Xibei Denies Bankruptcy Rumors as Registered Capital Rises 16% After Luo Yonghao Criticism
Chinese restaurant chain Xibei Youmian Village denied bankruptcy rumors after Weibo influencer 'Liji' claimed it would collapse within months, alleging founder Jia Guolong's post-exit plans. Xibei stated all stores operate normally. Separately, Tianyancha data shows Inner Mongolia Xibei Catering Group increased registered capital from ~89.54M yuan to ~104M yuan (16% rise) since Luo Yonghao criticized the company last September. New shareholders include billionaire Lin Lairong, Chengdu Xunda Optoelectronics, and Hangzhou Zhouxuan Equity Investment Management.
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Cross-source coverage
Common ground
- The bankruptcy rumor about Xibei is almost certainly false, as the company is a major chain with hundreds of stores.
- Xibei did increase its registered capital by 16% and brought in a billionaire shareholder, Lin Lairong, along with an optics company investor.
- Social media rumors spread quickly in China's digital ecosystem, causing unnecessary crises for established brands.
- The timing gap between Luo Yonghao's criticism and the bankruptcy rumor means the media narrative linking them is misleading.
Points of contention
- Eastern Agent sees the capital increase as proof of market confidence, while Neutral Agent argues it could be a routine legal filing without new cash entering the company.
- Regional Agent claims Luo Yonghao's criticism was ethnically motivated against a Hui entrepreneur, but Eastern and Neutral Agents say it was a standard business critique with no evidence of bias.
- Eastern Agent insists China's private sector is resilient without government help, while Regional Agent argues the capital increase is a political lifeline to protect a symbol of ethnic harmony.
- Neutral Agent demands more financial data before drawing conclusions, but Eastern Agent says the market signal itself is enough in China's business ecosystem.
Blind spots
- No one has verified whether any new cash actually entered Xibei, as registered capital can be increased through accounting entries without fresh investment.
- The role of the optics company investor remains unexplained, with no details on whether it was a cash deal, debt conversion, or state-linked move.
- The debate ignored how Xibei's suppliers, landlords, and customers actually reacted to the capital increase, focusing only on media narratives.
- Neither side examined whether similar capital restructurings are common among Chinese restaurant chains, which would provide context for this case.
WorldAttention’s read
The Xibei bankruptcy rumor is baseless, but the debate reveals deep disagreements over what the capital increase really means. Eastern Agent sees it as proof of market confidence in China's resilient private sector, while Regional Agent argues it's a political lifeline for a Hui entrepreneur targeted by ethnic bias. Neutral Agent points out that we lack key facts—like whether new cash entered the company or the terms of the optics investor's involvement—making any firm conclusion premature. The media has stitched together unrelated events to create a false narrative, and until actual financial data emerges, claims of either market strength or political conspiracy remain speculation. The one clear blind spot is that everyone ignored how Xibei's business partners and customers actually responded, focusing instead on fitting the story into their preferred ideological frame.
Reporting timeline
Xibei Completes A-Round Funding, Increases Registered Capital Twice in 2023
On September 21, Luo Yonghao denied rumors that Xibei founder Jia Guolong demanded he kneel for a settlement, stating he has collected evidence and will file complaints and lawsuits. Jia Guolong has not publicly responded. Separately, Tianyancha data shows Xibei's affiliated company, Inner Mongolia Xibei Catering Group Co., Ltd., completed an A-round funding round in January 2023, increasing its registered capital from 89.902896 million yuan to 101.680175 million yuan. In March, the company further increased registered capital to approximately 104 million yuan. The article notes that registered capital changes are business registration data and do not equal actual funding received or reflect current store operations.
Xibei Increases Capital by Over 14 Million Yuan Following Luo Yonghao Incident
On September 20, Weibo influencer 'Liji' claimed that Chinese restaurant chain Xibei Youmian Village would go bankrupt within months, disclosing founder Jia Guolong's alleged 'post-exit arrangements' including massive debts and equity relinquishment. Xibei officially denied the rumors, stating all stores nationwide are operating normally. According to Tianyancha app data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has seen its registered capital increase from approximately RMB 89.54 million to about RMB 104 million—a roughly 16% rise—since Luo Yonghao criticized the company last September. New shareholders include Lin Lairong, a tycoon with a net worth of RMB 9.5 billion; Chengdu Xunda Optoelectronics Co., Ltd.; and Hangzhou Zhouxuan Equity Investment Management Partnership.
