On July 2, the news about Zheng Shuang’s failure to fulfill a payment exceeding 120 million RMB surged to the top of Weibo’s trending topics. According to the “Qichacha” app, a new equity freeze information was recently added by the producer of the unreleased TV drama “The Player”, the company “Horgos Shanghui Film and Television Culture Media Co., Ltd.”, involving a freeze of 3 million RMB on equity held by “Zhejiang Dongyang Shanghui Film and Television Culture Media Co., Ltd.”
Reported by the mainland media “Daily Economic News”, risk information from “Tianyancha” shows that Zheng Shuang has been restricted from high consumption due to multiple contract disputes. In the latest case, the amount she failed to fulfill exceeds 120 million RMB.
The report indicates that in 2022, the court ruled that Zheng Shuang must return the 120 million RMB remuneration she had received to the investors of the drama “The Player”. However, it is rumored that Zheng Shuang, who is said to have “escaped” to the United States, has not paid a single penny so far.
In April this year, Zheng Shuang, one of the producers of the drama “Jade Lovers”, was sued by the creditors for withdrawing the lawsuit disputing the rights. The final verdict stated: “After exhausting all measures of property investigation, the judgment debtor Zheng Shuang currently has no assets available for execution, thus there are no conditions for further execution, and the execution proceedings should be terminated.”
The case involves situations where the debtor gave up the due debt rights or gratuitously transferred property, harming the legitimate rights and interests of the creditors, or when, under the transferee’s clear knowledge, the debtor unreasonably transferred the property at a significantly low price, causing damage to the creditors, leading to disputes where the creditors request the court to revoke the debtor’s actions.
At the age of 32, Zheng Shuang rose to fame for her roles in popular dramas such as “Let’s Watch the Meteor Shower Together” and “Love O2O”, being recognized alongside Zhou Dongyu, Guan Xiaotong, and Yang Zi as the “Four Small Flowers of the 90s” by “Southern Metropolis Entertainment Weekly”.
In recent years, Zheng Shuang has been embroiled in various troubles. As early as July 2020, her surrogacy and child-rearing dispute were exposed by the media, leading to strong public criticism and heated discussions on Weibo. In April 2021, Zheng Shuang was alleged to have signed a “yin-yang contract” and split income to receive “sky-high remuneration”. In August of the same year, she was pursued by the Shanghai Tax Bureau for back taxes, late payment fines, and penalties, totaling 299 million RMB. Following the series of scandals involving surrogacy abandonment, tax evasion, and more, Zheng Shuang has faced a comprehensive ban in the entertainment industry and has been continuously pursued for huge compensations by related drama investors.
Currently, Zheng Shuang is associated with a total of 10 companies, of which 3 are still in operation, including “Shanghai Gaga Entertainment Development Co., Ltd.”, “Jiujiang Cool Bear Film and Television Culture Studio”, and “Jiujiang Herd Effect Film and Television Culture Studio”, but she remains entangled in legal battles with lawsuits ongoing.
On February 22 this year, it was revealed that Zheng Shuang’s equity freeze information was continued, with a frozen equity amount of 1 million RMB held by “Shanghai Gaga Entertainment Development Co., Ltd” executed by the Songjiang District Court in Shanghai. The freeze period was extended from the original date of March 15, 2021, to March 14, 2024, now continuing until February 21, 2027.
Some netizens lamented, “You never know how many ways a wealthy person who can have a child through surrogacy in the United States has to transfer assets.” Others sarcastically commented, “Compared to many high-ranking officials, Zheng Shuang’s asset transfers are just child’s play.”