On October 12, Beijing's Chaoyang police announced that a company related to Yixin had been placed under criminal investigation, that actual controller Tang and Zhao and others had been subjected to criminal coercive measures, and that investors were asked to report to the police and register; the specific charges, the amount involved, and the number of people have not yet been disclosed.
On October 11, CreditEase sent an apology letter to investors in fixed-income-like products, acknowledging that the products were in substantive default. It stated that redemptions had been completely suspended since May 22, that preliminary financial due diligence found the company may be insolvent with a large debt repayment gap, and that market-based disposal efforts had yielded no results.
Master Kong reported instant noodle business revenue of over 13.7 billion yuan, up 2% year on year; Uni-President reported food business revenue of over 5.6 billion yuan, up 4.7% year on year.
According to multiple financial media reports, quasi-fixed-income products under CreditEase Wealth have blown up, and the company has launched the so-called "benign liquidation" starting May 22, 2026.