Read sourceXibei Increases Registered Capital by Over 14 Million Yuan After Luo Yonghao Incident
On September 20, a report from Sohu Finance detailed that a prominent Chinese social media influencer, 'Liji,' recently claimed that Xibei Youmian Village (Xibei) would go bankrupt within months, and alleged that founder Jia Guolong had made 'posthumous arrangements' involving taking on massive debt and giving up equity. Xibei's official channels immediately denied the rumor, stating that all stores nationwide are operating normally. According to Tianyancha App, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately 89.54 million yuan to about 104 million yuan since September of last year, a rise of roughly 16%. This capital increase followed a public complaint by Luo Yonghao about the company. New shareholders added during this period include billionaire Lin Lairong (net worth 9.5 billion yuan), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership (Limited Partnership).
Read sourceShow 17 older updatesHide older updates
Xibei Increases Capital by Over 14 Million Yuan After Luo Yonghao Criticism
On September 20, a Weibo influencer claimed that Xibei Youmian Village would go bankrupt within months, alleging founder Jia Guolong's post-exit arrangements include assuming massive debts and relinquishing equity. Xibei officially denied the rumors, stating all stores are operating normally. According to Tianyancha App, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately RMB 89.54 million to about RMB 104 million since Luo Yonghao criticized the company last September, a rise of roughly 16%. New shareholders were added, including billionaire Lin Lairong (assets worth RMB 9.5 billion), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope includes catering services, food production, online food sales, and investment activities.
Read sourceXibei Increases Capital by Over 14 Million Yuan Following Luo Yonghao Criticism
On September 20, a Weibo influencer claimed that Xibei Youmian Village would go bankrupt within months, alleging founder Jia Guolong's post-exit plans include massive debts and equity relinquishment. Xibei officially denied the rumors, stating all stores operate normally. According to Tianyancha App, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has seen its registered capital increase from approximately RMB 89.54 million to about RMB 104 million since Luo Yonghao criticized the company last September, a rise of roughly 16%. New shareholders include billionaire Lin Lairong (net assets RMB 9.5 billion), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope covers catering services, food production, online food sales, catering management, and investment activities.
Read sourceXibei Increases Capital by Over 14 Million Yuan After Luo Yonghao Criticism
On September 20, a Weibo influencer named 'Liji' claimed that Chinese restaurant chain Xibei Youmian Village would go bankrupt within months, disclosing founder Jia Guolong's alleged 'post-exit arrangements' involving massive debts and equity relinquishment. Xibei officials immediately denied the rumors, stating all stores nationwide are operating normally. According to Tianyancha app data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has seen its registered capital increase from approximately RMB 89.54 million to about RMB 104 million (a roughly 16% rise) since Luo Yonghao criticized the company last September. New shareholders include billionaire Lin Lairong (assets worth RMB 9.5 billion), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope includes catering services, food production, online food sales, and investment activities.
Read sourceXibei Increases Capital by Over 14 Million Yuan Following Luo Yonghao Incident
On September 20, a Weibo influencer claimed that Xibei Youmian Village would go bankrupt within months, disclosing founder Jia Guolong's alleged post-exit plans including massive debts and equity relinquishment. Xibei officially denied the rumors, stating all stores operate normally. According to Tianyancha data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately RMB 89.54 million to about RMB 104 million (a 16% rise) since Luo Yonghao criticized the company last September. New shareholders include Lin Lairong (net worth RMB 9.5 billion), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope includes catering services, food production, online food sales, and investment activities.
Read sourceXibei Increases Registered Capital by 16% After Luo Yonghao Criticism Incident
On September 20, a Weibo influencer claimed that Xibei Youmian Village would go bankrupt within months, disclosing founder Jia Guolong's alleged 'post-crisis arrangements' including assuming massive debts and relinquishing equity. Xibei officially denied the rumors, stating all stores nationwide are operating normally. According to Tianyancha App, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has seen its registered capital increase from approximately RMB 89.54 million to about RMB 104 million since Luo Yonghao criticized the company last September, a rise of roughly 16%. New shareholders include billionaire Lin Lairong (assets worth RMB 9.5 billion), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership.
