Author | Yao Yue Yema Finance
This output also won a lot of praise, "What he said was very down-to-earth", "Simple and crude but reasonable", "You are right, as long as you want to do it, there is no shortage of opportunities."... Some netizens commented and left messages.
Qian Fenglei, nicknamed "Qian Duoduo", is known as "Jack Ma's close friend" and accompanied Jack Ma when Alibaba went public. Another important title is that he is a famous philanthropist who has made generous donations to charity events such as Li Yapeng's Smile Angel Fund. But the original accumulation of Qian Fenglei's wealth has always been a mystery.
In 2020, after being hacked on the streets of Hong Kong, Qian Fenglei disappeared from public view.
After being silent for a long time, Qian Fenglei recently appeared on Douyin, saying that he would not sell products or accept rewards, but only share his experience with confused people. He also showed off his Hong Kong luxury house with many "Jack Ma elements" that he bought many years ago.
What is the purpose of the big guys’ “voluntary chat” on live broadcast?
No goods, no rewards, big guys live broadcast "voluntary chat"
“Don’t try to overtake on a curve, but change lanes to overtake. Every era has its own heroes, and every era has its own entrepreneurial projects…” Speaking with a strong Ningbo accent and often squinting his eyes when stressing, around November 2024, Qian Fenglei quietly made a comeback on Douyin and has been live streaming for some time.
Seeing the big guys live streaming, many netizens first reacted to whether this was a preparation for selling goods, after all, there are many big guys who personally live stream and sell goods. But Qian Fenglei responded clearly that first, he would never sell goods, and second, he would turn off all reward functions. The live streaming was because he saw that many people were confused and depressed, so he wanted to share his experience.
Whether in live broadcasts or short videos, Qian Fenglei, who "volunteers to chat", occasionally mentions some of his own experiences, but he is more likely to express his opinions, and the focus is mostly on making money, counterattack, opportunities, tracks... His two pinned videos, one is "Making money is the kingly way", and the other is "Is it possible to counterattack?"
This output also won a lot of praise, "What he said was very down-to-earth", "Simple and crude but reasonable", "You are right, as long as you want to do it, there is no shortage of opportunities."... Some netizens commented and left messages.
By the end of 2024, Qian Fenglei's Douyin followers had exceeded 250,000, and he had at least 17 fan groups. Based on the upper limit of 500 people, these groups should have gathered more than 8,000 fans.
Taking advantage of his popularity, Qian Fenglei teamed up with financial blogger "Straight Man Finance" Xu Yunfeng, who has millions of fans, to show off his luxury mansion on Pak Ka Road in Hong Kong.
Pak Ka Road is known as the ceiling of Hong Kong's luxury homes. Top Chinese tycoons such as Li Ka-shing, Li Zhaoji and Liu Luanxiong have all bought properties here. In 2014, Qian Fenglei spent 690 million yuan (now worth more than 800 million yuan) to buy this luxury home, which attracted a lot of attention. Now, the interior of the luxury home has been exposed, and the video has received nearly 500,000 likes.
It is worth mentioning that the video in which Qian Fenglei invited the blogger to visit his mansion, in addition to highlighting the "luxury", also deliberately revealed many "Jack Ma elements" - the traditional Chinese character "Fu" written by Jack Ma himself in the elevator hall; there is also the oil painting "Peach Blossom Spring" co-created by artist Zeng Fanzhi and Jack Ma; Qian Fenglei also deliberately pointed out the house of his neighbor "Principal Ma" to the blogger.
Want to use more than 40 million Hong Kong dollars "Jack Ma's real money" to dig gold in Web3.0
One netizen said that in Qian Fenglei's Douyin fan group, an administrator frequently reminded "Those who haven't joined the FoChat Qian's 20,000-person group should join quickly." The netizen downloaded the FoChatAPP according to the process and joined a chat group of more than 20,000 people. It was another lively scene - the administrator posted "Qian's Quotes" in a loop, and group members enthusiastically discussed Web3.0, Bitcoin, etc. There was also a special technical group teaching how to withdraw coins from exchanges.
On the evening of January 1, Qian Fenglei conducted his first live broadcast in 2025. Some netizens said that before the live broadcast, his Douyin fan group of nearly 500 people was disbanded. The content of Qian Fenglei's Douyin live broadcast was similar to the previous one, but in the FoChat group of 10,000 people, they had already started to get to the point.
