Zheng Gang Rejects Luo Yonghao’s Apology Demand, Declares HeWon’t Apologize Even for 150 Billion Yuan

BEIJING – Zheng Gang, a prominent Chinese investor and founder of the investment firm, Zheng Gang Capital, has publicly rejected a demand forapology from popular Chinese entrepreneur and influencer, Luo Yonghao. In a statement posted on social media, Zheng Gang declared that he would not apologize, even if offered150 billion yuan (approximately $21.3 billion USD).

The dispute stems from a series of public disagreements between the two figures, beginning with Zheng Gang’s criticism of Luo Yonghao’s business ventures and financialmanagement. Luo Yonghao, known for his outspoken personality and successful comeback after a period of financial hardship, responded by publicly accusing Zheng Gang of spreading false information and engaging in personal attacks.

The conflict escalated when Luo Yonghao demanded a publicapology from Zheng Gang, threatening legal action if he refused. In a video posted on his social media platform, Luo Yonghao stated that he was willing to offer a substantial sum of money to Zheng Gang if he would apologize publicly.

However, Zheng Gang’s response was resolute. In his statement, he maintained thathis criticisms of Luo Yonghao were based on factual information and that he had no intention of apologizing for expressing his opinions. He further emphasized that his decision was not motivated by financial gain, stating that even 150 billion yuan wouldn’t change my mind.

Zheng Gang’s stance has sparked a waveof discussion and debate across Chinese social media platforms. Some users have praised Zheng Gang for his principled stand, while others have criticized him for his unwillingness to compromise.

The conflict between Zheng Gang and Luo Yonghao highlights the increasing tensions within China’s business and media landscape. As the country’s economy continuesto grow and evolve, competition between entrepreneurs and investors has intensified, leading to more public disputes and controversies.

Background on Zheng Gang and Luo Yonghao:

  • Zheng Gang is a well-known investor and entrepreneur in China. He is the founder of Zheng Gang Capital, a venture capital firm focused ontechnology and consumer goods. Zheng Gang is known for his sharp investment acumen and outspoken criticism of companies and individuals in the business world.
  • Luo Yonghao is a popular Chinese entrepreneur and influencer. He is best known for his technology company, Smartisan, and his successful comeback after facing financial difficulties. Luo Yonghao is known for his charismatic personality and his ability to connect with audiences through social media.

Implications of the Conflict:

  • Freedom of Speech: The conflict raises questions about the limits of freedom of speech in China, particularly when it comes to criticism of prominent figures.
  • Business Ethics: Thedispute also highlights the importance of ethical conduct in the business world, particularly in the context of online communication and public discourse.
  • Social Media Influence: The conflict underscores the growing influence of social media in shaping public opinion and influencing business decisions in China.

The conflict between Zheng Gang and Luo Yonghao is likely tocontinue to generate discussion and debate in the coming weeks and months. The outcome of the dispute will have implications not only for the two individuals involved but also for the broader Chinese business and media landscape.

【source】https://36kr.com/p/2926827811035783

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