Apex Exec Freed on Bail in China
The chairman of California electronics maker Apex Digital Inc. has been released on bail by a Chinese court, the U.S. Embassy said Thursday, 10 months after he was detained during a financial dispute with a Chinese television maker.
David Ji was detained in October after Sichuan Changhong Electric Co. said his Ontario-based company failed to pay $467.5 million for televisions that it purchased. The charges against Ji aren’t clear, but Chinese news reports said he was suspected of fraud.
Ji was released on a “bail arrangement” and was in the southwestern city of Chengdu, according to a U.S. Embassy spokeswoman. She said she didn’t know the amount or conditions of Ji’s bail or the date of his release.
Chengdu is the capital of Sichuan province, where Sichuan Changhong is based.
Ji, a Chinese-born U.S. citizen, co-founded Apex in 1999. The company grew into a leading U.S. importer of Chinese-made televisions and DVD players.
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