Unbelievable. Back on June 3rd, Chalk CEO Zhang Xiaolong went to a domestic university to tell students preparing for civil service exams that they should give up and instead invest in tech stocks and U.S. stocks. His company just disclosed that it lost $8.3 million in stock trading, roughly 56.15 million RMB. Meanwhile, this guy previously bragged about making 53 million from stock trading—basically, he’s lost it all back.