After a voice recording of Chinese actor Li Yapeng allegedly “begging for mercy” from his debtors was leaked online, all eyes have been on the 49-year-old to see how he’ll go about repaying his S$10mil debt.

Yapeng, who formally retired from showbiz in 2014, turned his sights to the business world in an attempt to find his “true purpose in life”.

However, it seems that the cutthroat world of business and investing might not exactly be the best fit for Yapeng, and his assets are reportedly frozen by Chinese authorities due to his continued refusal to pay up. 

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