Year-ender: Businessmen who made headlines in China

Luo Yonghao

The founder of smartphone brand Smartisan is well-known for his humorous words in China. Some online opinions noted that, regardless of the quality on his products, Luo's speech at his products conference would certainly be splendid.

Luo formed a smartphone startup in 2012 in an aim to create "the best smartphone in the Eastern Hemisphere".

However, Smartisan's smartphone business was sold to ByteDance in April.

In November, Luo was restricted from luxury spending and had his assets frozen by courts in Danyang, Jiangsu province and Beijing.

Currently, the Danyang court lifted spending restrictions on Luo as he started to pay the creditor.

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