Core Viewpoint - The article discusses the dark and complex narrative surrounding the poisoning case of Lin Qi, the chairman of Youzu Interactive, by Xu Yao, the former CEO of Three-Body Universe, highlighting themes of corporate rivalry and extreme measures taken in a competitive environment [1][34]. Group 1: Incident Overview - Lin Qi experienced severe symptoms of poisoning after consuming a probiotic recommended by Xu Yao, leading to his hospitalization and eventual death due to toxins found in his system [4][5][7]. - The investigation revealed that Xu Yao meticulously planned the poisoning, including the purchase of lethal substances and the use of fake identities to acquire them [12][13][25]. Group 2: Xu Yao's Background and Motivations - Xu Yao, a legal expert with a significant role in acquiring the rights to the "Three-Body" IP, faced a decline in his position and salary within the company, leading to resentment towards Lin Qi [20][22][24]. - Tensions escalated due to Xu Yao's diminishing influence and the rise of Zhao Yuyao, which contributed to his extreme actions [21][24]. Group 3: Legal Proceedings and Outcomes - Xu Yao was arrested shortly after Lin Qi's death and maintained his innocence throughout the legal process, attempting to use claims of mental illness as a defense [2][28]. - The Shanghai High People's Court upheld the death sentence for Xu Yao, citing the premeditated nature of his crime and the severe consequences of his actions [3][29][34].

2020年9月，一则消息在科幻圈炸开了锅：游族旗下的三体宇宙公司正式与美国网飞（Netflix）达成合作，将由《权力的游戏》主创团队负责制作《三体》 的海外剧集！ "三体""网飞""权游"——这几个关键词足以让每一位科幻迷兴奋不已，唯独一个人例外：时任三体宇宙公司CEO的许垚。 尽管在接受记者采访时，许垚依旧侃侃而谈，声称自己在公司内搭建了一个"最熟悉《三体》"的团队，但只有少数高层知道：此时的许垚早已被边缘化，并 未参与与网飞的谈判。 他这种在媒体面前"抢功"的行为，惹恼了董事长林奇，后者随即下达"禁采令"，严禁公司任何人擅自接受媒体采访。 然而，许垚我行我素，仍以三体宇宙CEO自居，继续对外发声。 一个月后的一次会议上，林奇宣布：今后有关三体公司的事务，统一向公司外聘高管赵宇尧汇报。这等于变相解除了许垚的职权。 第二天下午两点，秘书像往常一样，将两颗"培菲康"和一杯咖啡送到林奇的办公桌上。林奇按习惯服下，起初并无异常。 直到下班时，他在电梯里对助理说："我的手有点麻。" 回家途中，他又表示麻痹感已蔓延至嘴唇，急忙让司机停车，并对着路边绿化带呕吐起来。 回到车上后，他催促司机赶紧送自己去医院。 可惜为时已晚 ...

Core Viewpoint - The article discusses the criminal case of Xu Yao, former CEO of San Ti Company, who was sentenced to death for intentional homicide and the use of dangerous substances, highlighting the intricate details of the case and the background of the involved parties [4][6][75]. Group 1: Background of the Case - Xu Yao was convicted for poisoning his boss, Lin Qi, the chairman of Youzu Network, leading to Lin's death, and for poisoning four others [9][66]. - The poisoning incident occurred in December 2020, and Xu Yao was arrested shortly after Lin's hospitalization [12][57]. - Xu Yao's actions included purchasing various toxic substances online and conducting experiments in a rented warehouse [9][42]. Group 2: Xu Yao's Professional Background - Xu Yao was born in 1981 and graduated from prestigious universities, including Southwest University of Political Science and Law and the University of Michigan [13]. - He worked at Dewey & LeBoeuf LLP and later joined Fosun Group, where he quickly rose to a prominent position in the legal department [13][14]. - Xu Yao was recognized for his contributions to international legal affairs, overseeing significant transactions valued at approximately $142.6 billion [14]. Group 3: Lin Qi and Youzu Network - Lin Qi, also born in 1981, founded Youzu Network, which became a leading player in the gaming industry after its successful IPO in 2014 [16][17]. - Lin was a fan of the "Three-Body Problem" series and sought to develop related media products, including films and games [18][19]. - The company faced challenges in successfully launching adaptations of the "Three-Body Problem," which Lin had invested in heavily [19][21]. Group 4: The Poisoning Incident - On December 16, 2020, Lin Qi consumed a product recommended by Xu Yao, which was later found to be contaminated with lethal toxins [50][66]. - Following Lin's hospitalization, investigations revealed the presence of "pufferfish toxin" and "a-agaritine" in his system, leading to his death on December 25, 2020 [66][67]. - The stock price of Youzu Network dropped significantly following the news of Lin's hospitalization and subsequent death, reflecting investor concerns [65][68]. Group 5: Legal Proceedings - Xu Yao was arrested on December 18, 2020, and faced charges of intentional homicide and the use of dangerous substances [75]. - Despite his claims of innocence and attempts to argue that Lin's death was due to other causes, the court upheld the charges against him [76][78]. - The case has drawn significant media attention due to its dramatic nature and the high-profile individuals involved [4][8].

