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on september 9, luo yonghao posted a long article on weibo, responding to and clarifying the seven unsolved mysteries of "true return" and responding to zheng gang's previous questioning remarks.

first, we would like to clarify that smartisan technology’s nearly 1 billion yuan in series d funding was spent in one year.luo yonghao said that in smartisan technology's last round of financing, series d, there was not 1 billion yuan in financing, but only 600 million yuan was received in the end, including 300 million yuan in investment and 300 million yuan in loans.

image source: visual china vcg111324808154

luo yonghao said that the media had previously reported on the 1 billion yuan because he had also received an investment intention agreement from another institution that year, which promised to invest 400 million yuan in us (this promise had no actual binding force), but in the end the 400 million yuan investment did not actually occur, so the total was only 600 million yuan.

in addition, regarding the 24.76 million yuan owed by smartisan technology to luo yonghao, luo yonghao said,in the past few years, smartisan technology has paid back hundreds of millions of yuan through live e-commerce, and of course it has no intention of taking the 20 million yuan back.i will give the company a written voluntary waiver statement later.

as for the three questions, "luo yonghao, did you pay back the 824 million yuan in real money?", "luo yonghao, did you pay back the 548 million yuan at a discount?", and "luo yonghao, can you make public the debt repayment data list and bank flow details, as well as the tax payment certificate?" luo yonghao said that they were basically the same thing. the debt repayment list and bank flow details issued by the bank will be published online later.

on the morning of august 26, luo yonghao officially released his previously pre-announced "important article" on his personal weibo account. the full text is about 15,000 words, and is combined with a video to respond to recent external controversies, such as how "more than 600 million" became 1.3 billion.

luo yonghao said that so far,in fact, "zhen huanchuan" repaid a total of 824 million yuan, far exceeding the "debt of more than 600 million yuan" previously announced to the public.the main reason is that during the debt repayment process, due to additional compensation caused by various lawsuits and disputes, as well as various fines caused by overdue payments, the total debt increased by nearly 100 million. in addition, some situations that occurred at the end of 2022 also generated new debts.

the main points are as follows:

1. so far, "zhen huan chuan" has actually repaid a total of 824 million yuan

the 824 million yuan of debts that have been repaid include:

1. started a live streaming e-commerce company in april 2020, and repaid debts of 548 million yuan with real cash after tax;

2. rmb 180 million from the transfer of the mobile phone team and intellectual property rights to bytedance in 2018 (previously announced on social media);

3. in 2018, after smartisan technology’s funding chain was cut and production lines were shut down, i signed a personal unlimited guarantee to allow the factory to resume operations, and used the remaining materials to make complete machines to pay off the 66 million yuan debt;

4. from 2018 to the end of 2019, smartisan technology's debt settlement team sold smartisan technology's remaining assets in various ways to repay debts of nearly rmb 30 million.

2. regarding the newly added 600 million yuan debt

when smartisan technology raised funds, it received 300 million yuan in state-owned capital investment and 300 million yuan in loans, totaling 600 million yuan. when the "true return" began in 2018, this part of the debt would not be incurred until four years later.

luo yonghao decided: before the actual date of the state-owned capital debt, just like the first season of "true return", he once again took the initiative to give up debt restructuring negotiations (generally speaking, the principal repayment rate of debt restructuring when chinese companies go bankrupt is about 10% to 30%), and directly promised the state-owned capital creditors: in addition to the 300 million yuan of loans, the 300 million yuan of investment losses will also be treated as debts, and we will repay 100% of the 600 million yuan principal in cash. in fact, this part of the debt has been quietly repaid for more than a year, and will be fully repaid in the next few years.

