Evergrande Liu Yongzhuo arrested

On January 8th, #恒大刘永灼被刑拘# (#Evergrande Liu Yongzhuo was detained#) trended on Weibo, as news of Evergrande Auto executive, Liu Yongzhuo, being arrested for alleged criminal activity spread across social media.

Evergrande Auto is a subsidiary of Chinese real estate conglomerate, Evergrande Group. The company focuses on developing electric vehicles. Liu Yongzhuo was appointed as Executive Director of Evergrande Auto in July 2021, following a successful career at Evergrande Football Club.

Social media users across Weibo have been reacting to the news of Liu Yongzhuo's arrest. Some have expressed shock, while others have expressed relief. Here are some examples of reactions:

* "天呐,感觉又要一片天翻地覆了多少人会因为这个受到影响啊..." (Gosh, it seems like another major shakeup is coming. How many people will be affected by this...? - "勇子的勇气的微博视频")

* "刘永灼曾霸气喊话:在国内的冠军,恒大不给你,你就不能抢今天,恒大汽车港交所发布公告,其执行董事刘永灼因涉嫌违法犯罪,已被依法刑事拘留。" (Liu Yongzhuo once boasted that if you don't win the domestic championship with Evergrande, you can't take it away from us. Today, Evergrande Auto announced on the Hong Kong Stock Exchange that its Executive Director, Liu Yongzhuo, has been arrested for alleged criminal activity. - "知书PlanA的微博视频")

* "恒大俱乐部把挣得中国老百姓的钱都给了天价外援 中国资产的流失" (Evergrande Football Club gives the money made from Chinese fans to expensive foreign players. China's assets are being lost. - "用户892580304 的微博视频")

The images provided alongside #恒大刘永灼被刑拘# depict an official-looking letter or document in Chinese. Some users have also posted screenshots of LinkedIn profiles mentioning "EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED."

## Conclusion

As the news of Liu Yongzhuo’s arrest continues to spread, Chinese social media users are reacting with surprise and relief. Many are looking forward to seeing how Evergrande Auto will handle this situation and how it will impact the company’s future. Some are also expressing concerns about potential corruption within Evergrande and its subsidiaries.