实施投毒之前，许垚多次踩点位于上海及北京的办公室，并向林奇推荐益生菌类药物"培菲康"，以做日 后他灌入致命毒素的载体。许垚先对有竞争关系的同事赵宇尧、赵骥龙等人进行"缓慢式投毒"，又对已 通知他离职的老板林奇，投放见效迅猛的致死毒素，最终导致林奇死亡。 在林奇就医抢救期间，许垚向游族网络公司联合创始人建议，成立管理委员会和监督委员会，并自荐可 以牵头监督委员会。警方在接到报警后不到一日便锁定许垚为犯罪嫌疑人并抓获。 从2020年12月案发至2025年11月，在近5年的时间里，许垚从未有认罪，且一直喊冤。对于大量购买毒 药等行为，许垚辩称是自己曾试图自杀，进而发展成研究毒素上瘾。其辩护律师则提出，不排除林奇是 因脑梗而死亡的可能。 （来源：经济观察报） （原标题：三体公司CEO毒杀游族董事长林奇案始末） 三体宇宙公司原CEO许垚因涉嫌毒杀游族董事长林奇，于2024年3月被上海市第一中级人民法院判处死 刑，剥夺政治权利终身。许垚不服，提起上诉后，日前，上海市高级人民法院二审裁定，驳回上诉，维 持其死刑原判。 据经济观察报，在投毒准备阶段，许垚通过伪造印章、租用库房等方式，冒用大学医学部及生物技术公 司的身份，耗资 ...

Core Points - The case of Xu Yao, former CEO of San Ti Company, involves his conviction for intentional homicide and the use of dangerous substances, leading to a death sentence upheld by the Shanghai High Court [1][2][4] - Xu Yao's actions included multiple instances of poisoning, resulting in the death of Lin Qi, the chairman of Youzu Network, and poisoning four others [4][5][6] - The investigation revealed Xu Yao's extensive planning and execution of the poisoning, including the purchase of various toxic substances and the use of forged documents [4][41][42] - Lin Qi's death was confirmed to be caused by poisoning with pufferfish toxin and other lethal substances, leading to significant media and market reactions [66][67][69] Group 1 - Xu Yao was sentenced to death for intentional homicide and a six-year prison term for the use of dangerous substances, with the death sentence upheld by the appellate court [1][4][5] - The poisoning incident occurred in December 2020, with Xu Yao being arrested shortly after Lin Qi's hospitalization [2][55] - Xu Yao's background includes a law degree and experience in high-profile legal positions, which may have contributed to his ability to execute the crime [8][9][10] Group 2 - Lin Qi was a prominent figure in the gaming industry, having founded Youzu Network and acquired the rights to adapt the "Three-Body" series into various media [12][14][15] - The "Three-Body" IP was highly valued, and Xu Yao played a significant role in securing its rights for Youzu, which later became a point of contention between him and Lin Qi [16][18][20] - The financial performance of San Ti Company, which Xu Yao led, was reportedly poor, leading to tensions with Lin Qi and contributing to the motive for the crime [20][21][22] Group 3 - Xu Yao's relationship with Lin Qi deteriorated over time, particularly as Lin Qi sought to consolidate control over the company and its subsidiaries [22][24][30] - Evidence indicated that Xu Yao conducted extensive research on toxic substances and even rented a warehouse to facilitate his plans [25][26][41] - The investigation revealed that Xu Yao had been purchasing toxic substances online, using forged documents to bypass regulations [41][42][60]

