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 Two days after announcing the cancellation of the lunch with Buffett, Sun Yuchen issued an apology letter on Weibo today. Regarding the Buffett lunch, he said that he has experienced unprecedented turmoil in his life during this period. Due to his immature words and deeds, youthful energy, and unrestrained words, it gradually evolved into an out-of-control, stalled, and failed over-marketing. In the letter, Justin Sun also apologized to Mr. Wang Xiaochuan, CEO of Sogou, and said he deeply regretted these vulgar hype and marketing behaviors and hoped to gain his understanding. Sun Yuchen said that due to illness, he will take some time off in the future, reduce his Weibo posts, thank guests behind closed doors, reduce interviews with the media, and return to the deep cultivation and research and development of blockchain technology from marketing hype. In the past 48 hours or so, Justin Sun has made waves in the currency circle and the Internet field. ●At 5:49 a.m. on July 23, Justin Sun posted on Weibo that he had canceled his lunch meeting with Mr. Buffett. Regarding the reason for the cancellation, Sun Yuchen said that he was being treated in the hospital due to a sudden kidney stone. His current physical condition is stable and he is in the recovery period. He is unable to be interviewed. Please forgive me. ●At noon on July 23, in response to media reports that Sun Yuchen’s cancellation of Buffett’s lunch was suspected of illegal fund-raising, money laundering, pornography and gambling, Sun Yuchen posted a response on Weibo saying that the pictures of the conversation posted online were not true and were all photoshopped.； It is false to report illegal fund-raising and money laundering online. Sun Yuchen said that Peiwo App is a voice social product used by young people. As a platform, we are firmly opposed to some negative energy content generated by users on the platform and will cooperate with regulatory agencies to carry out network clean-up operations as soon as possible to improve the quality of supervision. However, is the Paiwo APP that Justin Sun is so proud of really legal and compliant? As early as June last year, Xinhua News Agency named Paiwo APP when investigating the spread of pornography on the live broadcast platform to the audio live broadcast platform. The anchor encourages listeners to reward and buy gifts for listening to provocative content. According to 21st Century Business Herald, the Peiwo APP has been removed from the App Store. Some netizens broke the news that Paiwo APP has been full of pornographic information and even paid pornographic escorts. It was not until after the announcement of lunch with Buffett that the pornographic content was removed. The latest news is that through the National Enterprise Credit Information Publicity System, it was found that the main company of Peiwo APP, "Guangzhou Peiwo Information Technology", is making a creditor announcement and plans to apply for deregistration due to the resolution to dissolve. ●At around 23:00 on July 23, Caixin reported that Justin Sun, the founder of the TRON Foundation, has been placed under border control, and the Mutual Finance Regulation Office has recommended that the public security file a case against him. ●In the early morning news of July 24, Sun Yuchen posted on Weibo late at night in response to the border control issue. He said that Caixin.com’s report is completely untrue. I am fine and will meet the outside world after my condition recovers and improves. This worries everyone.  He also started a live broadcast on Twitter to prove that he was in San Francisco. During the live broadcast, he also said "Everything is ok" and "I'm feeling better". It can be seen from the picture that behind Sun Yuchen is the Oakland Bay Bridge (Bay Bridge), a landmark building in San Francisco. Previously, according to Caixin reports, Justin Sun, the founder of the TRON Foundation, has been placed under border control, and the Mutual Finance Regulation Office has recommended that the public security organs file a case against him. It is understood that Sun Yuchen was not on the watch list of regulatory agencies before, but because of his relationship with Buffett and continued speculation, he came into the sight of regulatory agencies. ●On the morning of the 24th, Sun Yuchen posted on Weibo to respond to the cancellation of Peiwo App, saying that company establishment and cancellation based on commercial considerations are normal business behaviors and do not need to be over-interpreted. The establishment of a new entity and the dissolution of the old entity will not affect normal business operations. The National Enterprise Credit Information Publicity System shows that Guangzhou Peiwo Information Technology Co., Ltd., which is wholly owned by Sun Yuchen and serves as the legal representative, is making a creditor announcement. The announcement period is July 18, 2019 - September 1, 2019. The rights holder announcement information shows that on July 18, 2019, Guangzhou Peiwo Information Technology Co., Ltd. was disbanded due to a resolution and planned to apply to the company/farmer professional cooperative registration authority for deregistration. Creditors are requested to 45 days from the date of announcement. Report claims to the liquidation team within the day. The creditor is Accompanying Joy (Beijing) Technology Co., Ltd. ●On July 25, Justin Sun issued an apology letter on Weibo today.  Since announcing the successful bid for Buffett's lunch at a sky-high price of US$4.56 million (approximately RMB 31.42 million) on June 4, the controversial post-90s generation has made many hot searches for contracting: Wang Sicong, Sogou CEO Wang Xiaochuan, photographing Buffett's lunch, and refuting rumors that Buffett's lunch was cancelled. In February this year, Sun Yuchen announced on Weibo that he would spend 10 million to support Zhao Yu. Recently, he also said that he would spend 10 million to support Xpeng Motors' consumer rights protection, and invited US President Trump, who is not optimistic about Bitcoin, to attend Buffett's lunch. Don't miss any opportunity to make a splash. In late 2018, a recording of teacher Li Xiaolai was exposed. In the 60-minute recording, Li Xiaolai not only admitted that he was engaged in air coins and cutting leeks, but also emphasized that Sun Yuchen and his Tron were liars and deceivers. Instead, Justin Sun posted on Weibo to stir up the topic, saying that he was lying. Justin Sun, who photographed Buffett after having lunch, started to "rip apart" Wang Xiaochuan again: When we were recording a show together in 2014, "I will never forget the way he looked at the liar in his eyes. He said that I was a liar and would definitely fail. It was a shame to record a show with me. In the end, I couldn't even record it." Later, within three years, our company’s market value exceeded Sogou’s. In life, people who look down on you will spur you on more deeply. ” When Li Xiaolai's recording was leaked and he accused him of being a liar, Sun Yuchen posted: "I heard I was shot while lying down again."”； Wang Sicong commented on his bid for Buffett’s lunch in Moments, and Justin Sun took the initiative to post on his blog, “I heard Wang Sicong scolded me? ”This approach of proactively seeking scolding is even more confirmed in the GQ report: He has never concealed his strong desire for fame and wealth that far exceeds that of ordinary people. Wealth may be secondary, but be sure to get as much attention as possible. ……“I really can't stand loneliness. When I weigh whether to do something, whether it is hot or not is very important. Someone must listen to me. Even if you scold me? ” The "Buffett Lunch" that was auctioned became a huge billboard for Justin Sun for nearly two months. This is probably something Buffett himself did not expect. Now, when regulators have intervened, what awaits Justin Sun? Source: iResearch.com compiled from Chinese Entrepreneur Magazine, Phoenix Technology, 21st Century Business Herald, Huaer Street Reference, etc.  |
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