Dad’s firm bankrupted by teen’s online spending spree


Compiled by SHYAFIQ DZULKIFLI, C. ARUNO and R. ARAVINTHAN

A TEENAGER in Henan, China, allegedly drove her father’s company into bankruptcy after spending more than 17mil yuan (RM9.86mil) on livestream tips and online shopping, reported Sin Chew Daily.

Xiaomeng, 19, had dropped out of vocational school and was working at the family’s cold-chain business in 2024.

According to local press, the father – known only as Zhu – said Xiaomeng began diverting funds from the company’s bank account to tip livestream hosts and buy blind boxes online.

Bank statements showed that her spending escalated from about 30,000 yuan (RM17,394) to 50,000 yuan (RM28,990) a day from July 2024.

The habit worsened, with her reportedly splurging over 160,000 yuan (RM92,769) in a single day on multiple occasions in 2025.

By the time the issue surfaced in November last year, some 17mil million yuan had been drained from the company.

Zhu said the business has since gone bankrupt, leaving him saddled with several million yuan in debt.

Attempts to seek refunds from the streamers were unsuccessful.

 

> A man in Fujian, China, nearly lost his eyesight after an insect flew into his eye while he was riding an electric scooter, causing it to be infected, the daily also reported.

The man, known only as Hu, was riding when an unidentified insect flew into his left eye. He rubbed it briefly and initially dismissed the discomfort.

However, his vision soon became increasingly blurred, prompting him to seek medical attention.

He was diagnosed with fungal keratitis and immediately started on antifungal treatment.

Hu’s eyesight gradually improved after a week in hospital.

The above article is compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with this ' >'sign, it denotes a separate news item.

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