The cycle is repeating, tragicomedy is repeating, and the bizarre private placement industry is full of elites, not to mention swindlers, the temptation of high returns, the impulse to take risks, the cycle of ups and downs, the separation and opposition between recklessness and elitism, and walking on the blade at every step of the gold medal winning journey. Welcome to the wechat subscription number of “Sina Technology”: techsina Wen / Deng Xiaoxuan Because of the high investment threshold,...