On December 29, the news that the cosmetics company owned by Zhang Ting and Lin Ruiyang was investigated and dealt with on suspicion of MLM triggered a heated discussion on the Internet!
Zhang Ting is known as the “godmother of wechat business” on the Internet. Since she founded the TST brand and entered the wechat business field in 2013, her wealth has shown a geometric explosive growth and was once passed down with a value of up to 30 billion. On social media platforms, she is extremely active, with more than 33 million of the number of fans shaking, and the number of videos is 100 thousand less than tiktok, and over millions of fans.
although the company involved (darway, the operation subject of TST court secret) strongly denied that it claimed that it was a legally operated company, from the response of relevant staff of Yuhua District market supervision and Administration Bureau of Shijiazhuang city to the media, the investigation of darway by the market supervision department has lasted for more than half a year and believes that the company has three characteristics of MLM – pull people The pyramid structure of paying entry fees and team compensation, with a large number of participants (nearly 10 million people) and a large amount of money involved.
In addition, according to the private anti MLM team, due to darway’s use of financial institutions to transfer or hide MLM funds, Yuhua District market supervision and Administration Bureau has applied to the people’s court for preservation measures according to law. The frozen funds are up to 600 million yuan (frozen twice, 300 million yuan for the main company and 300 million yuan for an agent and team leader).
The nature and responsibility identification of relevant cases still need to wait for the final investigation results.
Zhang Ting and Lin Ruiyang are suspected of pyramid selling
On the late night of December 28, # Zhang Ting and Lin Ruiyang company were investigated # on suspicion of pyramid selling, which hit the top of microblog hot search, causing hot discussion among netizens. As of 21:00 on the 29th, the topic had been read more than 730 million times, discussed 22000 times, and more than 200 media released relevant reports.
It is reported that recently, the market supervision and Administration Bureau of Yuhua District, Shijiazhuang City publicly disclosed the progress of the investigation and punishment of darway, the operator of the well-known daily chemical brand “TST court secret”, who is suspected of using the Internet to engage in MLM activities.
In its reply to the verification letter of “Li Xu’s anti MLM team”, Shijiazhuang Yuhua District market supervision and Administration Bureau said that on June 5, 2021, the Bureau filed an investigation into the suspected MLM of Shanghai darway Trade Co., Ltd. and reported it to the superior level by level.
According to the reply letter, the Bureau has verified according to a number of reports from the masses that Shanghai darway Trading Co., Ltd. is suspected of using the Internet to engage in MLM activities. Because it uses financial institutions to transfer or hide MLM funds, the Bureau has applied to the people’s court for preservation measures according to law. At present, the case is under further investigation.
according to relevant personnel of Yuhua District market supervision and Administration Bureau of Shijiazhuang City, the frozen funds are as high as 600 million yuan (frozen twice, 300 million yuan for the main company and 300 million yuan for an agent and team leader).
According to surging news reports, the staff of the anti unfair competition section of Yuhua District market supervision and Administration Bureau of Shijiazhuang told reporters that they had received a large number of reports from the masses that “TST court secret” was suspected of pyramid selling. After verification, it was determined that the parent company of “TST court secret” Shanghai darway was suspected of MLM. “(Shanghai darway) promotes high returns.” The staff member said that darway has three characteristics of MLM, namely the pyramid structure of pulling heads, paying entry fees and team remuneration.
“(the case) has a long time span, a large number of participants and a large amount of money involved.” According to the above staff, the relevant behaviors of darway have been started since 2013, and according to the data mastered by the Bureau, nearly 10 million people have participated. In addition, the staff member added that the MLM organization has a certain confusion and “uses the celebrity effect to cover up this illegal act”.
At present, the case has entered the audit stage, that is, to audit the financial data and background of Shanghai darway. The next stage of the case involves the punishment decision and the amount of punishment, which is expected to take several months.
in response to the above events, the TST court secretly responded on its microblog in the early morning of December 29 that Shanghai darway is a legally operated company. Since its establishment, it has always followed the guidance of the government, adhered to legal operation and paid taxes according to law; Thank the government of Shijiazhuang, Hebei Province for guiding the company to investigate risks. At present, the company operates normally, and the company will actively cooperate with relevant departments. Subsequently, the content was forwarded by Lin Ruiyang and Zhang Ting microblog.
Zhang Ting and his wife are said to be worth up to 30 billion
According to tianyancha app data, the legal representative of Shanghai darway Trading Co., Ltd. is Lin Jirong (i.e. actor Lin Ruiyang), with a registered capital of RMB 231.8 million. After multi-layer penetration, the suspected actual controller of Shanghai darway is Zhang Shuqin, namely actor Zhang Ting. Among the key personnel of the company, Lin Jirong holds the position of director, general manager and Zhang Shuqin holds the position of chairman.
It is worth noting that the well-known actor Tao Hong is the seventh largest shareholder of Shanghai darway, directly holding about 1.93% equity of the latter and serving as a director. In addition, Tao Hong also holds 100% of Beijing most Taoran Clothing Co., Ltd., which is the fifth largest shareholder of Shanghai Dawei, with a shareholding ratio of 4.7%. In Ting Zhang’s vibrant social accounts, Ting Zhang and Hong Tao are often seen with two intimate tiktok photos and short dance videos, but in the last month two people interact less.
