王思聪，名下资产被法拍，“估值-166万元，起拍价10.75万元”！相关公司曾红极一时，后被曝出大规模裁员、关店

Core Viewpoint - Beijing Pusi Investment Co., Ltd. is auctioning an 8% stake in Maiji Culture Communication Co., Ltd., with a starting price of 107,400 yuan and a valuation of -166.62 million yuan, indicating significant financial distress for the company [1][6]. Group 1: Auction Details - The auction is being conducted by the Dalian Intermediate People's Court, with the stake's starting price set at 107,400 yuan and a required deposit of 10,000 yuan [1]. - The valuation of the 8% stake is assessed at -166.62 million yuan, reflecting the company's negative financial status [1][6]. Group 2: Company Background - Beijing Pusi Investment Co., Ltd. was established in December 2009, with a registered capital of 20 million yuan, and is fully owned by Wang Sicong [4]. - The company has a history of managing assets exceeding 1 billion USD and has invested in nearly 80 projects, including Panda Interactive Entertainment and Hero Interactive [7]. Group 3: Maiji Culture's Situation - Maiji Culture, which Pusi Investment entered in 2019, was known for its immersive interactive game dramas but has faced significant challenges, including mass layoffs and store closures, leading to its inclusion on the court's execution list [6]. - After a strategic financing round in 2022, Maiji Culture's ownership structure diversified, with the largest shareholder holding 52.2% [6]. Group 4: Broader Implications - The auction of the stake is part of a broader trend of asset liquidation by Wang Sicong, who has faced increasing financial pressures due to a cooling market for live streaming and esports [7][8]. - In June 2023, Wang Sicong's investment firm exited management of another company, indicating a strategic shift in his investment approach [8].