Read sourceXibei Catering Raises Capital by 16% After Luo Yonghao Criticism, Adds Billionaire Investor
On September 20, Weibo influencer 'Liji' claimed that Chinese restaurant chain Xibei Youmian Village would go bankrupt within months, disclosing founder Jia Guolong's alleged 'post-exit arrangements' involving massive debts and equity relinquishment. Xibei officially denied the rumors, stating all stores operate normally. According to Tianyancha data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately RMB 89.54 million to about RMB 104 million (a 16% rise) since last September when influencer Luo Yonghong criticized the company. New shareholders include Lin Lairong, a tycoon with a net worth of RMB 9.5 billion, Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope includes catering services, food production, online food sales, and investment activities.
Read sourceXibei Increases Capital by Over 14 Million Yuan Following Luo Yonghao Incident
On September 20, Weibo influencer 'Liji' claimed that Xibei Youmian Village would go bankrupt within months, disclosing founder Jia Guolong's alleged 'post-crisis arrangements' including massive debts and equity relinquishment. Xibei officially denied the rumors, stating all stores nationwide are operating normally. According to Tianyancha app data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has seen its registered capital increase from approximately RMB 89.54 million to about RMB 104 million (a roughly 16% rise) since Luo Yonghao criticized the company last September. New shareholders include Lin Lairong, a tycoon with a net worth of RMB 9.5 billion, Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope includes catering services, food production, online food sales, food distribution, catering management, corporate headquarters management, and investment activities.
Read sourceXibei Noodle Village Denies Closure Rumor, Registered Capital Up 16% Since Luo Yonghao Incident
On September 20, Weibo influencer 'Li Ji' alleged that Xibei Noodle Village would close within months, with founder Jia Guolong bearing huge debts and giving up equity. Xibei officials immediately denied the rumor, stating that all stores nationwide are operating normally. According to Tianyancha App, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has seen its registered capital increase from approximately 89.54 million yuan to about 104 million yuan (a 16% rise) since Luo Yonghao complained about the company in September last year. New shareholders include billionaire Lin Lairong (net worth 9.5 billion), Chengdu Schindler Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership.
Read sourceXibei Increases Capital by Over 14 Million Yuan After Luo Yonghao Criticism
On September 20, a Weibo influencer claimed that Xibei Youmian Village would go bankrupt within months, disclosing founder Jia Guolong's alleged post-exit arrangements including massive debts and equity relinquishment. Xibei officially denied the rumors, stating all stores are operating normally. According to Tianyancha data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately RMB 89.54 million to about RMB 104 million since Luo Yonghao criticized the company last September, a rise of roughly 16%. New shareholders include Lin Lairong, a tycoon with a net worth of RMB 9.5 billion, Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership.
Read sourceXibei Increases Registered Capital by 16% After Luo Yonghao Criticism, Adds Billionaire Shareholder
On September 20, Weibo influencer 'Liji' claimed that Chinese restaurant chain Xibei Youmian Village would go bankrupt within months, alleging founder Jia Guolong had made 'post-crisis arrangements' including assuming massive debts and relinquishing equity. Xibei officially denied the rumors, stating all stores are operating normally. According to Tianyancha data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has seen its registered capital increase from approximately RMB 89.54 million to about RMB 104 million (a 16% rise) since Luo Yonghao criticized the company last September. New shareholders include billionaire Lin Lairong (net worth RMB 9.5 billion), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope covers catering services, food production, online food sales, and investment activities.
Read sourceXibei Increases Registered Capital by 16% After Luo Yonghao Criticism, Adds Billionaire Shareholder
On September 20, Weibo influencer 'Liji' claimed that Chinese restaurant chain Xibei Youmian Village would go bankrupt within months, alleging founder Jia Guolong had made 'post-exit arrangements' including assuming massive debts and relinquishing equity. Xibei officially denied the rumors, stating all stores are operating normally. According to Tianyancha data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately RMB 89.54 million to about RMB 104 million (a 16% rise) since Luo Yonghao criticized the company last September. New shareholders include billionaire Lin Lairong (net assets RMB 9.5 billion), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope includes catering services, food production, online food sales, and investment activities.
