Core Insights - The article discusses the journey of Li Jianchen, a prominent figure in the Chinese antique market who moved to Singapore, highlighting the challenges he faced in China and his subsequent success in Southeast Asia [1][8] - It emphasizes the transformation of the antique industry through innovative business models, technology integration, and the establishment of trust in a regulated environment [2][8] Group 1: Reasons for Departure - Li Jianchen's departure reflects the systemic issues within the traditional Chinese antique market, including rampant counterfeiting, chaotic authentication processes, and monopolistic practices by established experts [1] - His experience of being marginalized and attacked by peers after achieving significant recognition illustrates the hostile environment for young professionals in the industry [1] Group 2: Opportunities in Singapore - Singapore's legal and regulatory framework, including the Personal Data Protection Act, provided a conducive environment for Li Jianchen's business model, which focuses on credibility, transparency, and customer satisfaction [2] - The trust established through Singapore's judicial system allowed him to bridge cross-border transactions effectively, gaining the confidence of collectors from Southeast Asia and beyond [2] Group 3: Business Success Metrics - Li Jianchen's business generated over 630 billion RMB in revenue over seven years, with a single-day sales record of 45 billion SGD (approximately 230 billion RMB) during the 2020 "Double Eleven" shopping event [1] - His live-streaming sales model, initiated in 2019, achieved monthly sales exceeding 2 billion RMB, with total sales surpassing 45 billion SGD within two years, outperforming leading domestic auction houses [4] - The integration of AI and blockchain technology into his business model aims to enhance authentication and traceability of antiques, with plans to invest 1 billion RMB in developing an AI-driven platform [4] Group 4: Industry Reflections and Insights - Li Jianchen's success challenges traditional antique trading norms, highlighting the need for innovation and adaptation in the industry [6] - The case reveals deeper issues in the Chinese antique market, such as the monopolization of knowledge by older experts, lack of accountability, and high costs of counterfeit identification [6] - The article suggests that the industry must embrace technology, establish standardized services, and adopt a global perspective to retain talent and foster innovation [6][8]