er of Smartisan Technology, faced a daunting debt of 600 million after his smartphone venture failed. However, with the help of his friend Feng Tang, he turned to live streaming and successfully repaid nearly 600 million in debt.ยน
*The Turning Point:*
- *Live Streaming:* Luo Yonghao leveraged live streaming to boost the popularity of his companies, "Starry Sky Ambition" and "Make Friends".
- *Strategic Partnership:* Feng Tang's guidance helped Luo Yonghao register the companies and hype up their stock prices.
- *Acquisition:* In November 2020, Shangwei Co., Ltd. acquired 40% of Chengdu Starry Sky Ambition for 589 million, enabling Luo Yonghao to pay off his debt.
*Current Update:*
- *Debt Repayment:* Luo Yonghao has repaid 824 million yuan, with approximately 500 million yuan remaining.
- *New Venture:* He has joined Baidu Select to explore AI-driven e-commerce and live streaming.ยฒ
*Inspiration:*
Luo Yonghao's story showcases his determination and resilience in the face of adversity. His ability to adapt and leverage new opportunities has enabled him to make significant progress in repaying his debt. ๐ช #LuoYonghao #DebtRepayment #LiveStreaming #Entrepreneurship #Resilience
