#数字资产生态回暖 A classic case about entrepreneurship and credit.
Duan Yongping once said that the core reason he left Xiaobawang was very simple—trustworthiness of the boss. When he took over, the company was losing 2 million yuan, but he managed to increase annual sales to 1 billion yuan. The initial agreement was a 70-30 shareholding, but then boss Chen Jianren kept changing his mind, pushing it to 19,81, and finally outright refused to acknowledge the agreement.
It could have ended there. But the problem was, when recruiting the team, Duan Yongping had repeated word-for-word the promises made by the boss. He could tolerate being patient himself, but he couldn’t betray the brothers who followed him—that became his bottom line. So he chose to resign.
What’s even more heartbreaking was the chain reaction that followed. Almost all of the "Four Heavenly Kings" of Xiaobawang’s development department, along with the heads of product, sales, supply chain, and warehousing—eight core departments—left with him. The team disbanded, and the company was finished.
Later, Duan Yongping went to Dongguan to establish BBK, while Chen Jianren’s side went bankrupt by the end of 2020 and was even restricted from high consumption. Two choices, two endings. Sometimes, trust is more important than calculations.
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CryptoHistoryClass
· 12-16 15:57
ngl this is just the dot-com bubble playbook but with chinese characteristics... dude builds value, gets fucked over, entire team walks, company collapses. *checks notes* yep, mass delusion about who actually matters always ends the same way. trust > greed, who knew right
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bridge_anxiety
· 12-15 06:10
Credit bankruptcy is more frightening than financial bankruptcy. Duan Yongping's brilliance lies in not sacrificing his brothers for short-term gains, which ended up helping him gather the entire team... Chen Jianren deserves it.
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PhantomMiner
· 12-14 17:50
Trustworthiness is truly valuable. Brother Duan's story is a textbook example, and the entire team followed suit. This is what people's hearts truly yearn for.
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DAOdreamer
· 12-14 17:45
Credit is worth more in the crypto world... Just look at Duan Yongping's move, he directly took the entire team away. Chen Jianren's side is completely finished, and he's still being restricted, serves him right.
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MoonRocketTeam
· 12-14 17:43
Trust is something that surpasses any booster. Duan Yongping's team directly resigned en masse, and boss Chen Jianren entered a downward trajectory, ultimately crashing hard... This is the market's punishment mechanism for those who break trust.
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OldLeekConfession
· 12-14 17:41
Wow, this story is incredible... A boss literally lost a billion-dollar business just because of greed for a small share price difference. Duan Yongping's approach is brilliant, directly taking the core team’s loyalty away—that's what you call pulling the rug out from under them.
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BearMarketSurvivor
· 12-14 17:23
This story is about what Web3 needs to learn: a credit collapse is even harder to recover from than a capital chain break.
#数字资产生态回暖 A classic case about entrepreneurship and credit.
Duan Yongping once said that the core reason he left Xiaobawang was very simple—trustworthiness of the boss. When he took over, the company was losing 2 million yuan, but he managed to increase annual sales to 1 billion yuan. The initial agreement was a 70-30 shareholding, but then boss Chen Jianren kept changing his mind, pushing it to 19,81, and finally outright refused to acknowledge the agreement.
It could have ended there. But the problem was, when recruiting the team, Duan Yongping had repeated word-for-word the promises made by the boss. He could tolerate being patient himself, but he couldn’t betray the brothers who followed him—that became his bottom line. So he chose to resign.
What’s even more heartbreaking was the chain reaction that followed. Almost all of the "Four Heavenly Kings" of Xiaobawang’s development department, along with the heads of product, sales, supply chain, and warehousing—eight core departments—left with him. The team disbanded, and the company was finished.
Later, Duan Yongping went to Dongguan to establish BBK, while Chen Jianren’s side went bankrupt by the end of 2020 and was even restricted from high consumption. Two choices, two endings. Sometimes, trust is more important than calculations.