# Pig-Butchering Scam

The Junket’s Gambit: A Billionaire’s Influencer Pivot Meets a Hong Kong Stock Crash

The dramatic collapse of Kingwisoft’s stock has ignited a controversy surrounding its major shareholder, former Macao junket operator Qian Fenglei. Despite his efforts to rebrand as a legitimate philanthropist and social media influencer, the crash has revived scrutiny over his business practices and the risks of Hong Kong’s small-cap stocks.