News: Former Beijing Cultural Investment Development Group Co. (BCID) General Manager Dai Zigeng (戴自更) is currently under investigation.
Quick Take: Before joining BCID, Dai had previously worked his entire career in the local party mouthpieces. He started his career in Guang Ming Daily, a CCP-run national newspaper in 1988 to 2006. Since 2003, Dai also took the editor-in-chief position of The Beijing News, one of the first non-party-run newspapers published in multiple regions. Dai was in charge of The Beijing News until August 2017, when he became BCID’s Vice Chairman and Deputy Manager. Dai’s ouster is very likely related to Wu Xiaohui (吴小晖), former Anbang Group Chairman brought down in June 2017 due to corruption and political wrongdoings—The Beijing News under Dai’s leadership worked hard to clear Wu’s name months before Wu’s arrest. Rumor also suggests that a fund was set up by Anbang under The Beijing News, of which Dai served as a legal person.