China Detains Chiefs of Troubled HNA Amid Xi Wider Crackdown
- Chen Feng, Tan Xiangdong held in Hainan over suspected crimes
- HNA was a giant in heyday of China’s free-spending dealmakers
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The chairman and CEO of China’s HNA Group Co. were detained by police, the latest twist in the saga of the once high-flying conglomerate whose debt-fueled acquisitions became an early symbol of the corporate excess now firmly in Beijing’s sights.