$10,000 an Hour Bought Inside Line on China—and Now Risks Jail

HONG KONG—Capvision’s founders brought a lucrative business model to China: matching investors and other clients with inside sources who were paid up to $10,000 an hour for industry intelligence. 

Now, in targeting what claims to be China’s biggest “expert-network” consulting company, authorities threaten not just Capvision but a whole supply chain of information that overseas investors, Chinese banks and foreign businesses have come to depend on.