In the cryptocurrency circle, must AI also go through the river again?

Surviving under strict regulations, Web3 can indeed provide Manus with some life lessons.

After the 94 incident in 2017, many exchange owners and core personnel were restricted from leaving the country,

with some even unable to leave Beijing.

Border controls are not terrifying; what is terrifying is having money in your hands and clearly knowing how much you have.

Subsequently, Beijing and other places took the lead in establishing a blockchain ecological investment fund.

Who provided the money? It came from the well-known founders of exchanges.

But this is just like in a romantic relationship, where one party unilaterally proposes a breakup; no matter how much negotiation happens, you can never return to the past.

The growth of the cryptocurrency circle has completely flourished in an environment where no one cares, relying on its own hard work to blossom;

while Manus's initial success was benefited from environmental dividends and indirect policy support.

Against the backdrop of Sino-U.S. technological competition, the Manus team chose to take a 'Singapore bath', high-profilely de-Chinazation.

But did Xiao Hong and others not know how to return home?

That would definitely serve as a warning, and at the same time, the VIE outbound model has basically declared its end.

This time, Manus should understand: making a RMB fund, focusing on hard technologies that align with national strategies, and honestly listing on the A-share market is the right way to go.