Mastering the Sword Manual, sweeping across the globe

2. Making phone calls and sending text messages one by one is costly, inefficient, and will only earn you the new charge of "harassing users," thus attracting another wave of new votes.

3. This one is even more dangerous: attempting to manipulate the global list of most immoral people. Hmm, you've got some nerve...

Furthermore: Don't be fooled by the fact that all the apps pretend not to be eager to remove negative reviews. The reason they act this way is that they are afraid that if others cancel their votes, or if the votes are cancelled after this round ends, the negative reviews will fall on them in the next round!

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The above describes the desperate struggles of some organizations that have already been attacked, or some that are still somewhat salvageable, as they make the most of their last window of opportunity.

Below are some organizations that are basically beyond saving...

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Global Risk Horizon (GRH) is an independent consulting firm headquartered in London that focuses on providing geopolitical risk and unconventional security threat assessments for multinational corporations, sovereign wealth funds, and international organizations.

Its client list includes the International Monetary Fund, the World Bank, and more than ten Fortune Global 100 companies, and is generally not made public.

October 17, 926

Subject: Extreme Risk Warning for XieChen Group (including wholly-owned subsidiaries such as Trip.com, Skyscanner, and Qunar.com)

Level: ███ Red (It is recommended that the client immediately activate the asset preservation and executive security plan)

Analyst: GRH Asia Pacific Unconventional Risk Group

Dear Customers,

This report aims to highlight a new threat that has not been previously considered in any risk assessment model.

Xie Chen Group and all its subsidiaries are facing extreme risks that could lead to operational failure due to data from the global list of unethical companies.

Before we delve into the specific analysis, we must first clarify a crucial issue for our clients: the position of this report.

GRH has never held any stock, bond, or derivative positions in any company within the Xicheng Group. In the 72 hours prior to the publication of this report, all GRH analysts and their immediate family members have been prohibited from engaging in any securities transactions related to companies within the Xicheng Group.

This report does not constitute any trading advice, [especially not any short-selling advice].

We will specifically address the importance of this point at the end of the report—it concerns not only your asset security but also your personal safety.

The following are key risk signals.

I. The Fatal Inversion Between Ranking and User Base

According to data from the global immorality rankings benchmark organization, Xie Chen Group ranked 168th overall, revealing a fatal anomaly when compared with other business organizations:

Alibaba Group: Over 7 million monthly active users, ranked approximately 190th in the overall organizational rankings.

Pinduoduo: Over 8 million monthly active users, ranked approximately 240th in the overall organizational ranking.

Ugly Group: Over 6 million monthly active users, ranked approximately 280th on the overall organization ranking.

Xiechen Group: Approximately 2 million monthly active users, ranked 168th in the overall organization ranking.

Despite having a significantly smaller user base than its competitors, Xiechen achieved a much higher ranking in terms of "unethical votes."

Converted to per-user voting rate, Xiechen's is 4.7 times that of Alibaba, 6.2 times that of Pinduoduo, and 5.5 times that of Meituan.

Within the global ranking framework of immorality, this implies an extremely dangerous conclusion: the probability of each user on this platform judging "this person/organization as immoral" after using its services is five to six times higher than on other mainstream internet platforms.

Behavioral psychology consultants point out that this level of user voting rate usually only occurs in two situations: one is that the voted party has committed violence or fraud against a specific group of people; the other is that the voted party's business model is based on the systematic harm to users.

Carrying and sinking clearly belong to the latter category.

II. Message board data explodes

The global list of unethical organizations, now in its public beta version, provides a message board for each organization on the list.

This is the first time we have had the opportunity to directly observe the "intensity of hatred" that global users have for a business organization without relying on questionnaires or public opinion monitoring tools.

The following data is as of the reporting time:

Xiechen Group Enterprise Message Board:

Total number of comments: 1,247,306 (approximately 124.7 million), covering 47 languages.

Total likes: 89,432,107 (approximately 8943 million)

The highest number of likes for a single comment: 4,237,189 (approximately 423.7 million).

Compared with two similarly ranked business organizations:

Alibaba Group: Approximately 58 comments, with a total of approximately 2100 million likes, and the most liked single post receiving approximately 89 likes.

