On April 25, the official blog of Duoyi Network posted 4 Weibo posts in a row, telling that Chairman Xu Bo transferred more than 800 million yuan for his partner Tang, and then Tang fled with the money, and he is still in arrears of more than 300 million yuan. The incident quickly sparked widespread discussion and attention on the Internet. Just the day before, Duoyi Network was also on the hot search for "stipulating that the bride price of employees marrying wives shall not exceed 100,000 yuan".
As a game company located in Guangzhou, the company's official website shows that the company has more than 3,000 employees, is one of the "Top 10 Chinese Games", and has been listed among the top 100 Internet companies in China for nine times. It has a number of games such as "Phantom Tang Zhi" and "Dream World 3".
The game boss with a net worth of 27.5 billion yuan said:
was swept away by his ex-girlfriend for 300 million yuan
Xu Bo is quite famous in the game circle. Prior to founding TOEIC Network, he worked for NetEase. In July 2006, Xu Bo founded Kingsoft Duoyi (later Duoyi Network) and led the success of the "Shenwu" series of online games.
According to the enterprise investigation, there are currently 9 affiliated enterprises under Xu Bo's name, of which 8 are in existence. On the 2024 Hurun Global Rich List, Xu Bo ranks 900th on the list with a wealth of 27.5 billion yuan.
According to information released by Duoyi Network, Xu Bo said that he and Tang met on a blind date website at the end of 2009, and the two gave birth to a daughter in June 2011, but they were not married. (Xu Bo said that Tang gave evidence of 13 children, only 2 of which were born together, while the other 11 were born to Tang who received sperm donation abroad.) ）
Xu Bo said that between 2012 and 2018, he successively transferred 819 million yuan to Tang through his bank account (this does not include other domestic and foreign assets). At the time of the transfer, Xu Bo remarked "loan" or "jiekuan" in the 419 million yuan, and Tang did not have any objection to the remarks of the loan when he received the payment. Xu Bo said that these transfers did not include various expenses he spent for Tang, and in addition, Tang also held various other assets at home and abroad on behalf of Xu Bo, with a total value of more than 1 billion yuan.
Xu Bo said that Tang illegally abandoned and abandoned all his children in 2022 and fled with the money. Xu Bo said that after that, Tang transferred 515 million yuan back to him, but there were still more than 300 million yuan that had not been returned, and other assets held on behalf of him had not been returned.
According to the legal litigation information, the private loan dispute case between Xu Bo and Tang was opened in March this year, and the plaintiff was Xu Bo.
Two failed attempts at an IPO
According to the official website of Duoyi Network, Duoyi Group has been listed among the top 100 Internet companies in China for 10 times, and has developed and released well-known game IPs such as "Fantasy Tang Zhi", "Dream World" and "Gun Rebirth". At the same time, Duoyi Group is the "Guangdong Province Copyright Industry Demonstration Base", which has a large number of core intellectual property rights such as patents, copyrights and registered trademarks. According to the company's information, the chairman of Guangzhou Duoyi Network Co., Ltd. is Xu Bo, whose shareholding ratio is 99.5%.
According to its official website, Duoyi Network has 9 terminal games and 18 mobile games. Its mobile game Shenwu (renamed as "Fantasy Tang Zhi" in 2023) has twice been rated as one of the "Top Ten Most Popular Online Games" by the China Game Billboard. On January 26 this year, the National Press and Publication Administration released the approval information of domestic online games in January, and Duoyi Network's "Alien Guardian" also appeared in the approved list of edition numbers.
The game is doing well, and the earning power of Duoyi Network should not be underestimated. According to the previous public data, in the three years of 2015~2017, the revenue of Duoyi Network reached 1.629 billion yuan, 1.552 billion yuan and 1.934 billion yuan respectively, and the net profit in the same period was 1.04 billion yuan, 840 million yuan and 1.007 billion yuan respectively, and the gross profit margin was as high as 98%. Even if the game industry is famous for "attracting money", the performance of Duoyi Network can be regarded as a leader.
But at the same time, in the capital market, Duoyi Network is not optimistic. In 2016 and 2018, Duoyi Network tried to IPO twice to land on the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, but both failed.
Source: Daily Economic News Editor: Hu Yiyi Editor: Lai Ting Review: Lu Hongmei
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