According to The Cover, one of Li Yapeng’s affiliated companies has been forcibly seized for a debt totaling 1.02 million yuan (approximately $142,000 USD). A reporter from the outlet contacted Lijiang Xueshan Investment Co., Ltd, in which Li holds shares, and received a curt response: “This is an internal matter. The company is operating actively. Many real estate developers are facing similar situations.”
Not the First Time in Legal Hot Water
This is not the first instance of court enforcement action against the company. On May 27, Chinese media reported that three executives from the same company had also been placed under enforcement, involving a total sum of 2.44 million yuan.
Over the years, Li Yapeng has shifted his focus from acting to business. However, his entrepreneurial ventures have largely resulted in losses, and he is reportedly facing debts exceeding 40 million yuan. In early 2023, reports of enforcement actions against him went viral, though Li explained that it was a standard legal procedure following a debt settlement agreement.
Layoffs and Legal Representation
Chinese media also reported that in 2023, Li Yapeng’s business laid off approximately 200 employees, and he allegedly still owes compensation to some of them. Currently, he is listed as the legal representative of two companies and holds shares in six others, one of which has already been deregistered.
From Actor to Controversial Entrepreneur
Li Yapeng graduated from the Central Academy of Drama, majoring in acting. He rose to fame through hit dramas such as “Laughing in the Wind” and “The Legend of the Condor Heroes”. In 2014, he announced his retirement from acting to pursue business full-time.
He was previously married to singer Faye Wong, with whom he has a daughter. In late 2020, Li confirmed his relationship with Haiha Jinxi, who is 19 years younger. The couple later married and welcomed a child in March 2022.
Despite his fame and once-successful acting career, Li Yapeng’s foray into business continues to be marred by financial losses, legal battles, and debt-related controversies. Whether he can turn things around remains to be seen.
Znews
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