The Hong Kong listed company Jingwei Tiandi, controlled by Jack Ma's close friend Qian Fenglei, suddenly fell from 7 yuan to 90% and ended up dead. The key is that it was just included in the Hong Kong Stock Connect this month, allowing mainland users to use RMB to purchase its Hong Kong stocks. This wave has cut off many mainland users. In the current sensitive period of China's strict management of stock market funds, Qian Fenglei's operation can be described as risking his life for money. As for who is Qian Fenglei? He is nicknamed Qian Duoduo and is known for his generous donations to charity. He is a very mysterious wealthy person in China, claiming to come from a farming family in Ningbo, Zhejiang. However, he now has a net worth of billions. When Alibaba went public in the United States, he stood by Jack Ma's side, and Jack Ma took the initiative to be his neighbor. In 2014, Qian Fenglei bought a luxury house in Hong Kong for 690 million yuan. The following year, Jack Ma also bought a villa next door to him, and he did not shy away from their relationship. Qian Fenglei indirectly invested through Yunfeng Fund and became a shareholder of Ant Group, deeply bound in commercial interests. But Qian Fenglei has never been a fuel-efficient person. In the early morning of 2020, he was chased and killed by three assassins in Hong Kong, and escaped with multiple knives. He then offered a high-profile reward of 10 million yuan on Weibo to catch the killer. In terms of capital operation, Qian Fenglei is also very aggressive, often using the name of scattering money for charity, but his intention to make money is well known to Sima Zhao. Especially in the past two years, he has entered the cryptocurrency circle on a large scale, launching Fo Coin, Taohuayuan NFT, Duoduo Fund, etc. In 2025, after controlling Jingwei Tiandi, he hyped up a company that originally only provided telecommunications services on the Web3+AI theme, which saw a surge. However, the limited amount of funds in Hong Kong stocks made it difficult to exit. Therefore, in March, he was included in the Hang Seng Index, and after the stock split in April, he entered the Hong Kong Stock Connect, which can directly absorb funds from mainland users. Finally, in May, he fell sharply, and this step-by-step operation was closely linked, completing a precise harvest.