Suning Group founder Zhang Jindong's assets have been cleared to zero - the news is all over social media. Looking back, my first job after graduation 16 years ago was as a journalist following my boss to visit the very first company - Suning headquarters. Back then, the second-in-command at Suning was the one hosting the press conference with us. Now, due to poor management and massive debts from Evergrande, everything has collapsed overnight - from riches back to rags in just 10 years. It's truly lamentable.

As a famous rich second-generation, Suning's scion Zhang Kangyang returned to helm the sports industry with great fanfare. For a time, his achievements were unparalleled - he even acquired the Italian Serie A powerhouse Inter Milan, which won the Champions League runner-up. Yet due to the conglomerate's debt crisis, the club was sold to American capital just two years ago and is now a sponsored team of @Gate_zh exchange.

It just shows that in the face of an era, all efforts pale in comparison. One old era has truly ended, and a new era is about to begin......