At present, the US election has come to an end. Based on a series of measures taken by President-elect Trump, the outside world infers that digital assets will have a more favorable regulatory environment. In November 2024, the world's largest cryptocurrency, Bitcoin, soared, and also led to the overall rise in the crypto industry in 2025. This also makes many people who yearn for the myth of wealth creation feel itchy.
At this time, Qian Fenglei also took a fancy to the Web3.0 track and said that he would lead FO-X to enter the blockchain technology. The 48-year-old Qian Fenglei also said in the group of 10,000 people, "FO is the last career of my life, and I am willing to make every effort for it."
It turns out that the "Peach Blossom Spring" emphasized in the luxury house exposure video is the hint of Qian Fenglei's new project.
In 2015, at the Sotheby's auction in Hong Kong, the oil painting "Peach Blossom Spring" co-created by Jack Ma and Zeng Fanzhi started at HK$1.3 million. After 32 rounds of bidding, which lasted 7 minutes and 15 seconds, it was bought by Qian Fenglei for HK$36 million, which including commission reached HK$42.2 million.
At that time, according to Phoenix.com, all proceeds from the auction would be donated to the Peach Blossom Spring Foundation for environmental protection charity.
According to reports, the Taohuayuan Foundation was also established in 2015, focusing on ecological and environmental protection at home and abroad. The organization is backed by many bigwigs, including Jack Ma and Ma Huateng, the "two Ma" of China's Internet industry, as co-chairs of the board of directors, and a number of well-known domestic bigwigs are involved, including Shen Guojun, Ou Yaping, Zhu Baoguo, Zeng Fanzhi, Wang Zhongjun, Yu Feng, Wu Ying, Tang Yue, Song Lixin, and Zhang Shuang.
Qian Fenglei is selling the NFT of "Taohuayuan" that he bought with a lot of money, which is equivalent to digital copyright. According to the poster in the group of 10,000 people, 888 copies of the EPIC legendary version are priced at 15,000 USDT (Tether is a virtual currency that links cryptocurrency to the legal currency US dollar, 1USDT=1 USD), and 8,000 copies of the ordinary version are priced at 1,000-1,500 USDT. It is reported that FO-X will hold a global press conference on January 9, but the current 888 copies of the EPIC legendary version have been pre-sold and the payment channel has been announced.
The administrator emphasized in the group, "Do you think Mr. Qian's circle still needs to be promoted? Mr. Qian wants to give ordinary people a chance." "Taohuayuan" is not only an NFT, but also has many empowerments, including membership rights, communication with bigwigs, increased cognition, and making money from information asymmetry (equivalent to joining a super high-quality knowledge payment group in the crypto).
In this regard, some netizens said that Bitcoin is very popular and this is an opportunity that they hope to seize. However, some netizens said, "There are many similar projects now. If they succeed, they are called blockchain, and if they fail, they are called fraud."
NFT is a kind of virtual asset, which is unique based on blockchain technology and can be understood as a "collectible" or "artwork" in the Web3.0 digital world. The value of NFT comes from its scarcity, uniqueness and people's recognition of it.
In 2021, at Christie's auction house, the NFT digital artwork "Everyday: The First 5000 Days" was sold for US$69.34 million (approximately RMB 450 million), setting a new record for digital artwork sales and also making the word NFT enter the public eye.
NFT has many meanings. For example, blockchain technology ensures the uniqueness and traceability of digital assets, so that original works cannot be easily copied or misappropriated. However, NFT investment is still in the development stage, and complaints and disputes about some digital collections and platforms have occurred from time to time in recent years.
Wu Gaobin, co-founder and executive vice president of the Web3.0 Committee of the China Association for Promoting Democracy, said that although the NFT market is growing rapidly, investors must be cautious when deciding whether to invest in NFT. "On the one hand, the NFT market is highly volatile, and prices are easily affected by market sentiment. On the other hand, there are also criminals who use emerging concepts to commit fraud. Common traps include false propaganda, project owners running away, market manipulation, etc."
Regarding domestic and overseas investments in NTF, Wu Gaobin also stated that domestic investment in NFT: policy risks. Mainland China has strict regulation on cryptocurrencies, and investors need to pay attention to relevant policy developments. At the same time, due to the limited number of domestic exchanges, investors may face trading inconveniences and insufficient liquidity. Overseas investment in NFT: different countries and regions have different legal provisions on NFT, and investors need to understand and abide by local laws. Since it involves cross-border transactions, exchange rate fluctuations may affect investment returns.
Who are the 50 friends who contributed 50 million US dollars?
