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

December 31, 2021
Source: scmp.com scmp.com
News Snapshot:
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 the four companies, two are related to Giant Network Group, the video game company founded by Shi. The frozen assets include 2.78 million yuan in Zhuhai...
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