9781982156152

Red Roulette An Insider's Story of Wealth, Power, Corruption, and Vengeance in Today's China

by
  • ISBN13:

    9781982156152

  • ISBN10:

    1982156155

  • Format: Hardcover
  • Copyright: 2021-09-07
  • Publisher: Scribner

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Summary

“THE BOOK CHINA DOESN'T WANT YOU TO READ.”—CNN​

A riveting insider's story of how the Party and big money work in China today, by a man who, with his wife, Whitney Duan, rose to the zenith of power and wealth—and then fell out of favor. She was disappeared four years ago. News of this book led to a phone call from Whitney, proof that she's alive.

As Desmond Shum was growing up impoverished in China, he vowed his life would be different.

Through hard work and sheer tenacity he earned an American college degree and returned to his native country to establish himself in business. There, he met his future wife, the highly intelligent and equally ambitious Whitney Duan who was determined to make her mark within China’s male-dominated society. Whitney and Desmond formed an effective team and, aided by relationships they formed with top members of China’s Communist Party, the so-called red aristocracy, he vaulted into China’s billionaire class. Soon they were developing the massive air cargo facility at Beijing International Airport, and they followed that feat with the creation of one of Beijing’s premier hotels. They were dazzlingly successful, traveling in private jets, funding multi-million-dollar buildings and endowments, and purchasing expensive homes, vehicles, and art.

But in 2017, their fates diverged irrevocably when Desmond, while residing overseas with his son, learned that his now ex-wife Whitney had vanished along with three coworkers.

This is both Desmond’s story and Whitney’s, because she has not been able to tell it herself.

Author Biography

Desmond Shum, who was born in Shanghai and raised in Hong Kong, was part of a private equity team that invested in the first NASDAQ-listed Chinese technology firm, and he later undertook investments in technology, finance, and real estate in the Greater China region. He developed the largest air cargo logistics facility in China, the Beijing Airport Cargo Terminal. He also led the development of the Bulgari Hotel in Beijing. In addition, starting in the early 2000s, he was an early pioneer of philanthropy in China, gifting extensively both domestically and internationally. He is an Honorary Trustee of Tsinghua University, one of China’s most prestigious universities, and he’s a Henry Crown Fellow of The Aspen Institute. Desmond holds a Bachelor's degree in Finance and Accounting from the University of Wisconsin-Madison in the United States, and is a graduate of the joint-EMBA program of Northwestern University (US) and the Hong Kong University of Science and Technology.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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