Zhongxin.com, June 24, according to the WeChat public account of the Beijing High People’s Court, on June 24, 2020, the Beijing First Intermediate People’s Court ruled that Huang Guangyu should be released on parole according to the application of the penalty enforcement organ. The period starts from the date of parole and ends on February 16, 2021.
Huang Guangyu was born in 1969. In 1987, Huang Guangyu founded Gome. In 2004, 2005, and 2008, Huang Guangyu won the Hurun Rich List for the third time. Huang Guangyu's personal wealth reached 45 billion yuan at its highest.
On November 23, 2008, Huang Guangyu was detained by the police for alleged economic crimes. On August 30, 2010, the court pronounced that Huang Guangyu was sentenced to 14 years in prison for the crime of illegal business operation, insider trading and bribery.