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Judgment Defaulter
In China, judgment defaulter () or court defaulters, commonly known as laolai () or untrustworthy person (), is defined as a person who is able to fulfill legal obligations determined by the court, but has refused to do so, or illegally tries to evade enforcement such as hiding their assets. According to the relevant regulations, persons who receive default judgment by the People's Courts are subject to restrictions on "high spending" or "high consumption" that are unrelated to basic living or business activities. These can include bans from traveling on high speed trains, or not being able to have your children go to private schools. Jeremy Daum, a senior research fellow at Yale Law School's Paul Tsai China Center, explains that the idea is that since the majority of "court awards" are going to be monetary, the "judgement defaulters" should not be continuing to be spending a lot of money if they have not yet paid back the court award, and instead their money should be spent to "fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Default Judgment
Default judgment is a binding judgment in favor of either party based on some failure to take action by the other party. Most often, it is a judgment in favor of a plaintiff when the defendant has not responded to a summons or has failed to appear before a court of law. The failure to take action is the default. The default judgment is the relief requested in the party's original petition. Default can be compared to a forfeit victory in sports. In a civil trial involving damages, a default judgment will enter the amount of damages pleaded in the original complaint. If proof of damages is required, the court may schedule another hearing on that issue. A party can have a default judgment vacated, or set aside, by filing a motion, after the judgment is entered, by showing of a proper excuse. Specific jurisdictions China The concept of default judgement appears in ancient China, including in Zheng Xuan's 2nd century CE commentary on the '' Rites of Zhou''. Regarding a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zhima Credit
Zhima Credit (; also known as Sesame Credit) is a private company-run credit scoring and loyalty program system developed by Ant Group, an affiliate of Alibaba Group. It uses data from Alibaba's services to compile its score. Customers receive a score based on a variety of factors based on social media interactions and purchases carried out on Alibaba Group websites or paid for using its affiliate Ant Financial's Alipay mobile wallet. The rewards of having a high score include easier access to loans from Ant Financial and having a more trustworthy profile on e-commerce sites within the Alibaba Group. It has frequently been confused with the Social Credit System. History China has a much lower rate of credit use than developed markets. As a result, it lacks the associated credit reports. Zhima Credit was introduced on 28 January 2015. It was the first credit agency in China to use a score system for individual users, using both online and offline information. It was developed whe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michelle Ye
Michelle Ye or Ye Xuan (born 14 February 1980) is a Chinese actress and producer. She is best known for her roles in ''Eternal Happiness'', ''Triumph in the Skies'', and ''Lost in the Chamber of Love''. Her most notable role was in the 2009 film Accident (2009 film), Accident, in which she won the 2010 Hong Kong Film Award for Best Supporting Actress. Ye has worked as an on-site reporter for TVB at the Olympic Games in Athens in 2004. In 1999, she won the Miss Chinese International competition. Apart from her acting career, she is the owner and chairman of the production company Michelle Ye Studios-Zhejiang Bohai Television Ltd, the owner of a sushi restaurant, and the vice-president of the Hengdian Film Association. Early life Michelle Ye was born in Hangzhou, China. She was named after her mother's favorite actress Zhou Xuan. Ye's mother was a housewife and her father a lawyer. Her father was constantly on business travel, thus leaving Ye to be cared for by her mother solel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ofo (company)
