Luo Yonghao is heavily in debt because of his business. The most classic example is the hammer mobile phone founded by Luo Yonghao. When the hammer mobile phone first came out, it can be said that everyone was snapping up this mobile phone. However, due to some business problems and strategic choices in Luo Yonghao, the hammer mobile phone did not develop in a good direction, and even ended in bankruptcy. This has also caused Luo Yonghao to bear huge debts due to operational problems, but Luo Yonghao has not been depressed because of debts, let alone escaped because of debts. In fact, Luo Yonghao has paid off nearly 400 million debts.
I believe Luo Yonghao will pay off this debt. For people who break their promises, people don't trust these people and think they won't pay back if they have money. But, you see Luo Yonghao, he will show special respect to others, because Luo Yonghao has never been the kind of person who keeps his word, and he has paid back a lot of money with his own practical actions. I remember when Luo Yonghao participated in a talk show, he said that he had paid off 400 million debts and would continue to pay them off. This may be one of Luo Yonghao's personality charms.
For this middle-aged man who has been defeated in many wars, he has never escaped all kinds of public opinion. When he owed a huge sum of money, the sunspots gloated for a while, fearing that he would run away and expecting him to end his career as a public figure. Even many fans think that a middle-aged man with a debt of 600 million seems impossible to have a decent ending anyway. This is the world. When you have a stain, even a little bit is enough to cover up all your advantages. For example, Luo Yonghao dropped out of high school, but he can find an education job in New Oriental through self-study. He used a PPT to pull investment when he had no money. If he is in debt, tell him the truth!
As an entrepreneur, starting a business is not easy. During the difficult journey, many people owed huge debts. Some people choose to give up, some choose to escape, some choose to rely on others to pay their debts, and Luo Yonghao pays his own debts.