The shares of Beijing-based Soho China, a premier commercial development company, fell 11% this week after allegations surfaced in China that the company may be involved in money laundering associated with the sale of 41 Soho China properties to Shanxi banking official Gong Aiai for approximately HK$1 billion. Ms. Gong was arrested in China for allegedly using multiple identities to buy the properties. Soho China is the largest property developer in China. The CEO of Soho China is Ms. Xia Zhang, one of the most influential women in business in the world.