3. abandon the "silent repayment" plan that has been implemented for more than a year and resume social media operations and updates

luo yonghao also said, "my team and i will go all out and stir up trouble.use all legal, compliant and business-ethical means to "hype" the situation, work at full capacity to increase cash income in various ways, and repay the remaining 500 million yuan of debt as soon as possible.”

the things luo yonghao will do immediately include but are not limited to:

1. fully resume the update and operation of social media accounts, this time operating on nine online platforms simultaneously;

2. partially resume the recording of variety shows;

3. fully resume accepting commercial advertisements and endorsements;

4. partially resume the business of hosting weddings and funerals;

5. fully resume inviting cultural celebrities and film and television stars to the live broadcast room to communicate and promote products;

6. fully resume the creation of the commercial comedy blockbuster and serious documentary "true return" with the same name.

the weibo platform shows that the "luo yonghao's rumor-refuting account" that was previously registered due to the need to dispel rumors after announcing his retirement from the internet has been renamed "luo yonghao·niu hulu". at the same time, the weibo account posted a message on the 22nd, indicating that a heavy article of about 15,000 words will be published next monday (26th), accompanied by a personal "photo of concubine xi returning to the palace."

on the 22nd, luo yonghao replied to netizens, "it's been more than two years... with these 15,000 words, i will return to the social media world, open accounts on nine platforms in total, and go all out..."this means that after the end of "true return", luo yonghao may "return" to the social platform again.

tianyancha app shows that luo yonghao is associated with more than 30 companies, 10 of which are in existence or in operation. in addition to holding shares and serving in smartisan technology-related companies such as smartisan technology (chengdu) co., ltd., beijing smartisan digital technology co., ltd., and chengdu yewang digital technology co., ltd., he also holds shares in partnerships such as guangzhou gaide paihang information technology co., ltd., beijing elephant landian technology co., ltd., and beijing yunshang zhuozhi consulting center (limited partnership).

image source: tianyancha app

image source: tianyancha app

tianyan risk information shows thatluo yonghao and his affiliated companies have been subject to compulsory execution and high-consumption restrictions many times, but the above information has been removed by the court. currently, there is no execution information or consumption restriction order under luo yonghao's name. however, there is still some equity freeze information under his name that has not been lifted.

luo yonghao's past entrepreneurial history is rich and colorful, covering multiple fields such as education and training, technology products, social networking platforms, and live streaming. in 2000, luo yonghao entered new oriental to teach english with a high school degree and began his career. in 2006, luo yonghao founded the social networking platform niubo.com. in 2012, luo yonghao founded smartisan technology and entered the smartphone industry. smartisan technology has launched a number of mobile phones and related products, but the development has not been smooth sailing. after a series of events such as product launches, equity pledges, equity freezes, business plan adjustments, and restrictions on consumption, smartisan technology ultimately failed to achieve the expected success in the market, but instead owed huge debts. in 2020, riding on the east wind of live streaming, luo yonghao still relied on his personal charm and influence to enter the live streaming industry, selling products through live streaming to repay debts.

after the debt was basically paid off, in june 2022, luo yonghao suddenly announced through his personal weibo that he would start a business again, "tomorrow i will officially quit weibo and all social platforms." the weibo account was then renamed "make friends live room" and given to make friends. however, in order to clarify rumors, luo yonghao opened a new weibo account "luo yonghao's rumor refuting account" in july 2022 to clarify rumors.

in 2023, luo yonghao announced the establishment of a new company "thinredline" to enter the ar field, which marked that he once again embarked on the entrepreneurial journey. in the establishment of thinredline technology, luo yonghao showed his passion for the technology industry and his judgment of future trends. he believed that ar is the next generation computing platform and planned to invest a lot of resources in long-term research and development.

this time, while announcing his return to the social platform, "luo yonghao's rumor-busting account" was renamed "luo yonghao·niu hulu", which quickly attracted widespread attention from the public and the media.

daily economic news compiled luo yonghao's personal weibo account and public information

disclaimer: the content and data in this article are for reference only and do not constitute investment advice. please verify before use. you will be responsible for your own risks if you act accordingly.

daily economic news