According to public data, Shanghai darway Trading Co., Ltd. was founded by Lin Ruiyang and Zhang Ting in 2013 and headquartered in Shanghai as a social e-commerce with its own brand. Darway owns TST (court secret) brand, which focuses on cosmetics and skin care products, and TMM brand, which focuses on consumer goods for family life. It mainly sells its products through online mall court secret app and o2o in offline physical stores.
from 2014 to 2018, TST became popular in the micro business circle and was known as the first brand of micro business. The value of Zhang Ting and his wife was once said to be as high as 30 billion yuan. At the same time, Zhang Ting and his wife also made high-profile publicity for TST, such as giving employees a 10-month year-end bonus, buying the Shanghai TST headquarters building with 1.7 billion yuan, and traveling to the sea on a luxury ship.
Previously, some media reported that Shanghai darway’s tax payment in 2018 was as high as 1.26 billion yuan, becoming the tax champion of Qingpu District in that year, followed by Zhongtong, Shentong and Yunda.
However, as early as 2016, some netizens broke the news that after using TST active yeast products, they seriously rotted their faces and were diagnosed as dermatitis by the hospital, causing heated discussion. Subsequently, Zhang Ting issued a document saying that the products have been tested by a third-party inspection and quarantine institution for health and safety, so as to ensure that the products can be used at ease.
By querying the official website of the State Food and drug administration, it was found in the “filing of domestic non special purpose cosmetics” that during the period from 2015 to 2016, dozens of products such as TST inverse age series and Edelweiss series produced by darway were issued the inspection results of “ordered to correct” during the post filing inspection.
business territory of Zhang Ting and Lin Ruiyang
according to the introduction of Li Xu’s anti MLM team, some netizens said that he was attracted by the star halo to join the “TST court secret” company a few years ago. After working in the company for a few years, he found that the micro business empire built by the star couple Zhang Ting and Lin Ruiyang is actually using his influence in the film and television industry under the banner of the boss of the star enterprise, On the surface, in the name of “zero threshold and zero risk entrepreneurship”, it actually carries out business activities by developing offline pull people and team compensation.
Many agents who join “TST” also claim that operating TST products can obtain high income. In 1992, ordinary office workers earned 290000 yuan a month and post-80s Baoma earned more than 300000 yuan a month. All kinds of publicity are everywhere in TST.
According to Jimu news, as of May 2021, TST claimed that it had more than 12 million members and more than 3000 companies. But behind the spread of the speed of light is the pain of countless agents. Pulling heads, crazy hoarding and complex profit mechanism. Some agents say they are only waking up now. This is MLM.
Tianyancha app shows that there are 90 Zhang Ting (Zhang Shuqin) related companies, of which 77 are legal representatives, all located in Shanghai. It is worth mentioning that most of the companies established in 2021 have been cancelled.
Lin Ruiyang (Lin Jirong) is associated with 69 companies, of which Zhang Ting, Lin Ruiyang and Tao Hong all work in Shanghai darway Trading Co., Ltd. Earlier in November, Tao Hong withdrew from the shareholder ranks of another partnership with Zhang Ting and Lin Ruiyang.
up to now, Zhang Ting and Lin Ruiyang have jointly associated 11 companies, including darway trading company.
On September 8 this year, nine enterprises with Zhang Ting as the legal representative, executive director and general manager were cancelled, including Shanghai Haoguang Biotechnology Co., Ltd., Shanghai Yunfan Enterprise Management Co., Ltd., Shanghai Zhenhai Information Technology Co., Ltd. and Shanghai Mingli Enterprise Management Co., Ltd. the reason for cancellation was the resolution to dissolve. The nine enterprises were established in 2021 with a registered capital of 45 million yuan.
At present, more than 70 of Zhang Ting’s enterprises are in existence or in operation, involving biotechnology, investment management, culture and media and other fields.
It is worth noting that many years ago, Yiwang, an enterprise giant of Shanghai darway Industrial Co., Ltd., was almost acquired by A-share listed company Shandong Huapeng Glass Co.Ltd(603021) .
On November 16, 2017, Shandong Huapeng Glass Co.Ltd(603021) signed an agreement of intent with Shanghai darway, and Shandong Huapeng Glass Co.Ltd(603021) plans to spend 650 million yuan to acquire 51% equity of giant Yiwang held by Shanghai darway. Shanghai darway is the sole shareholder of giant Yiwang and holds 100% equity of giant Yiwang.
The main revenue source of giant Yiwang was cosmetics production and sales business. At that time, there were 51 private brands and 32 other brands. The products were mainly sold on the platform of Shanghai darway, the shareholder of giant Yiwang.
according to the data disclosed at that time, from January 1 to October 31, 2017, giant Yiwang realized an operating revenue of 291 million yuan, a net profit of 74.51 million yuan and a company valuation of 1.275 billion yuan. Shanghai darway, the parent company of the giant billion network, has even more amazing earning ability. From January to September 2017, its revenue reached 3.6 billion yuan and its net profit reached 1.143 billion yuan.
However, after a few days, the acquisition turned yellow. On November 25, 2017, Shandong Huapeng Glass Co.Ltd(603021) announced that after the two sides signed the intention agreement, the company launched due diligence on giant Yiwang. In view of the fact that the development of giant Yiwang’s business depends heavily on darway and is difficult to be effectively solved in a short time, the proposed acquisition was terminated after careful research.
(brokerage China)