As mentioned above, the group chat administrator repeatedly emphasized "Mr. Qian's circle". On December 12, 2024, an article published by the technology media "36Kr" also mentioned that for the FO-X project, Hengfeng International completed 100 million US dollars, which was also the company's first financing. Chairman Qian Fenglei himself invested 50 million US dollars, and the rest of the funds came from his 50 old friends.
It is still unknown who the 50 old friends are. However, the group chat administrator, who appeared as a "mass intelligence officer", sent a message in the group of 10,000 people more than once, "The 8 shareholders mentioned by Mr. Qian: Cao Guowei, Cai Wensheng, Zeng Fanzhi, Li Lin, Shen Guojun, Yu Guoxiang, Lin Jiali, Wu Guangming."
Searching public information, among the well-known bosses with the same name as these shareholders, many of them were mentioned without direct cooperative relationships or clear personal relationships with Qian Fenglei, but instead were shown to have many connections with Jack Ma.
In 2014, Alibaba officially landed on the New York Stock Exchange, becoming the largest IPO in the history of US stocks. On the night of the listing, three people from Ningbo appeared around Jack Ma, in addition to Qian Fenglei, the other two were Shen Guojun and Yu Guoxiang.
Shen Guojun, founder and chairman of Intime Group, built the "Intime Group" that is well-known in the capital market. At one time, he controlled or participated in more than 100 companies. Because he frequently hunted A-share companies, he was also called a "capital hunter." There is even a title about Shen Guojun that is directly "Jack Ma's friend", and his business trajectory also has many intersections with Jack Ma's "Ali Group".
In 2010, Shen Guojun participated in the establishment of MyBank and was also one of the initiators of Yunfeng Capital, a private equity investment fund initiated by Jack Ma and Juzhong Media founder Yu Feng; in 2013, Cainiao Network was established, Intime held a 32% stake, and Shen Guojun became CEO; in 2015, Alibaba increased its stake in Intime and became Intime's largest shareholder; in 2017, Shen Guojun and Jack Ma joined forces to privatize Intime Commercial, which became Alibaba's new retail sector after delisting.
In recent years, Shen Guojun, who once built the "Yintai Group" with precision and tough style, has gradually begun to "withdraw" from the A-share market, and his capital map has also shrunk.
Yu Guoxiang was once widely known for acquiring Shanghai's first five-star hotel, the Jing'an Hilton Hotel. He later became famous for buying out the operating rights of the Hangzhou Ring Expressway for US$1 billion.
Yu Guoxiang was also directly implicated in the sensational Shanghai social security case and was sentenced to two years in prison with a three-year reprieve in 2008. After his release, Yu Guoxiang did not keep a low profile, but joined hands with Xu Jiayin to start real estate development in Ningbo. In addition, Yu Guoxiang also managed Leyou Technology (1089.HK) for several years, which was delisted in 2020.
However, to the outside world, Yu Guoxiang's original accumulation remains a mystery.
In addition to the above two, there are three other capital tycoons, each of whom has well-known listed companies under their umbrella.
Cao Guowei is the actual controller of Weibo-SW (9898.HK), a subsidiary of Sina. It is widely known that in 2013, Alibaba purchased the shares issued by Weibo through its wholly-owned subsidiary. Since then, the two have had closer business ties. Currently, the "Ali-affiliated" company is the second largest shareholder of Weibo-SW. According to public reports, Cao Guowei also has personal contacts with Jack Ma.
In addition, Zeng Fanzhi and Li Lin are more closely connected with the content of Qian Fenglei's project this time.
Zeng Fanzhi, who created "Peach Blossom Spring" with Jack Ma, is a contemporary Chinese painter. His masterpiece "The Last Supper" was sold at a price of 180 million yuan. According to the financial analysis and investment platform "Global Tiger Finance", in 2015, when Jack Ma and Shen Guojun visited Fenghua City, Ningbo, Zeng Fanzhi was among the group of people traveling with them.
Li Lin is the founder of Huobi, a bitcoin trading platform. Huobi was once the largest bitcoin trading platform in China, but as the regulatory intensity increased, it stopped mainland users from trading. According to the group chat of 10,000 people, Qian Fenglei transformed Firechat, an instant messaging social platform vertical to the blockchain field, which was launched by Huobi Group, into the current FoChat.
Qian Duoduo dancing wildly under the knife
Qian Fenglei's hometown is Lin Village, Hengjie, Ningbo. During the live broadcast, Qian Fenglei also mentioned his childhood poverty and leaving home to make money very early. As for his experience after leaving home and the accumulation of his original wealth, the outside world is very vague. The most speculated by the outside world is that he earned his first pot of gold in life by working as a "stacker" in Macau.
