[In 2018, the rift between two major shareholders within the Xu Group became evident, weary from internal strife.
Fuyun Venture Capital's emergence disrupted Xu Jingsong's plans to profit from the internet finance market.
By 2022, the Xu Group faced severe operational problems, just like many real estate companies that year, due to a cold market and a shortage of funds, ultimately having no choice but to survive by cutting losses and substantially shrinking its assets.
Gao Yuan took advantage of this opportunity to acquire high-quality businesses under the Xu Group at a low price, signifying a shift in the balance of power between the two sides.
In 2023, a dispirited Xu Jingsong, harboring hatred for Gao Yuan, was arrested on the spot by the police for attempted murder while intoxicated and clanked off to jail.
The Xu Group was ultimately taken over by Xu Jingfeng and gradually declined…