Core Viewpoint - The article investigates the shocking case of Xu Yao, the former CEO of San Ti Company, who was sentenced to death for intentional homicide and the use of dangerous substances, revealing the intricate details of the case over nearly five years [2][4][5]. Group 1: Case Background - Xu Yao was convicted of poisoning and causing the death of Lin Qi, the chairman of Youzu Network, and poisoning four others, including his competitors [8]. - The poisoning incident occurred in December 2020, leading to a lengthy investigation and trial process [6][10]. - Xu Yao's actions included purchasing various toxins online and conducting experiments in a rented warehouse [8][44]. Group 2: Xu Yao's Professional Background - Xu Yao was born in March 1981 in Guiyang, Guizhou Province, and had a strong educational background, including degrees from prestigious universities in France and the United States [11]. - He worked as a lawyer at Dewey & LeBoeuf LLP in Hong Kong before joining Fosun Group's legal department, where he quickly rose to a prominent position [12][13]. - Xu Yao was recognized for his contributions to international legal affairs at Fosun, overseeing significant transactions valued at approximately $14.26 billion [13]. Group 3: Lin Qi and the San Ti IP - Lin Qi, born in 1981, founded Youzu Network, which became a leading gaming company in China, and was known for his interest in the "Three-Body" series [15][16]. - Lin Qi's company acquired the rights to adapt the "Three-Body" series into various media formats, including film and games, but faced challenges in production [19][21]. - Xu Yao played a crucial role in securing the "Three-Body" IP for Youzu, which was valued at over 100 million yuan [21][22]. Group 4: Relationship Dynamics and Tensions - Xu Yao's relationship with Lin Qi deteriorated over time, particularly regarding the financial performance of San Ti Company and Xu's aspirations for equity [22][24]. - Tensions escalated in 2020 as Lin Qi began consolidating control over the company, leading to Xu Yao's dissatisfaction and eventual criminal actions [27][30]. - Evidence suggests that Xu Yao conducted surveillance on colleagues and engaged in premeditated actions leading to the poisoning [33][37]. Group 5: Investigation and Legal Proceedings - Following Lin Qi's hospitalization due to poisoning, police quickly identified Xu Yao as a suspect based on surveillance footage and forensic evidence [59][60]. - Xu Yao was arrested on December 18, 2020, and evidence collected included toxic substances and paraphernalia related to the poisoning [60][62]. - The court proceedings revealed Xu Yao's continuous denial of the charges and attempts to manipulate circumstances to avoid conviction [76][79].

Core Points - The case of Xu Yao, former CEO of San Ti Company, involves his conviction for intentional homicide and the use of dangerous substances, leading to a death sentence upheld by the Shanghai High Court [2][3][86] - Xu Yao's actions included the poisoning of Lin Qi, the chairman of Youzu Network, and the attempted poisoning of several colleagues, which was motivated by internal corporate conflicts and personal ambitions [7][8][24][29] Group 1: Legal Proceedings - Xu Yao was sentenced to death for intentional homicide and received a six-year prison term for the crime of using dangerous substances, with both sentences to be served concurrently [2][3] - The case has been submitted for review by the Supreme People's Court, with a decision pending until November 20, 2025 [3] - Xu Yao has consistently denied the charges and claimed innocence throughout the legal proceedings [11][86] Group 2: Background of Xu Yao - Xu Yao, born in March 1981, has a background in law, having studied at prestigious universities in France and the United States before working at Dewey & LeBoeuf LLP and later at Fosun Group [11][12] - He was known for his formal attire and strong interpersonal skills, quickly rising to a prominent position within Fosun's legal department [12][13] - Xu Yao's ambition led to internal conflicts at Fosun, ultimately resulting in his departure to Youzu Network, where he became the Chief Risk Officer [21][22] Group 3: Background of Lin Qi - Lin Qi, born in 1981, was a prominent figure in the gaming industry, founding Youzu Network and becoming its youngest chairman after a successful IPO [16][17] - He was a fan of the "Three-Body Problem" series and sought to develop related media products, including films and games [19][20] - Lin Qi's death on December 25, 2020, was attributed to poisoning, with toxic substances found in his body post-mortem [78][80] Group 4: Events Leading to the Crime - Tensions between Xu Yao and Lin Qi escalated due to poor financial performance at San Ti Company and Xu's desire for equity in the company [24][27] - Xu Yao began researching toxic substances and renting a warehouse to prepare for the poisoning, indicating premeditation [32][33][49] - The poisoning incident occurred on December 16, 2020, during a company lunch, where Lin Qi ingested a tainted product recommended by Xu Yao [57][60] Group 5: Aftermath and Impact on Youzu Network - Following Lin Qi's hospitalization and subsequent death, Youzu Network's stock price experienced significant declines, reflecting investor concerns over the incident [77][81] - The company faced scrutiny and legal challenges as investigations revealed the extent of Xu Yao's actions and the toxic substances involved [84][86] - The case has drawn attention to corporate governance and the potential for internal conflicts to escalate into criminal behavior within high-stakes business environments [7][8][24]

