Chinese video gaming tycoon Shi Yuzhu has another US$13.4 million in assets frozen in rocky year of crackdowns

//Chinese video gaming tycoon Shi Yuzhu has another US$13.4 million in assets frozen in rocky year of crackdowns

Chinese video gaming tycoon Shi Yuzhu has another US$13.4 million in assets frozen in rocky year of crackdowns

Video gaming tycoon and technology entrepreneur Shi Yuzhu is facing more financial trouble after a Beijing court froze another 85.08 million yuan (US$13.4 million) in shares across four companies, doubling the amount of equity he is forbidden from withdrawing or transferring.The shares have been frozen for a period of three years by the Beijing Fourth Intermediate People’s Court, according to the latest information from Tianyancha, a Chinese business registration and trademark platform.Among…

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By | 2021-12-30T13:00:38+00:00 December 30th, 2021|Business|Comments Off on Chinese video gaming tycoon Shi Yuzhu has another US$13.4 million in assets frozen in rocky year of crackdowns