Given that rule of law does not exist in China, it's safe to assume this is politically motivated. Who in the government wants him out of business, and why?
Seems more like a tactical lawsuit, if they win they kill of competition, if they lose - they end up delaying competition and in a market in which things move fast, it may well end up killing this competition.
Also remember China does not have a real bail system. If you get arrested, you are very likely end up in prison directly. You also can be disappeared (better than be suicided) during the process.<p>Edit: No. I wasn't referring to the Epstein case.<p>Also, Chinese police has a habit of using force to rob the corpse of the victim from the family who want to send the corpse to the 3rd party for examination. For example: <a href="https://en.wikipedia.org/wiki/Shishou_incident" rel="nofollow">https://en.wikipedia.org/wiki/Shishou_incident</a>
There is rumor Bitmain (creaters of Antminer, see Ant Financial aka Alipay) was really owned by Jack Ma. Now everything that was Jack Ma is now owned by CCP I would bet Bitmain is the CCP.