Core Insights - The gaming industry has emerged as a new focal point during the Double Eleven shopping festival, alongside traditional e-commerce platforms and apparel brands [1][2] - Various gaming companies, including Tencent, NetEase, and miHoYo, have adopted diverse strategies for live-streaming sales, moving beyond traditional discounting to engage players more interactively [1][3] Group 1: Marketing Strategies - Live-streaming sales have become a new extension of the gaming industry's content ecosystem and business model [2] - Companies are utilizing live-streaming to create entertaining consumption scenarios and transactional content, enhancing player engagement [3][16] - Tencent's games focus on resource leverage and limited-time offers, with high DAU products like "Escape from Tarkov" achieving over 10 million DAU [3][9] Group 2: Player Engagement - Live-streaming sessions serve as platforms for player interaction, allowing them to express concerns and ask questions about game balance and updates [10][28] - The live-streaming format has transformed into a space for both sales and community engagement, fostering trust and loyalty among players [10][27] Group 3: Sales Performance - NetEase's "Nirvana in Fire" mobile game achieved significant sales during its live-streaming event, ranking first on the sales leaderboard [7][9] - The "Nirvana in Fire" game previously generated over 25 million yuan in sales during a four-hour live-stream in August [9] Group 4: Industry Trends - The rise of live-streaming sales reflects a broader trend in the gaming industry, driven by increasing advertising costs and the need for more efficient growth strategies [28][30] - The gaming live-streaming market has seen a 56% increase in consumption scale compared to early 2024, with mobile game live-streaming accounting for over 30% of total ad spending [30]

Core Insights - The gaming industry has experienced explosive growth over the past decade, and the future direction for gaming companies is increasingly focused on new technologies like artificial intelligence (AI) and cloud computing, which are expected to reshape the industry's value chain [1] - A significant number of A-share gaming companies reported a decrease in sales expenses year-on-year in the first three quarters of this year, indicating a shift in strategy away from traditional user acquisition methods [1][12] Company Performance - Youzu Interactive has seen substantial profit growth this year, with a reported revenue of 1.019 billion yuan, a year-on-year increase of 2.2%, and a net profit of 76.36 million yuan, reflecting a staggering year-on-year growth of 1374.6%, ranking first among 23 companies [2][3] - Kunlun Wanwei has adopted an aggressive AI strategy, investing 970 million yuan in 2023 and planning to increase this to 1.543 billion yuan in 2024. The company reported a revenue of 2.072 billion yuan in Q3, a 56.16% increase year-on-year, but still faced a net loss of 666 million yuan [6][7] - Century Huatong has established an AI Development and Management Committee to systematically integrate AI technology across all business areas, aiming to enhance operational efficiency and user experience [8] Strategic Shifts - The traditional "buying traffic" strategy is becoming less effective, with many companies realizing that retaining users relies more on game quality than on advertising alone. This shift is evident as over half of the gaming companies reported a decrease in sales expenses [12] - Companies like Youzu Interactive and Kunlun Wanwei are focusing on AI as a second growth engine, with Youzu launching its AI tool platform "YOOZOO.AI" to enhance operational efficiency and user experience [3][5] Market Trends - The gaming industry is witnessing a trend where companies are moving away from heavy reliance on user acquisition through advertising, as exemplified by the reduction in sales expenses by major players like Sanqi Interactive [12] - Despite the overall decline in sales expenses for many companies, some, such as Century Huatong, continue to increase their marketing expenditures significantly, indicating a divergence in strategies within the industry [12]

Market Overview - The gaming sector experienced a decline of 0.98% on November 10, with ST Huatuo leading the drop [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Individual Stock Performance - Notable gainers included: - Mingchen Health (002919) with a closing price of 19.50, up 6.50% and a trading volume of 134,300 shares, totaling 259 million yuan [1] - Wento Holdings (600715) closed at 2.61, up 2.76% with a trading volume of 604,500 shares, totaling 156 million yuan [1] - Fuchun Co. (300299) closed at 6.81, up 2.71% with a trading volume of 311,400 shares, totaling 211 million yuan [1] - Major decliners included: - ST Huadao (002602) closed at 17.61, down 3.72% with a trading volume of 1,174,300 shares, totaling 2.093 billion yuan [2] - Xinying Network (002517) closed at 22.50, down 2.17% with a trading volume of 421,600 shares, totaling 957 million yuan [2] - Giant Network (002558) closed at 35.50, down 1.63% with a trading volume of 292,700 shares, totaling 1.034 billion yuan [2] Capital Flow Analysis - The gaming sector saw a net outflow of 646 million yuan from institutional investors, while retail investors contributed a net inflow of 358 million yuan [2] - Key stocks with significant capital flow include: - Starry Entertainment (300043) with a net inflow of 47.54 million yuan from institutional investors [3] - Fuchun Co. (300299) with a net outflow of 10.19 million yuan from retail investors [3] - Mingchen Health (002919) with a net inflow of 30.79 million yuan from institutional investors [3] ETF Performance - Gaming ETF (product code: 159869) tracking the China Animation and Gaming Index saw a 2.11% increase over the last five days, with a net outflow of 110 million yuan [5] - Food and Beverage ETF (product code: 515170) experienced a decline of 1.38% over the last five days, with a net outflow of 1.385 million yuan [5]