The Rise and 90-Minute Fall of a Chinese Tycoon

  • Milk producer’s chairman relied on debt to finance his vision
  • Value of Yang’s stake plunged by $3.1 billion as shares sank

Carson Block Says Huishan Report Started Chain Reaction

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It took more than a decade for Yang Kai to amass one of China’s most celebrated dairy fortunes.

He may have lost it in less than 90 minutes.