ArkStream founding partner: Discussed investment with Li Bojie, but later found his contract was very amateurish, and he hadn't even figured out the unlock mechanism

Odaily Planet Daily News: Ye Su, founding partner of ArkStream Capital, posted on X: "Li Bojie also reached out to us during fundraising. At the time, we thought the project had a good background and expressed interest. Later, during the due diligence phase, we found that Li Bojie intentionally confused funds that were interested with funds that had already invested. Moreover, the contract he sent over was very amateurish, and the team hadn't even figured out the unlock mechanism. One moment they replied, 'We'll decide later,' and the next, 'We can set one now.' So we decided to pass."

Ye Su also mentioned: "Having been in primary market investing for eight years, my deepest insight is that a founder's character has nothing to do with their talent. When founders are at a low point, they are very humble during fundraising. But when they start to achieve results, that's when their true character is tested. Li Bojie is a typical example. He even dares to come out and respond, which shows he feels justified in scamming people for money."