Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
Qi An Xin files arbitration against Xiaoyu Yilian over RMB 290 million equity repurchase after failed listing bet
Because Shanghai Sailian (Xiaoyu Yilian) did not complete its listing as agreed, Qi An Xin filed arbitration with the Beijing Arbitration Commission over an equity repurchase dispute, seeking principal of RMB 200 million and interest of about RMB 90.21 million; in August 2026, the parties signed a supplementary agreement under which the founding shareholders transferred shares to 27 shareholders without consideration, and the listing deadline was extended to the end of 2029. Progress: media report. Entity involved: Shanghai Sailian Information Technology Co., Ltd. Scope: company shareholders and financing.