Source: South China Morning PostHe Xin, the son-in-law of Phoenix Media Investment Holdings Limited’s founder Liu Changle, has been detained by Chinese police in Hainan province for his role in a collapsed peer-to-peer lending platform.He, the controlling shareholder of Phoenix Zhixin Information Technology (Haikou) was detained, as he was suspected of illegally accepting deposits from the public, according to a May 5 announcement by the Hainan provincial capital’s police, which identified him only by his surname. He, who…Read More