Chinese game-streaming mogul arrested in latest CEO probe

Chinese police have arrested DouYu International Holdings’s founder Chen Shaojie, the latest in a series of executive detentions that have chilled the country’s giant private sector.

Police from the southwestern city of Chengdu detained the game-streaming tycoon on or around November 16, DouYu disclosed in a statement Tuesday, revealing his plight weeks after reports surfaced the chairman had gone missing.

Chengdu police said it had arrested and charged a person surnamed Chen with hosting gambling without fully identifying the defendant in a post on its official Weibo account on Wednesday. Xinhua and other official media then reported on the case using the hashtag “DouYu CEO’s Arrest.”