She Once Had A Net Worth Of 600 Million Yuan; Now, She Is Bankrupt And 300 Million Yuan In Debt
She Once Had A Net Worth Of 600 Million Yuan; Now, She Is Bankrupt And 300 Million Yuan In Debt
She Once Had A Net Worth Of 600 Million Yuan; Now, She Is Bankrupt And 300 Million Yuan In Debt
She once had a net worth of 600 million yuan; now, she is bankrupt and 300 million yuan in debt. This video tells the true story of her journey from wealth to bankruptcy, uncovering the reasons behind it—blind investments and excessive ambition….
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Their social credits boiling in their veins 😢
yeah… if have bribe people to get a project then you are just as bad as them and deserve the pile of debt. Best not to play debt nukes… how about a game of chess?
The man born in the 70’s said it best, how can anyone move forward or even trying to repay debts with everything being frozen..
money is slavery 🙂
Lesson: never go into debt
As a human, men should learn and know their own limitation.
Money that circulation inside a country, it has the fix amount of finite.
therefore when there is a good time, you should aware that bad time is not very far away.
A philosophy Laozi once said that
happiness comes with sadness and sadness comes with happiness not very far away.
So mistake and failure are their for men to learn.
At this moment, I am wiser because I learn from many other people failure.
I really hope that this video is greatly exaggerated and that these people arent really suffering so much
The upfront payments are the bribes for the government officials
Don’t get a fake diploma, don’t marry, don’t get kids, just lie down and enjoy the singing of the birds. Where are the birds? Eaten?
Otherwise the CCP would have robbed you from your money
Personally, didn't much cared about her past achievements, but then again, stopped and thought properly about it. When she said she let the fame and praise get to her head, this is what she is talking about.
Rather then be more prudent, she went all in and made mistakes. Still more likeable than most as she is at least able to see where here issues were. Hope she successfully gets out of debt.
I all of those assets you save nothing?…
People shouldn't feel bad. It is their current economy. I wish that lady quit while she was ahead before the downturn.
I have $300,000 in the bank, own my own home, and work a regular 9-5 office job in my 40s. I'm very grateful in life and feel all my needs are met. I do not need the headache of managing a multi-millionaire dollar business and not being able to sleep at night worrying about it. Keep life simple. Enjoy it. Don't complicate life and make it too stressful.
Greed is the big problem.
Does anyone verify this? I find it hard to believe, most likely a fake to get likes. China is full of that kind of shit.
I have no tears. It wasn't ambition but greed that lost all the money. You play you pay.
Everybody is an expert in investment during the bubble few can be said for bearish market
These stories are horrible. However, the Chinese need to learn that debt is the main cause behind these stories. This may be okay if the economy is strong. However, when a normal business cycle ends (the bubble pops), this debt will likely wipe you out.
How come none of them blame the prolonged lockdown by the Corrupt Corporate Politicians.
Bussiness in Africa😢 Oh no.The people there have different moral of working😮
Too rapid econo growth makes these people blind and deaf, until fire of debt teaches their feet, it too late.Try to live luxury western life style without real through know how.😂
This video, is quite frightening to anyone who watches it through but, what it left out is the fact that, most banks and other financial institutions in China are publicly owned and not privately owned. Debts by people to public owned financial institutions are forgivable over time, but debts owned to private financial institutions like in the western countries, not so much. Its only a matter of time for everything to change for the better..😒
The lady at the beginning is a scammer IMO. She will never be able to repay her debt although she says she will.
what is the app that chinese use to post these videos?
She should be happy though that she gave many people jobs and contributed to society, rather than just think about her own life, life isn't all about just you.
Debt is the enemy of us all. It is they to whom all debt is owed will use crises they mastermind, like covid, wars, financial collapses, etc to take all that one has built up and accumulated with many years of effort, risk taking and sleepless nights.
Engineering ? The man means construction, its the same word in Chinese. The AI translation simply cannot tell the difference.
Regrets stem from passionate ambitions reevaluated in hindsight. By applying foresight and logical consequence consideration, she could have reduced or avoided regrets.
Regrets are the result of ambition base on emotions in hindsight. She could have avoided or limited her regrets if she had foresight and anticipate the consequence of her choices using logic.
You were rich because you had debt 😂 you lost cos you were greedy and over ambitious…know your limits
You were rich because you had debt 😂
Good lady. Speak up so others can learn from her experience. Honest.
At least she could have used the money to fix her teeth…
"female entrepreneur bla bla bla" IDGAF.
I suspect excessive debt caused her downfall.
It looks like the guy at 6:10 is going through hell, and I hope he gets through it, but stories like this should be shown to all young potential investors as a warning as to what can happen if you invest too much too soon. I guess guys like this saw the success stories of others during the boom and assumed the same was going to happen to them, and now they'll have to learn the hard way.