Pinduoduo: Approximately 41 comments, 1600 million total likes, with the most liked single post receiving approximately 73 likes.

The number of comments on Xiechen is two to three times that of Alibaba and Pinduoduo.

The total number of likes is four to five times higher.

The highest number of likes for a single post was more than five times that of the original post.

Users' attitude towards it is not simply dissatisfaction; users hate it.

III. Message Content

We conducted semantic analysis on the top 100 comments with the most likes on the Xiechen message board.

The following is a summary of the reasons for the most voted-for votes in each language:

Chinese: "Three phones, three different prices. I bought a ticket with my phone, and it cost 400 yuan more than my colleague's. Same flight, same cabin class, and you're telling me this is algorithm optimization?" (Likes: 423.7 million)

English: "Booked a flight on Trip.com. My colleague sitting next to me paid $180 less." (312.4 million likes)

Japanese: "Trip.comでTokyo - バンコクのAirline ticket reservation. Neighboring seat no private room 4000 yen an かった." (I booked a ticket from Tokyo to Bangkok on Trip.com, and the person sitting next to me got it 4000 yen cheaper than me. Likes: 287.1 million)

French: "Parce que j'ai consulté trois fois le même hôtel, le prix de la chambre a augmenté de 300€. Littéralement, trois rafraçissements, 300 euros." (Just because I consulted the same hotel three times, the hotel's price increased by 300 euros. Three refreshes, 300 euros. Likes: 198.3 million)

Spanish: "After I bought my plane ticket to Thailand, all the restaurants in the area simultaneously increased their prices by 35%. Ironically, on my wife's phone, they were still showing the original price. Of course, only the first check." (156.7 million likes)

German: "My daughter accidentally set my phone to Los Angeles. Plötzlich weurden alle priceise um 20% teurer. Eine halbe Stunde spöter war alles wieder normal." (My daughter accidentally set my phone to Los Angeles, and all the places there increased their service charges by 20%. Interestingly, half an hour later, everything was back to normal. Likes: 134.2 million)

The six highly-rated comments from multiple countries share a common narrative structure: real-time on-site comparison, precise amounts and specific dates, and irrefutable evidence.

Overall comment trend analysis: Compared to emotional venting like "I think you're bad," over 91% of the comments were factual accusations like "I have evidence of your crime."

The data science team conducted a word frequency analysis on the message board.

The proportion of "price discrimination" and "consumer kidnapping" appearing together as keywords is as high as 76.3%. This structural feature indicates that a large number of users have grown from vague "price discrimination" to a group with a clear understanding of the platform's pricing mechanism.

They know they are being exploited by algorithms and are outraged by it.

IV. Operational Path Deduction of "Blue Fist"

The GRH Unconventional Risk Team conducted a systematic analysis of quedexia’s behavior patterns.

Quedexia rarely addresses abstract social structural issues; he focuses only on specific individuals or organizations.

He exhibits two preferences when choosing targets: one is to find those who "everyone knows you're doing bad things, but you just won't change"; the other is to find those who are "so damn morally corrupt yet so pure"—in other words, your very survival mode is evil.

The carrying capacity perfectly satisfies both of these conditions.

Carrying out price discrimination, default bundling, unauthorized price changes, and exorbitant refund fees—related reports can be traced back to nearly a decade ago.

In recent years, the company has been featured in the Da Yang 315 consumer rights program, investigated by the State Administration for Market Regulation, summoned by multiple consumer protection committees, investigated by the commerce ministries of several countries, and fined.

The result is not ideal.

Right now, if you open the global list of most despicable comments, the latest comment is from four minutes ago, written in Chinese: "Just booked a plane ticket, 200 yuan more expensive than my colleague's. May your mother die."

This kind of behavior is called "repeatedly failing to correct mistakes" in the risk model of the hastily constructed global list of unethical behaviors.

In Quedexia's evaluation system, this is probably more serious than doing something wrong itself—you know it's wrong, you've been warned, you've been punished, you've been scolded, and you still continue. It's not that you can't change. It's that you don't want to change. Because you think ripping off users isn't a big deal.

V. Risks of Financial Speculation – Please be sure to read this section.

GRH has an obligation to inform its customers of a derivative, but potentially more pressing, risk.

