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What happened to Wei Zhao?

By Matthew Wilson

What happened to Wei Zhao?

On Thursday, all entries related to Zhao on Chinese social media platforms such as Weibo were removed, her name was scrubbed from the credits of films and TV shows, and all content featuring her — including film, TV, chat show appearances and more — was removed from major streaming sites like Tencent Video and iQiyi.

What did Zhao Wei do?

In 2016, she dropped a Taiwanese actor from a film she was directing after Chinese internet users accused him of advocating for Taiwan’s independence. The following year, Ms. Zhao and her husband were banned by China’s securities regulator from trading mainland stocks for five years for allegedly misleading investors.

How did Zhao Wei become billionaire?

The businesswoman In 2014, Zhao invested $400 million in Alibaba Pictures to buy stake in the production house. She and her husband, Singaporean investor Huang Youlong, were the second-largest shareholders in Alibaba Pictures.

Why Zhao Wei was blocked?

Like other prominent celebrities in China, Zhao utilized her wealth and fame to expand into markets. However, in 2017, Chinese regulators slapped the power couple with a five-year trading ban after a group of investors sued them for providing misleading information ahead of a corporate takeover.

Who is Vicky Zhao husband?

Huang You Longm. 2008
Zhao Wei/Husband
Zhao also ventured into other fruitful businesses. At one point, she and her husband, businessman Huang Youlong, were jointly estimated to have a net worth of more than US$1 billion by Forbes.

Why is Zhao Wei black listed?

It’s unclear what the reason for Zhao’s blacklisting is, as she was linked to previous incidents that could have earned the government’s displeasure. China has gone on a blitz against celebrities that the government perceives as undesirable.

What did Jack Ma invent?

Ma wanted to improve the global e-commerce system and from 2003 he founded Taobao Marketplace, Alipay, Ali Mama and Lynx. After the rapid rise of Taobao, eBay offered to purchase the company.