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Wang Sicong – A Name Linked To Money!

Wang Sicong — national husband, son of the richest man, e-sports investor, secretary of the discipline inspection commission of the entertainment industry, etc., his appearance has always been in line with this era of prevalent consumer culture. But Wang Sicong, who has always been a high-profile figure on social networks, has been playing deep and silent in 2019. In the past six months, he hasn’t updated a single micro blog, and his homepage is even set up to “only show the micro blog within six months”.

Wang Sicong - A Name Linked To Money!
Wang Sicong – A Name Linked To Money!

Wang Sicong seemed to stop laughing and cursing, but his new title did not stop. On November 6, Wang Sicong, “husband”, was renamed “Lao lai”. Although it was once again about money, this time, Wang Sicong, like his weibo homepage, was left blank.

Last November, Wang Sicong was the headmistress of the school. He won the IG scene, eat a hot dog, hog the media focus, public attention.

To celebrate IG’s victory, he took to weibo to celebrate and draw the lottery four times. Each of the 113 people on the first draw received 10,000 yuan in cash. A tweet, retweet broke a million, overnight retweet broke ten million. While Wang Sicong’s craziness and happiness are still vivid in his memory, the 31-year-old Wang Sicong has quietly become a “laolai” in 2019.

Wang Sicong - A Name Linked To Money!
Wang Sicong – A Name Linked To Money!

But before we get too surprised, we have to ask: is Wang Sicong really an old lai? It’s not. There is still a step between Wang Sicong and laolai. It is accurate to say that Wang Sicong is the “person subject to execution”. Wang Sicong was listed as an executioner by the Beijing no. 2 intermediate people’s court on Nov. 4, with a target of 151,437,840.0 yuan, or 150 million yuan in short, according to the China executive information disclosure website.

So, what is an “executed person”? A person as a defendant and lost, need to lose money, the plaintiff applied for court enforcement, the court went to the defendant account to take money. When entering the execution procedure, the defendant who needs to assume the corresponding execution obligation is the “person subject to execution”.

Is the person subjected to execution the laolai? After entering the execution, the defendant transferred the property and refused to pay. At this time just called “breach of trust by the execution”, is commonly known as “laolai”. A typical example is the Letv jia yueting. If the defendant does not have the money to pay back the money, it will become a “high-cost executor”, which can include not flying first class, not staying in five-star hotels and so on. Luo yonghao, who received the news a few days ago, belongs to this situation. That is to say, today, if Wang Sicong, as the person subject to execution, wants to become an old lai, then he needs to “break his promise”, need to appear malicious concealment, transfer property, take play disappear and other means. But at present, Wang Sicong is only the person who is executed, neither jia yue-ting nor luo yonghao.

Wang Sicong - A Name Linked To Money!
Wang Sicong – A Name Linked To Money!

When Wang Sicong entered the chaotic e-sports industry and laid out his e-sports empire, tencent quietly played a big game in 2016 — launched league of legends and became the organizer of e-sports events. Tencent in esports ecological layout. The greatest enemy is at the gates. Against tencent, four years ago, Wang Sicong announced the launch of his PandaTV live game platform on weibo, where he is the CEO.

Relying on Wang Sicong’s own flow, and at the same time in the dividend period of live broadcast, the panda live broadcast broke out of the siege, and basically formed a three-way confrontation with douyu and tiger tooth. The crisis soon became apparent in 2018. In March 2019, the company declared bankruptcy due to chaotic management, shortage of financial chain, unpaid salary of anchors, factional conflicts and money burning from outside. The demise of panda live is just the beginning for Wang Sicong. One is the banana project, which was created by Wang Sicong and mainly aimed at the entertainment industry. As the executedperson, Wang Sicong needs to pay 68.5 million yuan in subscribed shares in four of his companies. The other is Shanghai crystal lychee entertainment culture co., LTD., founded by Wang Sicong and actor Lin xinsheng, whose 8 million yuan stake was frozen.Then, in 2019, he suffered three “equity freezes”. The first and second “freezes” took place on the same day, July 14, and were both for three years. The third “freeze” occurred three months after the first two. Puth capital, of which Mr Wang is chairman and owns 100 per cent, suffered a freeze in October.

Negative information like dominoes in Wang Sicong constantly happened. According to statistics, Wang Sicong actually controlled as many as 108 companies, with more than 900 peripheral risk tips. Many companies entered the liquidation process, or were listed as trustworthy companies by the Supreme People’s Court, or were frozen by the court.

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