Next Ma Huateng?
Recently, Zhang Yufeng, a graduate student from Shenzhen University who has only been out of school for a year, donated 50 million yuan to his alma mater, causing a sensation on the internet. Shenzhen University has called for the cultivation of “10 outstanding alumni of Ma Huateng’s level by the middle of this century”, and some even crown Zhang Yufeng as “Little Ma Huateng”.
However, after a simple investigation, Wu found many doubts, and a former employee of FTX even bluntly said, “I feel like he has delusions of grandeur.”
The journalist from Interface News, who first reported on this, confirmed to Wu that Zhang Yufeng’s 50 million donation has not actually been made. The article also stated that he will “discuss the donation with Shenzhen University on September 28th”. Previously, Wu You, a student at China University of Mining and Technology, promised a donation that was not fulfilled and was sued by the school. Wu You’s famous saying is: “Only blockchain and mental hospitals can save the future of mankind.”
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Zhang Yufeng is a student in Class 2 of the International Economics and Trade major of the School of Economics at Shenzhen University in 2018. It is currently unknown whether he graduated normally. Securities Times reported that his classmates said, “He didn’t take several exams, and we don’t know if there will be any exams later.”
The rumor on the internet that Zhang Yufeng’s father is Zhang Zhidong, an early partner of Tencent, is false. Zhang Yufeng once stated in his own content on the platform “jike” that his father runs a printing factory and under his guidance, the factory was revived. “I lent my father some money and bought a UV printing machine to print star cards.”
Zhang Yufeng claims to be a partner at ABD Venture, a hedge fund in Singapore, but almost no one in the industry knows about this fund and no information can be found. There is a traditional fund with a similar name called ADB Venture. Zhang Yufeng’s Twitter account also claims to be the founder of Encinal Research, but no information about this organization can be found.
Zhang Yufeng claims that he has interned at various top-notch giants such as Shopee, an e-commerce platform in Singapore, McKinsey, CICC, Tencent, and a leading dollar fund since his sophomore year. The authenticity of this resume is questionable. In particular, it is extremely difficult to enter McKinsey and CICC. And such intensive internships are extremely rare. After the above news spread, a McKinsey China employee privately stated that the company is very small, with very few people, and he has never heard of this person.
Zhang Yufeng’s jike account claims that he is an MBA from Stanford. However, considering that he graduated only a year ago, it is generally difficult for MBA programs, especially those from top-tier schools, to accept recent graduates. And he claims to have served as the head of trading at FTX in 2022, making it difficult for him to have time to pursue an MBA.
The most amazing thing is that Zhang Yufeng gave an interview to a well-known podcast in December 2022, talking in detail about his experience as the head of the trading department at FTX and claiming to report directly to SBF.
However, according to more than four FTX intermediate and senior employees such as Wu and Shenchao, they have never heard of this person and believe that his content is impersonating and fabricated. “He seems to have delusions.”
In the podcast, he said that he joined FTX in March 2022 and entered the trading department:
“Because Sam has a relatively high level of authority inside, he establishes his own team, so there may already be one trading team here, and there may be another trading team over there, you can understand why there are trading department one and trading department two.” “I think I am more similar to him (SBF).”
“I have put a lot of emotions into FTX, and our colleagues also have a lot of emotions because FTX is a company model that I really like, with very few people, there were just over 100 when I joined.”
“I went to the Bahamas in May, and I stayed for less than two weeks. I went there because I was urged to go, everyone asked me to go. There were about five subordinates.”
“What I am most focused on is trading, and I took a vacation because I was promoted, so I will be responsible for more strategic things in the future. But it turned out to be in vain.”
A former senior executive of FTX said that since this episode of the podcast aired, he has been asked many times, but there is no such person, and there is no so-called team in the podcast. “I can’t say that I know everyone, but I really feel that this guy has delusions.”
Three months ago, Zhang Yufeng wrote on Jike: “Recently, I have been questioned by the SEC every day, and it is really annoying.”
Many people have consulted Zhang Yufeng, the party involved, and hoped that he would clarify the situation. Shenchao has also added his WeChat in the hope of getting an explanation, but has not received a response yet. As of the time of publication, the party involved has not made any response. We hope that the party involved can provide an explanation for the above doubts. We also hope that Shenzhen University can complete the donation process as soon as possible.
(This article also thanks Mao Di and Shenchao for their contributions.)
Attachment:
Full text of the podcast, can be read in the translated version by Xunfei
https://docs.qq.com/doc/DQ2NhUXlVWVZZZ1B2
Full text of the Interface News report:
https://m.jiemian.com/article/10172291.html
Full text of the introduction of the father
https://www.odaily.news/newsflash/337152?source=share
Jike account
https://m.okjike.com/users/c9ba1e86-69eb-407a-a1e8-a78110bb134b?ref=PROFILE_CARD&utm_source=user_card
Original text of the podcast
https://www.xiaoyuzhoufm.com/episode/63ae7b47e7ab859986035a23
Wu You’s report
https://m.jiemian.com/article/9089831.html
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