Moyu Travel CEO Ma Liping Suspected of Being Detained; Fund Redemption Defaults Erupt

On November 13, 2026, TravelDaily China reported that Moyu Travel founder and CEO Ma Liping is rumored to have been detained. Multiple investors reported the case to police because principal and 15% dividends from maturing investments such as airline ticket investment projects were not redeemed; the 12 people who had filed reports in the rights-protection group involved more than 50 million yuan. The report also said that the company's official website, mini-program and App can no longer be used normally, that some franchisees paid a 16,800 yuan platform usage fee but did not receive the promised services, and that the supplier system may also have unsettled payments. The current progress of the incident is that investors have reported the case to police and platform services have halted; the claim that Ma Liping was detained remains "rumored," and the report did not mention any official notice or further handling results.