Core Insights - The article discusses the tumultuous journey of Smartisan Technology, founded by Luo Yonghao, highlighting its struggles and transformations over the years [1][2][14] Company Overview - Smartisan Technology was established in May 2012 and has faced numerous challenges, including rumors of bankruptcy every two years [1] - The company launched the Smartisan TNT workstation in May 2018, which was expected to be revolutionary but faced production issues and poor sales performance [1] - By the end of 2018, Smartisan Technology was sold to ByteDance, with Luo Yonghao taking on the responsibility of repaying debts [2] Debt Repayment Journey - Luo Yonghao's journey of debt repayment began in January 2019 with the launch of Chatting Treasure, followed by various ventures including electronic cigarettes and live streaming [2][4] - In 2020, Luo's entry into live streaming significantly improved his financial situation, allowing him to repay approximately 400 million yuan of debt [5] - By June 2022, Luo announced he had nearly cleared his debts and shifted focus to AR projects [5][7] New Ventures and Challenges - After settling debts, Luo Yonghao founded Xihongxian in July 2022, focusing on AR operating systems and hardware [7] - The company faced challenges in developing AR products due to technical limitations and a downturn in the AR/VR market [7][8] - In 2023, Xihongxian pivoted towards AI hardware and software, launching the J1 Assistant AI in January [8][10] Market Position and Future Outlook - Despite setbacks, Luo Yonghao remains committed to his vision of technological innovation, emphasizing the need for time, patience, and funding for future projects [10][14] - The article suggests that Luo's charisma and resilience have kept him relevant in the tech industry, even as he navigates through failures [13][14]