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隨心書寫

Diary

No framework, no plan, just writing. About the workplace, about systems, about how a person finds their own language within the machine.
// Unfiltered thoughts, unscripted words.

Featured Article

Postscript: The Normal and the Abnormal in a High-Stakes Gamble

Re-examining the Lofter Group case through the lens of 'you bet, you lose': the gamble was normal, the PG was normal, the high leverage was normal — the only thing that was not normal was who got pushed onto the gambling table.

conflict-of-interestinformation-asymmetryrisk-transfer2026.06
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china2026-06-01

China's 'High-Speed Industrialisation System' and the Real Problem of Global Competition

Dissecting the structural advantages and costs of China's high-efficiency industrialisation system, and the real problem if this model becomes the global mainstream.

5 min read
conflict-of-interest2026-05-29

Layer Eats Layer — The Food Chain Structure of the Lofter Group Case

Dissecting the multi-layered harvesting structure among PE funds, developers, and retail investors in the Lofter Group case, and how the lawyer food chain stripped the entire system of its braking mechanism.

15 min read
business-model2026-05-29

Fee Structure Determines Freedom of Speech — From Independent Counsel to Independent Creators' Business Models

Extending from the transcendent business model of independent counsel to the food YouTuber dilemma and the fee-structure design of independent creators.

7 min read
conflict-of-interest2026-05-29

Lawful Unfairness and Unlawful Deception — The Dividing Line Between Two Kinds of 'Fraud' in the Lofter Group Case

Using standard startup financing as a control group, this article dissects the dividing line between PE contracts' lawful suppression and Lofter's information asymmetry toward investors, along with what everyone in business must know about PG risk.

12 min read
narrative-manipulation2026-05-20

Invisible Violence, and a Book No One Asked Me to Write

7-Day Writing series: an engineer's account of systemic workplace violence across three companies and three regions, and why he decided to write it down.

35 min read