Core Viewpoint - The article discusses the downfall of Luo Yonghao, once celebrated as a "Chinese Steve Jobs," who is now facing legal issues over a debt of 15 million yuan owed to investor Zheng Gang, highlighting the contrast between his previous image and current reality [1][4][10]. Group 1: Background of the Debt - In 2016, Zheng Gang provided a 15 million yuan loan to Luo Yonghao's Smartisan Technology, which was in dire financial straits, with the understanding that it was a lifeline rather than an investment [3][4]. - By 2018, an agreement was made to repay the loan with a 6% interest rate, but Smartisan failed to repay the debt, leading to Zheng Gang issuing a demand for repayment in 2023 [3][4][6]. Group 2: Luo Yonghao's Image and Actions - Luo Yonghao has built a public persona around the idea of accountability and integrity, claiming he would repay his debts, yet his actions contradict this narrative as he has not repaid the loan and has made unreasonable demands for an apology from Zheng Gang [4][6][10]. - The article argues that Luo's previous success in repaying 400 million yuan of debt was due to pressure from creditors, not a genuine commitment to honor his obligations [4][6]. Group 3: The Shift in Relationship - The relationship between Luo Yonghao and Zheng Gang deteriorated after the failure of Smartisan, with Zheng expressing frustration over Luo's lack of accountability and transparency regarding company operations [7][8]. - The article emphasizes that the initial camaraderie was based on mutual benefit, but as financial interests diverged, the relationship soured, leading to legal disputes [8][9]. Group 4: Implications for Luo Yonghao's Future - Despite current ventures in digital live streaming, the article suggests that Luo Yonghao's credibility is at stake due to the ongoing legal issues and public perception of his character [9][10]. - The article concludes that the recent court ruling serves as a reminder that personal branding cannot substitute for legal obligations, and Luo's previous image as a principled entrepreneur is now in jeopardy [10][11].