An important label for Qian Fenglei is "Jack Ma's close friend". In addition to accompanying Jack Ma when Alibaba went public, according to the self-media "Chai Naer" report, Qian Fenglei and his father Qian Youding hold a considerable share of Ant through Yunfeng Fund.
Another important title of Qian Fenglei is philanthropist. His initial fame was also due to his generous donations to charity activities.
In 2006, Qian Fenglei, who was just 30 years old, bought a painting for 5 million yuan at the auction of Li Yapeng's Smile Angel Fund, which won a lot of attention. Since then, Qian Fenglei has become a frequent visitor to the charity activities of the Smile Angel Fund. In 2012, he bought the last lot of the auction - Xinjiang Hetian Jade Guanyin for 20 million yuan; in 2013, he bought the oil painting "Looking at the Moon" for 30 million Hong Kong dollars, which was ten times higher than the reserve price.
The nickname "Qian Duoduo" was originally coined by Li Yapeng. Qian Fenglei even said after winning the auction item, "I don't have time to contribute, so I have to pay a little."
According to Zhengtan Finance, many friends who are familiar with Qian Duoduo said that he is a very nice person and very generous. Friends who have had business dealings with him in casinos even said that Qian Duoduo is a type of person who is stupid and rich, and he often gets scammed.
Wu Guangming is the actual controller of Yuyue Medical (002223.SZ), the leader in the home medical device industry. According to a report by the medical self-media "Jianshiju" in 2022, Wu Guangming is also a limited partner of Yunfeng Fund. Yu Rong, the founder of Yunfeng Fund and Meinian Health, participated in Wandong's private placement and entered Wu Guangming's capital bureau. In 2017, Jack Ma, Yu Rong, and Wu Guangming also jointly took over the Italian company Parkson Medical, which mainly engaged in ultrasound medical imaging solutions and dedicated MRI systems.
Cai Wensheng, one of the founders of Meitu and the largest shareholder of Meitu Inc. (1357.HK), is also a well-known domestic investor who has invested in many well-known projects including but not limited to Baofeng Video, 4399 Game Platform, and 58.com.
It is worth mentioning that Cai Wensheng is very open to the "speculative bubble" of virtual currency. In 2021, under the impetus of Cai Wensheng, Meitu purchased a large amount of virtual currency many times, which forced Meitu to issue a profit warning when the market value of Bitcoin and Ethereum plummeted. However, with the recent surge in Bitcoin, Meitu announced that it would complete the liquidation of cryptocurrencies on December 4, 2024.
Qian Fenglei was not only cheated, but also suffered a bloody disaster.
In 2014, the chairman of Shengxiong Group, Lin Shengxiong, was in financial difficulties and faced many lawsuits. He thought of a side job - going to Singapore to participate in gambling. However, due to some titles at the time, Lin Shengxiong was not convenient to go out in person, so he found Qian Fenglei to provide him with chips through an introduction.
Lin Shengxiong won about 42 million Singapore dollars in one fell swoop, which was what he wanted. However, Lin Shengxiong found Qian Fenglei again and accused Qian Fenglei of stealing the code. The two sides argued endlessly and even escalated sharply.
According to the report of "Zhengtan Finance", on November 14, 2014, Lin Shengxiong ordered people to dig a pit on the top of Longwei Mountain in Wencheng County, Wenzhou City, and led Qian Fenglei there, intending to "bury him alive". After a tug-of-war, Qian Fenglei was forced to give Lin Shengxiong 250 million yuan in January 2015 to avoid disaster. However, Lin Shengxiong was still not satisfied and continued to blackmail. In the end, Qian Fenglei chose to call the police, and Lin Shengxiong and others were imprisoned.
On the same day six years later, on November 14, 2020, when Qian Fenglei and a man surnamed Fang were leaving the Convention and Exhibition Dynasty Club on Harbour Road in Wan Chai, a private car suddenly arrived and three knifemen got out of the car to chase and kill Qian and Fang. Afterwards, Qian Fenglei also offered a reward of HK$10 million for clues, but no clear news has been released so far.
It was also after that that Qian Fenglei rarely appeared in the public eye as a news figure, apart from his past in the capital industry, until this high-profile appearance.
It is worth mentioning that the recent comeback of another person has also attracted much attention, that is Zhao Wei, who has been silent for a long time. She first posted a message to mourn Qiong Yao, and then announced the news of her divorce from Huang Youlong. In public news, Zhao Wei and Qian Fenglei have appeared in the same frame, and Qian Fenglei and Huang Youlong have also had intersections.
