Luo Yonghao accused of major tax evasion by investor Zheng Gang; denies allegations
On September 28, 2024, investor Zheng Gang publicly accused Chinese entrepreneur Luo Yonghao and his company Jiaogepengyou of major tax evasion, alleging use of shell companies and dissolved limited partnerships. Luo denied the claims, calling them false accusations, and stated he has collected evidence. He noted Zheng is a discredited person subject to travel restrictions and may have posted from South Korea illegally. The accusation stems from a long-running dispute over a 15 million yuan loan involving Luo's former company, Smartisan Technology. Tax authorities have not verified the allegations.
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Cross-source coverage
Common ground
- Both sides agree this is a messy personal feud between two wealthy individuals, Luo Yonghao and Zheng Gang, not a simple case of justice versus wrongdoing.
- Both acknowledge that the human cost—unpaid workers and suppliers from Smartisan's collapse—is a real and important issue.
- Both recognize that Western media may use this dispute to paint a negative picture of China's business environment.
- Both agree that neither party is entirely innocent, with Luo Yonghao having a court ruling against him and Zheng Gang being labeled a 'dishonest executee.'
Points of contention
- The Eastern Agent argues China's legal system is working well and can resolve this dispute fairly, while the Regional Agent claims courts are just another tool for the wealthy and don't help ordinary people.
- The Eastern Agent sees this as a private commercial matter best handled through legal channels, while the Regional Agent views it as a symptom of systemic inequality in China's startup culture.
- The Eastern Agent believes high-profile cases strengthen the rule of law over time, while the Regional Agent thinks they distract from the real victims—workers and small suppliers who can't afford legal fights.
- The Eastern Agent focuses on defending China's system against Western criticism, while the Regional Agent says that geopolitical framing ignores the real human suffering on the ground.
Blind spots
- Neither side fully addresses how small suppliers and workers without wealth or social media influence can actually access justice in practice, not just in theory.
- Both overlook the role of social media platforms like Weibo in amplifying private disputes and shaping public opinion, which can pressure legal outcomes.
- The debate doesn't consider whether China's legal system has specific mechanisms to protect vulnerable creditors from powerful debtors, beyond general statements about rule of law.
WorldAttention’s read
This debate boils down to a clash between trust in China's legal system and skepticism about how wealth and power affect it. The Eastern Agent insists the courts can handle this dispute fairly, pointing to Luo Yonghao's previous loss as proof the system works, and warns against letting Western media use the feud to attack China. The Regional Agent counters that the system favors the rich, leaving workers and small suppliers without real recourse, and argues that focusing on geopolitics ignores their suffering. Both agree the human cost matters, but they disagree on whether the solution lies in legal channels or demanding broader accountability. The blind spots are practical: how ordinary people can actually use the system, and how social media and power imbalances shape outcomes. Ultimately, this is a private fight between two wealthy men, but it exposes deeper questions about fairness and access in China's business world that neither side fully answers.
Reporting timeline
Luo Yonghao Denies Tax Evasion Allegations, Says Accuser Faces Legal Risks
On September 28, 2024, Chinese entrepreneur Luo Yonghao faced a public accusation of major tax evasion from Zheng Gang, founder of Zihui Venture Capital and an early investor in Luo's former company, Smartisan Technology. Zheng posted a complaint on social media alleging that Luo used dozens of shell companies and limited partnerships to launder money and evade taxes, some of which have already been dissolved. Luo responded immediately, calling the accusation a false report and stating he has saved screenshots as evidence. He further claimed that Zheng is a discredited person subject to travel restrictions and is currently posting from South Korea, and that the case could lead to criminal charges against Zheng. The article notes that Zheng is a discredited person with multiple court orders against him, including asset freezes and travel bans. The two have a long history of conflict stemming from a failed investment in Smartisan Technology, including disputes over share buybacks and a 15 million yuan loan. The report is based on coverage from Daxiang News.
