Wang Ziru responded to why he owed a debt of 100 million: It was not lost, but the debt was incurred after repurchasing investors' shares.

Recently, the topic "Wang Ziru is in debt of 100 million" has attracted the attention of netizens. In a recent interview show, Wang Ziru revealed the reason why he was in debt of 100 million. Wang Ziru introduced:The 100 million I owe is not lost, but because I want to buy back the shares of all investors who have invested in me in the past, so I have this 100 million debt.

Wang Ziru further explained: For example, you originally invested ten yuan in me, but after so many years, if you have some returns, the total may become 20 yuan. I bought back the shares and redeemed the entire shares, so I ended up with a debt of 100 million.

It’s not that the investors asked me to repurchase. Part of it was some communication with the investors on the company’s value. Some of them were initiated by me on my own initiative, and there was no betting clause.

Why buy back shares? Because it is very simple. It has something to do with ZEALE’s development experience. ZEALE has experienced so many years of development.I think the possibility of bringing greater returns to investors is no longer high. Including its development stage, future mission, and the value it should embody, I think they have basically been reflected.

Therefore, this company does not have particularly large room for growth. Investors have exit demands, some of them are anxious to exit, and some are not so anxious, but I think as a founder, if you allow investors to exit safely, you will get certain reasonable benefits.

I think this is a basic founder responsibility as an entrepreneur.So even though some investors did not ask us to have buybacks, I took the initiative to initiate buybacks, mainly for this reason.

Public information shows that Wang Ziru was previously the founder and CEO of the technology media Zealer and a digital technology commentator. However, he chose to quit in August 2021 and resigned from his positions as general manager and executive director.

In 2021, Wang Ziru joined Gree Electric and became the person in charge of Gree Electric’s digital channel reform project. In June this year, Wang Ziru announced that he would start a new business as the owner of AI evaluation UP.

Tianyancha's risk information shows that Wang Ziru has been restricted from high consumption in 2024 because he failed to fulfill his payment obligations determined by effective legal documents on time.