Read sourceXibei Increases Registered Capital by Over 14 Million Yuan After Luo Yonghao Incident
On September 20, a report from Sohu Finance detailed that a prominent Weibo influencer, 'Liji,' recently alleged that Xibei Youmian Village (Xibei) would go bankrupt within months, and disclosed that founder Jia Guolong would assume massive debts and give up equity as a 'posthumous arrangement.' Xibei's official channels immediately denied the claim, stating that all stores are operating normally. According to Tianyancha App, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has seen its registered capital increase from approximately 89.54 million yuan to about 104 million yuan (a roughly 16% increase) since September of last year, following a complaint by Luo Yonghao. The company also added new shareholders, including billionaire Lin Lairong (worth 9.5 billion yuan), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership (Limited Partnership).
Read sourceXibei Catering Raises Capital by 14 Million Yuan After Luo Yonghao Criticism
On September 20, a Weibo influencer claimed that Xibei Youmian Village would go bankrupt within months, disclosing founder Jia Guolong's post-exit plans including massive debts and equity relinquishment. Xibei officials denied the rumors, stating all stores operate normally. According to Tianyancha data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately RMB 89.54 million to about RMB 104 million since Luo Yonghao criticized the company last September, a rise of roughly 16%. New shareholders include Lin Lairong, a tycoon with a net worth of RMB 9.5 billion, Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope includes catering services, food production, online food sales, and investment activities.
Read sourceXibei Increases Capital by Over 14 Million Yuan Following Luo Yonghao Incident
On September 20, Weibo influencer 'Liji' claimed that Chinese restaurant chain Xibei Youmian Village would go bankrupt within months and disclosed founder Jia Guolong's alleged 'post-crisis arrangements,' including assuming massive debts and relinquishing equity. Xibei officially denied these claims, stating all stores are operating normally. According to Tianyancha app data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately RMB 89.54 million to about RMB 104 million since Luo Yonghao criticized the company last September, a rise of roughly 16%. New shareholders include Lin Lairong, a tycoon with an estimated net worth of RMB 9.5 billion, Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership.
Read sourceXibei Increases Registered Capital by 16% After Luo Yonghao Criticism, Adds New Investors
On September 20, a Weibo influencer claimed that Chinese restaurant chain Xibei Youmian Village would go bankrupt within months, alleging founder Jia Guolong had made post-crisis arrangements including assuming massive debts and relinquishing equity. Xibei officially denied the rumors, stating all stores are operating normally. According to Tianyancha data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately RMB 89.54 million to about RMB 104 million since last September, a rise of roughly 16%. This capital increase followed criticism from influencer Luo Yonghao. New shareholders include billionaire Lin Lairong (net worth RMB 9.5 billion), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. The company's business scope includes catering services, food production, online food sales, and investment activities.
Read sourceXibei Increases Registered Capital by 16% After Luo Yonghao Criticism, Adds Billionaire Investor
On September 20, a Weibo influencer claimed that Chinese restaurant chain Xibei Youmian Village would go bankrupt within months, alleging founder Jia Guolong had made 'post-crisis arrangements' including assuming massive debts and relinquishing equity. Xibei officially denied the rumors, stating all stores are operating normally. According to Tianyancha app data, Inner Mongolia Xibei Catering Group Co., Ltd., established in October 2017 with Jia Guolong as legal representative, has increased its registered capital from approximately RMB 89.54 million to about RMB 104 million since last September, a rise of roughly 16%. This capital increase followed criticism from influencer Luo Yonghao. New shareholders include Lin Lairong, a tycoon with a net worth of RMB 9.5 billion, Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership.
Read sourceXibei Increases Registered Capital by 16% After Luo Yonghao Criticism Incident
On September 20, a report emerged that Xibei Youmian Village, a Chinese restaurant chain, has increased its registered capital by over 14 million yuan following a public criticism by influencer Luo Yonghao last September. According to Tianyancha app data, Inner Mongolia Xibei Catering Group Co., Ltd. raised its registered capital from approximately 89.54 million yuan to about 104 million yuan, a roughly 16% increase. The company also added new shareholders, including billionaire Lin Lairong (net worth 9.5 billion yuan), Chengdu Xunda Optoelectronics Co., Ltd., and Hangzhou Zhouxuan Equity Investment Management Partnership. This development follows a recent claim by Weibo influencer 'Liji' that Xibei would go bankrupt within months, which the company officially denied, stating all stores are operating normally. The capital increase and new investors suggest financial strengthening despite the bankruptcy rumors.
Read source