She started from nothing, once the queen of jewelry, with a net worth exceeding 10 billion, and even TV dramas were based on her as a prototype.

But such glory only turned into an illusion after just a few years.
She admired Xu Jiayin, followed him into the real estate industry, and surprisingly lost all her assets in three years, even owing nearly 50 billion.
If she hadn't blindly shifted to real estate that year, Zhou Xiaoguang wouldn't have ended up as a defaulter today.
1. Shifting to the real estate industry on the surface appeared prosperous
In 2000, Zhou Xiaoguang and her husband Yu Yunxin decided to enter the real estate industry, investing most of their assets in property development.
Little did they know, it was this decision that would make Zhou Xiaoguang regret for a lifetime.
She was doing well with jewelry, but Zhou Xiaoguang was not satisfied with the status quo. She saw Xu Jiayin, also a businessman, making a fortune in real estate, and she wanted to try as well.
Initially, their real estate business indeed performed well, despite high risks,
but success brought high profits, so Zhou Xiaoguang expanded rapidly.
During the 2008 financial crisis, everyone avoided the financial sector, especially real estate,
but Zhou Xiaoguang did not retreat at this time; instead, she even took her company public through a shell listing.
In fact, by then she was already somewhat stretched, because due to market and policy reasons, she couldn't sell off large amounts of her properties,
and her investments in other fields had also failed.
The company seemed to be thriving after going public, but whether it could sustain its capital was still an unknown.
In the first few years, the company indeed operated well, and by 2016, the market value was...