Chinese Entertainment Figure Li Xueqin Embroiled in High-Profile Lawsuit Over Financial Dispute
Li Xueqin, a well-known Chinese entertainment figure, has been embroiled in a complex legal dispute with her former friend and business partner, Xie Tianfei. The controversy surrounds the financial management of Beijing Shijin Cultural Media Co., Ltd., a company co-founded by Li Xueqin and Xie Tianfei in 2019. Xie Tianfei, who was a shareholder of the company, has publicly accused Li Xueqin of mishandling company finances, including irregularities in subsidiary company accounts and unexplained asset transfers.
18 June 2025
The feud between the two former friends and partners began to unravel in June 2023, when Xie Tianfei took to social media to express his concerns about the company's financial dealings. He claimed that the company's assets were not distributed fairly and that Li Xueqin's subsequent handling of the assets was suspicious. Xie Tianfei's accusations prompted a legal battle, with the two parties engaging in a heated dispute over the company's financial records. According to Xie Tianfei, the company's liquidation report revealed that the company had approximately 11 million yuan in remaining assets. However, Xie Tianfei claimed that he was owed over 3 million yuan in profits, but only received 1.4 million yuan.
Li Xueqin's studio has responded to the allegations, stating that the company's dissolution and cancellation procedures were carried out in accordance with the law. The studio also claimed that there are no financial or tax issues with the company. However, Xie Tianfei has indicated plans to file another lawsuit to continue his investigation into the matter. The dispute between Li Xueqin and Xie Tianfei has drawn significant attention, with many expressing shock and disappointment at the breakdown of their friendship and business partnership.
The case has raised questions about the financial management practices of companies in the entertainment industry and the need for greater transparency and accountability. As the legal battle continues, it remains to be seen how the court will rule on the matter and what implications this may have for Li Xueqin's reputation and business dealings. In the latest development, the lawsuit filed by Xie Tianfei against Li Xueqin is moving forward, with a court hearing scheduled. Xie Tianfei alleges that Li Xueqin's company has financial problems, which Li Xueqin's studio denies, stating that all financial and tax matters are in order. As the case progresses, it will be resolved through the legal process, with the court's decision pending the presentation of evidence and arguments from both sides.
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