Public reports describe more than 20 affiliated companies registered over seven years and failed ventures spanning catering, film, esports, livestreaming and apparel retail.
Public reports cited in the source say Zou Shiming and his wife faced setbacks after aggressive expansion across multiple businesses. Over seven years, they reportedly registered more than 20 affiliated companies and extended into catering, film, esports, livestreaming and clothing retail. The source adds that internet-famous hotpot and milk tea stores led by Ran Yingying emphasized marketing over product quality, charged per-customer spending well above peers, and shut down quickly. The post also claims the couple was burned in the crypto market, but it provides no further details on the crypto-related investment, timing, scale, or outcome.