Investitor Zheng Gang Accuses Luo Yonghao of Tax Evasion, Escalating 15-Year Feud
On September 27, 2025, Zheng Gang, founding partner of Zihui Venture Capital, publicly accused Luo Yonghao and several dissolved limited partnerships under his company 'Jiaogepengyou' of major tax evasion on Weibo. Zheng offered up to 30% of a roughly 300 million yuan recovery as a reward for lawyers and accountants to audit Smartisan's 15-year financial records. Luo Yonghao responded on September 28, calling the allegations slander, stating he has collected evidence, and noting that the post's 250-plus shares are close to the threshold for criminal defamation. Luo also pointed out that Zheng is a dishonest person subject to travel restrictions. The conflict dates back to the Smartisan era, with Zheng publicly criticizing Luo in January 2023. In August 2024, Luo announced he would sue Zheng over a 15 million yuan loan dispute, which a court ruled in Zheng's favor in June 2025. The tax allegations have not been verified by authorities, and both sides threaten legal action.
Read sourceLuo Yonghao Accused of Tax Evasion by Investor; Both Sides Trade Accusations
Zheng Gang, founder of Zihui Venture Capital, filed a real-name report accusing Luo Yonghao and his company 'Jiaogepengyou' of major tax evasion. Zheng claimed Luo used multiple shell companies and limited partnerships to launder money and evade taxes, many of which have been dissolved. Zheng called for top law and accounting firms to audit Hammer Technology's accounts over 15 years, involving about 300 million yuan from Zihui, offering 10-20% of recovered funds as reward. Luo Yonghao responded by accusing Zheng of illegal出境 to South Korea while being a discredited person under a consumption restriction order. Luo stated he has screenshots of the report and warned that false accusations are criminal. He also claimed Zheng's alleged private jet travel to bypass the court order is illegal. Luo predicted that if the case is filed, Zheng could face imprisonment. The conflict stems from earlier disputes over equity repurchase and a 15 million yuan loan after Hammer Technology's collapse.
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Luo Yonghao Accused of Tax Evasion by Former Partner, Denies Allegations
On September 28, a new public conflict erupted between Luo Yonghao and his former founding partner Zheng Gang. Zheng Gang filed a real-name report accusing Luo Yonghao and all his dissolved limited partnership companies of major tax evasion. Zheng called for law firms and accounting firms to audit 15 years of messy accounts, offering up to 30% of the approximately 300 million yuan total recovery from Zihui as a reward. Luo Yonghao responded, calling the allegations a false accusation and stating he has saved screenshots as evidence. He noted that the defamatory post had been shared over 250 times, just 240 short of the threshold for filing a criminal case. Luo also claimed Zheng Gang has been listed as a wanted fugitive and is suspected of posting from South Korea illegally, suggesting such actions could lead to imprisonment. The long-standing conflict between the two centers on a 15 million yuan loan dispute involving Smartisan Technology. In August 2024, Luo said he would sue Zheng, and in June 2025, a court ruling supported Zheng's claim for 6% interest on the loan.
Read sourceLuo Yonghao Accused of Tax Evasion by Zheng Gang, Retorts by Amplifying the Claim
On September 28, a new public dispute erupted between entrepreneur Luo Yonghao and investor Zheng Gang. Zheng Gang publicly accused Luo Yonghao of major tax evasion and called for forensic accountants and lawyers to investigate the finances of Luo's dissolved limited partnerships, offering a 10-20% reward on recovered funds. Luo Yonghao dismissed the allegations as defamation, stating he has screenshotted the posts and warned that Zheng's claims could lead to criminal charges for false accusations. Luo also claimed Zheng is currently abroad in South Korea and possibly in illegal exit status. The conflict stems from a 1.5 million yuan loan from Zheng's firm to Luo's former company, Smartisan Technology, which remains unpaid. A court ruling in June 2025 supported Zheng's claim for interest on the overdue loan. Luo has previously stated he would only repay the debt if Zheng issues a public apology on video.
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