When China Renaissance listed in Hong Kong in 2018, it was the culmination of years of success in the rise of mainland China’s tech industry. Mr Bao, in his early 50s, began his career as a merger and acquisition banker at Morgan Stanley and Credit Suisse, and later worked as head of strategy at AsiaInfo Technologies, a company providing software solutions to Asian enterprises and listed on the Nasdaq exchange in 2000. In 2005, he launched China Renaissance to capitalise on the fast-growing tech industry. His success stemmed in part from personal relationships with many of China’s future tech billionaires,...