Chinese billionaire He Xiangjian rescued after kidnappers broke into his villa; five arrested
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A Chinese billionaire, abducted by kidnappers carrying explosives at his home in Foshan, Guangdong province, breaking into his luxury villa in southern China over the weekend has been rescued, according to a report. Founder of Midea Group, He Xiangjian, 77, is estimated to be worth US$25 billion and ranked the 6th richest person in China by Forbes. His company is one of the world’s largest home appliance makers