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Caixin

A fugitive Chinese businessman's high-profile bet in Myanmar

Yatai City development under investigation for illegal cross-border gambling

She Kailun was born in China's Hunan Province, has Cambodian citizenship and is the chairman of Yatai International, which he registered in Hong Kong for $13. (Illustration by Dong Biqi)

A high-profile investment project in Myanmar backed by a reclusive Chinese businessman who has done business under at least four names fell under scrutiny for allegations of illegal gambling operations, bringing to light the investor's shady business history.

At the center of the controversy is an ambitious $15 billion project called Yatai City that aims to turn a quiet Myanmar border village into a Singapore-like business hub, according to public information. The main architect of what's also known as the Myanmar Yatai Shwe Kokko Special Economic Zone is a 38-year-old expatriate Chinese businessman who goes by the name She Kailun and three others, based on Caixin reporting.

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