#李笑来 The Peace Hotel investment group of Li Xiaolai and a group of friends has not been liquidated so far. Li Xiaolai’s richest man in the pie has always been an illusion. From the garage coffee era, Master Li has been accompanied by mixed reputations. He was publicly charged for debts the year before last, and last year he secretly posted a video on his WeChat account showing his haggard appearance with white hair. You can tell that he has fallen into trouble. Now that his mixin has been stolen for hundreds of millions of dollars, Master Li is no longer the same Master Li. He has no support, but his mouth can still speak vividly. Our team was fortunate enough to have dinner with Li Xiaolai once in Shanghai, but it was only a casual encounter and we had no further contact or project dealings with him. Face is sometimes the only basis for investment, nothing more.