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Red Roulette By Desmond Shum

Red Roulette by Desmond Shum

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Summary

An insider's story of wealth, power, corruption and vengeance in today's China

Red Roulette Summary

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

In the headline-making and bestselling tradition of Bill Browder's Red Notice comes a riveting memoir from a man who rose within the ranks of China's ultra-rich only to see his business partner-wife mysteriously disappeared.

After the Communist Revolution, Desmond Shum's grandfather, a lawyer, had one chance to leave China, and instead chose to stay. The government shut down his law firm and seized his house. Officials marked his family as belonging to a 'black category' that included former landlords and rich peasants, meaning the Shums would be stigmatised and impoverished. As Desmond was growing up, he vowed his life would be different.

Through hard work and sheer tenacity Shum went to college in America and returned to China to make his name in business. There, he met his future wife, the highly intelligent and equally ambitious Whitney Duan. Whitney and Desmond formed an effective team and, powered by a set of relationships they formed with top members of the Red Aristocracy, vaulted into China's billionaire class. Soon they were developing the massive air cargo facility at Beijing International Airport, and they followed that by developing one of Beijing's premier hotels. They were dazzlingly successful, travelling in private jets, funding multi-million-dollar buildings and endowments, and purchasing expensive homes, vehicles and artwork.

But in 2017, their fates diverged irrevocably when Desmond, while living overseas with his son, learned that his now ex-wife Whitney had been disappeared - consigned to some unknown fate - along with three co-workers.

In Red Roulette Desmond Shum pulls back the curtain on China's ruling elite and tells the story of a remarkable woman who rose to prominence in a strongly patriarchal society. Written from a desire to reveal the real truth of what is happening inside China's wealth-making machine, this eye-opening tale features a memorable cast of real-life characters.

About Desmond Shum

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 and he's a Henry Crown Fellow of The Aspen Institute.

Additional information

NGR9781398509900
9781398509900
1398509906
Red Roulette: An Insider's Story of Wealth, Power, Corruption and Vengeance in Today's China by Desmond Shum
New
Hardback
Simon & Schuster Ltd
20210907
320
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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