Tycoon's sentence is reduced

Businesswoman's death penalty for illegal activity cut to 25 years

Wu Ying, a former business tycoon, had her suspended death sentence reduced to 25 years in prison at a local court in Zhejiang province on Friday.

Wu, previously the owner of Zhejiang-based Bense Holding Group and once one of China's richest women, was sentenced to death in 2009 for illegal fundraising. Her case triggered huge public attention as there was divided opinion on whether she deserved death for the crime.