BEIJING The billionaire founder of the worlds biggest appliance manufacturer, Midea Group, was held hostage by intruders in his home in southern China but was rescued by police, news reports said Monday. Police received a call Sunday evening that intruders had broken into a home in Foshan, near Hong Kong, the Foshan police department said on its social media account. Midea thanked police in a statement on its social media account but gave no confirmation He Xiangjian was involved. He is Chinas fourth-wealthiest person, with a net worth of 180 billion yuan ($25 billion), according to Hurun Report, which tracks the countrys wealthy. Midea reported 2019 revenue of 280 billion yuan ($32.9 billion).