After the failure of his smartphone venture, Luo Yonghao was left with a debt of 600 million. With no way out, he reached out to his good fren Feng Tang and said, "I want to do live streaming to pay off my debt." Feng Tang replied, "If you rely on that little money you earn from live streaming to pay off your debt, it will take at least 10 years. Let me teach you a method that guarantees you can pay it off in 3 years."
In 2018, Luo Yonghao's Smartisan Technology owed 600 million, and on November 3, 2019, Luo Yonghao was restricted from high consumption, becoming part of the group of debt
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