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Hello everyone, I am Lao Xu.

Last night, Oriental Selection announced that Dong Yuhui had resigned, and its subsidiary Yuhui Tongxing was spun off and given directly to Dong, allowing him to be his own boss.

This was bought for more than 70 million, but the money was given by Yu Minhong.

When a core employee resigned, the boss bought a company that made 140 million in half a year and gave it to him. Worried that he might not be familiar with it, the boss gave them the parent company's system for free.

It sounds like this boss is a saint.

This is actually true.

Yu Minhong is using money to win favor. Anyway, Dong Yuhui is leaving and there is no way to stop him. As for the business model of live streaming with goods, without the anchor, everything else is useless.

Now, he has spent tens of millions of dollars to help Dong Neng build a personal image for himself, in order to avoid the negative traffic caused by his resignation, which would result in greater losses.

From the outside, it seems that the older the better, but from a business perspective, it is the lesser of two evils, the preferred choice after weighing the pros and cons.

Of course, the premise is that he is really a good boss. Dong Yuhui really made a lot of money this time.

However, Oriental Selection is not a private company, it is a listed company. In addition to the boss, there are a large number of small and medium-sized shareholders behind it, and they are completely unaware of this matter.

Including the details of the resignation were gradually exposed. It turned out that they had been discussing the resignation in March, and even the date (after May 31st) was decided.

It is a bit unbelievable that the core assets of a listed company were divested without the knowledge of small shareholders and the boss even earned a reputation as a big shot.

Yu Minhong also earned his money from the capital market. As a result, the two of them talked and laughed about common prosperity, leaving a bunch of small shareholders who followed them in the wind.

Today, Oriental Selection plunged 25% at the opening, and as of the time of writing, it was still down 20%, a loss of billions in one day.

I saw many shareholders online saying that they were going to defend their rights and sue Yu Minhong. This matter is indeed a bit outrageous.

Old readers should still remember that when Dong Yuhui first became popular, everyone was just watching the show. I suggested that everyone look at their stocks, which would be beneficial. We also have internal members who successfully bought at the bottom.

But after that wave, as early as last December, I reminded our private meeting internally,Don't buy it.

Looking back now, Oriental Select’s high point was over 70 Hong Kong dollars, but today it is only over 9 yuan, and most investors have lost all their money.

After the divestiture of Dong Yuhui, the agency quickly lowered the future earnings of Oriental Selection. It is hard to say whether the stock price can hold up...

The core reason is that a listed company relies entirely on anchors. If someone like Dong leaves, the company will be ruined. The business model is too fragile!

I see people online are happy for Dong Yuhui and Yu Minhong, saying that this kind of friendship is rare to come by, and I agree with that.

But I feel even more sorry for the investors who bought into the stock market. They thought that investing in Hong Kong stocks was value investing, but they didn't expect that the same tactics of killing off small shareholders would continue.

It is indeed a cautious investment approach to invest in most Chinese stocks listed in the US.

Last night, I had a two-hour live broadcast for our members, and I talked about many points that cannot be discussed in public, especially the part involving A-shares. Many people gave timely feedback.

We plan to hold a free live broadcast this Sunday to chat with non-members, which may reveal some directions.

Because it is free and anyone can participate, the number of places is limited.There are currently a small number of viewing seats available. If you are interested, you can ask the assistant to make an appointment for the live broadcast.

I would also like to remind everyone that there are many fraudulent stocks in the Hong Kong stock market (excluding Oriental Selection), and they really do everything they can to get what they want.

Moreover, unlike the U.S. stock market, the accountability in the Hong Kong stock market is not very serious, so many companies go there to cash out.

Everyone should invest carefully.There are less than 10 companies that can be invested in there., most of it is garbage.

There is also some good news for everyone. Last night, a large amount of funds bought Chinese stocks (Tencent, Meituan, etc.). Did they get any signals in advance?

I also recommend reading last night’s article: