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From factory manager to Chinese mogul: 'Ip Man 3' financier Shi Jianxiang draws scrutiny

From factory manager to Chinese mogul: 'Ip Man 3' financier Shi Jianxiang draws scrutiny

With a fortune estimated at $780 million and ranked No. 746 on the Hurun Report’s 2015 “China Rich List,” “Ip Man 3” financier Shi Jianxiang has set his sights on becoming a movie mogul.

The former boss of a lighting factory and now head of a conglomerate called Shanghai Kuailu Investment Group, Shi attended the Academy Awards last week, walking the red carpet in a striking white suit and throwing an Oscar party where he was photographed alongside stars including Adrien Brody.

In addition to putting up funds for “Ip Man 3,” Shi is bankrolling “The Bombing,” a movie featuring Brody and...

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