Chinese man spends US$120,000 on 300-year gym membership, then owner vanishes

Aug 12, 2025 | INVESTING

A man in eastern China has sued a gym after he paid it more than 870,000 yuan (US$120,000) for memberships lasting 300 years before the management fled with his cash.
The man, known as Jin, has also sought the help of a television station to expose the Ranyan Gym in Hangzhou, Zhejiang province.
Jin showed the station 26 contracts he signed with the gym for buying memberships and coaching sessions.
“From May 10 to July 9, I bought about 1,200 lessons and membership cards with an accumulative…

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