This risk is not related to sinking, but to ourselves.

In Qudexia's previous actions targeting the food delivery sector, some Wall Street institutions attempted to short-sell by taking advantage of event-driven market volatility.

Quedexia's response was to remove the main office building of the relevant organization directly from New York and place it in the Atlantic Ocean.

GRH does not want any of its customers—nor does it want us to repeat this mistake in any way.

Therefore, we offer the following suggestions to all our clients with the utmost seriousness:

Do not interpret this report as a signal to short-sell companies in the CVTE sector.

This report is intended to highlight risks, not to recommend trading.

We emphasize this point because, within quedexia's cognitive framework, "making money by taking advantage of others getting beaten up" itself could trigger his action threshold.

We don't want any customer to be mistaken for doing this.

We certainly don't want to be misunderstood as instigating our clients to do this.

If you already hold short positions in companies related to the company, it is recommended that you close your positions before Quedexia takes any public action.

If you are considering establishing a short position in a company with a history of financial difficulties, we advise against it.

The reason is the same as in point two.

This is not an opportunity, it's a trap: every dollar you earn, in Quedexia's view, is a transaction fee deducted from "justice".

We don't think you'll have the opportunity to explain your trading logic to him.

If you still decide to short the companies in the CSI 300 Group after the publication of this report, GRH hereby formally declares: We have no connection with your trading decisions. We do not recognize any form of "referencing the GRH report." We will immediately submit complete client communication records to Quedexia to prove that we did not encourage anyone to engage in such trading. This report itself serves as our evidence of disclaimer.

VI. Recommendations

Based on the above analysis, GRH's unconventional risk group recommends the following to all relevant clients:

Immediately assess the risk exposure to companies in the Xiechen Group, including equity investments, bond holdings, strategic partnerships, and supply chain dependencies;

For clients holding shares in the company, it is recommended to initiate a reduction plan—while ensuring that the reduction has a traceable and independent decision-making basis independent of this report;

For clients holding saddled bonds, it is recommended to assess the feasibility and cost of credit default swaps—but also note that the timing of CDS transactions will be strictly scrutinized.

For customers with strategic partnerships with Xiechen, it is recommended to immediately activate alternative supplier options.

For the companies involved, it is recommended to immediately initiate the following emergency measures:

Completely stop algorithmic price discrimination;

1. Publicly commit to "displaying the same price to all users for the same product at the same time";

2. Completely disable automatic price adjustment tools for merchants, such as "Price Adjustment Assistant";

3. A full refund will be issued for any price difference resulting from historical price discrimination.

According to predictions from global experts, the structure, weighting, and influence of the global list of most despicable individuals are extremely complex, making it difficult for ordinary people to identify the most hateful individuals from such a complex form.

However, everyone on Earth knows that Mr. Quedexia's IQ is far ahead of the competition.

The system carrying the sedimentary material is currently far ahead.

If, or more accurately, when Quedexia is mobilized, you will witness an unprecedented media storm.

At that time, many people may try to take advantage of this storm to make trades.

GRH urges all clients to remember something more important than any transaction: in the world of quedexia, some money can kill you.

GRH will release a follow-up assessment report next week.

This report is intended only for GRH contracted clients and is strictly prohibited from being distributed outside the company.

The contents of this report must not be used in any form for securities trading decisions.

We're not being polite; we mean, for God's sake, please don't kill us.

(End of report)

148 Internal passage

Some things, you can beg the whole world to share them and they won't get any traffic, but if you strictly forbid them from being shared, they will quickly spread everywhere.

GRH's risk warning reports marked "Strictly prohibited from being shared" are theoretically only visible to contracted clients.

Well, this theory kept me entertained for a whole lunch...

In just fifteen minutes, an analyst from a hedge fund converted the PDF into an image, cropped out the "confidential" watermark and recipient information from the header, and sent it to an encrypted group.

Someone in the group converted the image into a PDF and sent it to another group.

Another person took a screenshot of the key paragraphs in the PDF, added the caption "Ctrip may be going to disappear," and posted it on Twitter.

The screenshots were shared on Weibo, Xiaohongshu, and various other platforms.