Someone once asked Shi Yuzhu an interesting question - Why do you always wear red clothes?

Shi Yuzhu’s answer is simple: The year after I climbed Mount Everest was my birth year, and my mother bought me clothes for my birthday: white pants, a red top, red shorts, and red socks.

I wore them for a year until the Spring Festival. After the New Year, I was no longer subject to this restriction, but I was used to it. I simply changed into other clothes except red socks, and I never wore clothes of other colors again.

In fact, this seemingly metaphysical approach hides Shi Yuzhu's fear of failure.

10 million shares have been frozen, and the "big idler" is no longer calm. On Weibo, Shi Yuzhu has more than 8.5 million fans. He labels himself: retirement life, playing games, looking at beauties, and staring at banks.

This fits well with his Weibo name "Shi Yuzhu Da Xianren".

But the peaceful times on social platforms cannot hide the anxiety in reality.

Last month, there was news in the media that the shares of two companies owned by Shi Yuzhu, chairman of Giant Network (002558.SZ), were frozen by the court.

Tianyancha data shows that on August 19, 2021, the Beijing Financial Court froze 12.48% and 85.79% of the shares of Zhuhai Giant High-Tech Group Co., Ltd. and Zhuhai Gentleman New Technology Co., Ltd. currently held by Shi Yuzhu.

The equity amounts correspond to their respective capital contributions of 2.7794 million yuan and 16.3 million yuan respectively, and the freezing periods are 3 years each.

Public opinion was in an uproar. What happened to the "big idler"?

Before the melon-eaters got into the mood, the public relations department of Giant Network began to speak out.

According to them, this is a historical issue.

Many years ago, Shi Yuzhu made a personal guarantee for a company, and the relevant party issued him a liability-free counter-guarantee.

But later, due to the impact of business development, the company launched a lawsuit against Shi Yuzhu in accordance with the procedures, resulting in the equity being frozen.

Interestingly, they also clarified the relationship immediately: This guarantee was made by Mr. Shi personally and has nothing to do with Giant Network, Golden Partner and other Giant Group companies.

In other words, Shi Yuzhu’s explanation for the equity freeze was: he helped his friends and cheated himself.

He even posted this complaint on his Weibo: "Help your friends, help your life more, and help your career less."

Logically speaking, all parties involved have come forward to clarify the matter, and this matter should be over at this point.

But just after that, on August 25, interested people discovered that another equity stake in Shi Yuzhu's name had been frozen again, with a corresponding value of up to 65 million yuan, a freezing period of three years, and the enforcement court was also the Beijing Financial Court.

Combined with the first two frozen shares, the total amount is as high as 84.0794 million yuan.

Less than a small goal is nothing to Shi Yuzhu.

According to the 2021 Forbes Rich List, Shi Yuzhu’s latest net worth is US$5.8 billion (approximately RMB 37 billion).

But obviously, this brought a big shock to Shi Yuzhu's "idler" life.

It is hard not to think that a big shot with a net worth of tens of billions has had nearly 100 million yuan in equity frozen.

Considering the recent trend, there are even voices speculating: Will Shi Yuzhu have any connection with his friend Zhao Wei?

There is also a voice that points to a merger and acquisition incident that started five years ago.

In 2016, Shi Yuzhu mobilized top contacts in the industry, and Giant Network joined forces with Yunfeng Fund, Oceanwide Group, Minsheng Trust, CDH and other institutions to form a luxury consortium, spending a huge sum of 30.5 billion to acquire the overseas game company PLAYtika, and in 2016

In 2018 and 2019, PLAYtika was acquired through restructuring three times in an attempt to be incorporated into the listed company Giant Network, but all ended in failure.

The failure of PLAYtika to merge into a listed company means that investors cannot realize their cash, and they may ask Shi Yuzhu or Giant Network to repay related assets.

Behind these consortiums, there are big bosses such as Jack Ma, Lu Zhiqiang and Liu Chuanzhi.

In any case, this is a big test for Shi Yuzhu.

After all, the fear of debt is still deep in Shi Yuzhu's heart.