ofo () was a Beijing-based bicycle sharing company founded in 2014. It used a dockless system with a smartphone app to unlock and locate nearby bicycles, charging an hourly rate for use. In 2017, the ofo company had deployed over 10 million bicycles in 250 cities and 20 countries. The company was valued at up to US$2 billion and had over 62.7 million monthly active users. In 2018, ofo announced massive reduction in operations, including withdrawing from most US cities and from several entire countries. By 2020, facing a large amount of unpayable debt, the company was no longer operating bike rentals. History 2014–2016: Founding in China The company was founded in 2014 by five members of the Peking University cycling club as a project that initially focused on bicycle tourism before deciding on bicycle sharing. It was named "ofo" due to the word's resemblance to a cyclist on a bicycle. ofo was launched in June 2015 in Beijing, gaining 20,000 users and 2,000 bicycles by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dai Wei
Dai Wei () is the founder and chief executive officer (CEO) of the Chinese bike-sharing company ofo. Early life and education In 2009, he studied in the department of finance of Guanghua School of Management in Peking University. After graduating in 2013, he followed the central branch of the mission in Dongxia town, Dantong county, Qinghai province, and worked as a maths teacher for one year. In 2014, he returned to Peking University for his master's degree. Education and career Wei obtained his MSc of Economics from Peking University. In 2014, Wei cofounded bike-sharing startup Ofo, the first dockless sharing bike platform in the world. After raising hundreds of millions of dollars from a list of powerful investors including Coatue Management, Chinese ride-sharing service Didi Chuxing, and Russian billionaire investor Yuri Milner, Wei expanded Ofo rapidly across China and worldwide. For the US market, Wei personally hired Uber spokesperson and Mandarin speaker Chris Tay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xu Zongheng
Xu Zongheng (; born July 1955) is a Chinese politician who was the mayor of Shenzhen, Guangdong, China from June 2005 to June 2009. During his term of service, an agreement was reached on the Shenzhen-Hong Kong Innovation Circle to develop both cities into a metropolis. Xu was born in Xiangtan, Hunan province. In June 2009, Xu was placed under investigation for "severe violations" and later dismissed from the mayor position. Sources reported that Xu was allegedly involved in the corruption scandal involving Gome Electrical Appliances founder, Huang Guangyu. Xu has been replaced as mayor by Wang Rong. In May 2011, Xu was convicted of taking 33.18 million yuan (~$5.4 million) in bribes and sentenced to death with a two-year reprieve by the Zhengzhou People's Intermediate Court in Henan Henan; alternatively Honan is a province in Central China. Henan is home to many heritage sites, including Yinxu, the ruins of the final capital of the Shang dynasty () and the Shaoli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LeEco
LeEco () is a List of companies of China, Chinese Conglomerate (company), conglomerate founded by Jia Yueting, the founder of Le.com (formerly LeTV). The group maintains businesses in Video on demand, video streaming, cloud services, software development, consumer electronics, such as smartphones, smart TVs, VR, electric bicycles, electric cars, film production and distribution, real estate, wine, retail, eCommerce, and other business. LeEco has expanded to countries outside of China, such as the United States, India, and Russia. From late 2016 onward, LeEco experienced financial limitations due to aggressive strategic expansion and difficulties in acquiring new funds. As of September 2018, LeEco has sold its remaining ownership of Leshi Zhixin Electronic Technology Co., Ltd. and Le Vision Pictures to Sunac. In October 2018, Le.com formally announced it is not for sale and is exploring solutions to address its financial issues. History The predecessor of the diversified group, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jia Yueting
Jia Yueting (; born 15 December 1973, YT Jia) is a Chinese businessman who is the founder of Leshi Holding Group and the former CEO of Faraday Future. He previously founded LeEco and the Le.com subsidiary LeSports, and is the former chairman and CEO of Le.com as well as the former chairman of both Coolpad Group and Sinotel Technologies. Jia has been involved in several financial controversies related to his companies. In 14 October 2019, he filed for bankruptcy with a personal debt of over US$3.6 billion. In April 2025, Jia was appointed co-CEO of Faraday Future. Early life Jia Yueting was born in Xiangfen, Shanxi, China in December 1973. Jia completed his undergraduate studies at Shanxi Provincial Finance and Taxation Vocational College () with concentration in finance. He once took executive courses in the private business school Cheung Kong Graduate School of Business () with unspecified time. Career Jia started as a tech support personnel in a Shanxi Province tax office ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
