The reporter noticed that “Patriarch in Red” Zhou Hongyi is planning a big move. According to the Beijing Equity Exchange, Zhou Hongyi plans to transfer 12.9% of Beijing Qifei Xiangyi Business Consulting Co., Ltd., with a reserve price of 219 million yuan. The disclosure period is October 26 to November 20, 2026. If the deal is completed, he will no longer directly hold shares in Qifei Xiangyi.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.