile tech partners include Dell and Microsoft. ®

Application security programs and practises

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
MPs wave through Blighty's 'EMERGENCY' surveillance laws
Only 49 politcos voted against DRIP bill
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.