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Beijing Wangyuan Shengtang Entertainment Faces Legal Issues Amid Arbitration Proceedings

By Xueyang
Sep. 8, 2023 updated 12:28

Wangyuan ShengtangWangyuan Shengtang

Recent data from the Tianyancha App reveals that Beijing Wangyuan Shengtang Entertainment Technology Co., Ltd., its shareholders Tianjin Yunpeng Information Technology Co., Ltd., and Ningbo Meishan Free Trade Port Zone Dianyou Investment Management Partnership, along with Chairman Meng Xianming, have been listed as judgment debtors. The enforcement target amounts to more than 38.21 million CNY, with proceedings held at the Beijing No. 1 Intermediate People's Court.

Additionally, a property preservation ruling between Shanghai Huandian Information Technology Co., Ltd., an affiliate of Bilibili, and Beijing Wangyuan Shengtang was made public on June 7, 2022. The document shows that Huandian filed for asset seizure or freezing of approximately 36.7959 million CNY worth of Wangyuan Shengtang's assets on January 21, 2022. The court ruled in favor of the motion after legal scrutiny.

Founded in July 2009, Beijing Wangyuan Shengtang is the distributor of popular games like "Gujian" and "Faith of Danschant." With Meng Xianming as its legal representative and chairman, the company has a registered capital of about 14.41 million CNY. Its business scope includes digital content production, game and entertainment equipment sales, and animation game development.

Source: Weibo