At the dinner party, my friend from the investment bank whispered, "This bull market is a game designed by a few people against the majority." After listening, I broke out in a cold sweat. It's said outside that the funding chain is broken, but in fact, the ending was determined from the full moon banquet at Qiandao Lake. That's not even for celebration, it's the last scene that Mr. Yu showed to investors. ” He told me that the actual net profit on the company's accounts in 2020 was only 540 million, but in order to go public and raise funds, the report was forced to be 860 million. Just for this one item, the magnitude of inflation exceeds 50%. The so-called top 100 dealers have long been empty. The most amazing event was the banquet at Qiandao Lake in 2022. Under the banner of a shareholder meeting and a daughter's full moon, a group of big shots such as Ding Lei were invited. During the banquet, the navy extensively depicted a blueprint for a "luxury car social app", using fake user data to generate over 2.5 billion yuan in investment on site. Most of this money was later not used for business, but instead turned into private yachts, overseas accounts for children, and filling earlier holes. By the time car owners realized that they couldn't pick up their cars after payment and that their employees' salaries were starting to be delayed, the funds transferred by the Yu Navy family through affiliated companies had already exceeded 3 billion yuan. When the Hangzhou headquarters affixed seals, the biggest "asset" inside may have been those few fake accounts that could no longer be reconciled. Now when I think of those car owners waiting for their cars in empty showrooms, I feel a chill behind them. You thought you were buying a Mercedes Benz or Porsche, but in fact, your car model may have been prepaid as someone else's champagne at a banquet thousands of miles away. Have you ever seen a company around you that looks glamorous but has already been hollowed out?