Core Insights - The founder of NVC Lighting, Wu Changjiang, shared his life experiences through a series of videos, reflecting on his past mistakes and the impact of gambling on his life and career [1][4][12] Company Overview - Wu Changjiang founded NVC Lighting in 1998, and the company went public on the Hong Kong Stock Exchange in 2010, with Wu ranked 390th on the Forbes China Rich List with a net worth of 2.9 billion yuan [12][13] - NVC Lighting's performance was notably strong during the economic crisis in 2011, becoming one of the best-performing companies on the Hong Kong Stock Exchange for two consecutive years [12] Financial and Legal Issues - Wu Changjiang faced significant financial and legal challenges, including a 14-year prison sentence for embezzlement and misappropriation of funds, which was later reduced to 10 years [13] - In December 2019, NVC Lighting sold 70% of its Chinese lighting business to KKR, which included the globally recognized "NVC Lighting" trademark [13] Current Status - NVC International, formerly known as NVC Lighting, has been struggling financially, with its stock price at 0.66 HKD per share and a total market capitalization of only 335 million HKD as of the latest report [14]

Core Viewpoint - The article discusses the life experiences of Wu Changjiang, the founder of NVC Lighting, highlighting his rise and fall due to gambling addiction and business decisions that led to significant financial losses and imprisonment [1][3][6]. Group 1: Wu Changjiang's Personal Journey - Wu Changjiang reflects on his past, stating that he lost over 1 billion yuan in gambling, which he considers a profound life lesson rather than just a financial loss [3][6]. - He describes his gambling experiences, mentioning that at one point he played with a leverage of 1:15, risking up to 10 billion yuan [6]. - Wu attributes his downfall to overconfidence and several critical decision-making errors throughout his career [6]. Group 2: NVC Lighting's Business History - NVC Lighting was founded in 1998 by Wu Changjiang, Du Gang, and Hu Yonghong, and it went public in Hong Kong in 2010 [9][10]. - The company experienced significant growth during the economic crisis in 2011, becoming one of the best-performing companies on the Hong Kong Stock Exchange [9]. - In 2019, NVC Lighting sold 70% of its Chinese lighting business to KKR, which included the globally recognized "NVC Lighting" trademark [10]. Group 3: Recent Developments - As of the article's publication, NVC International is struggling financially, with a stock price of 0.66 HKD per share and a total market capitalization of only 335 million HKD [11].

Core Viewpoint - The ongoing trademark infringement dispute between Huizhou NVC Lighting Technology Co., Ltd. and Shandong NVC Lighting Development Co., Ltd. has gained significant attention, with the Supreme People's Court and other authorities confirming that Shandong Development's unauthorized use of Huizhou NVC's registered trademark constitutes trademark infringement [1][4]. Group 1: Trademark Infringement Details - The Supreme People's Court confirmed the validity of the termination agreement between Huizhou NVC and Shandong Development, which ended all cooperation and trademark authorization as of June 15, 2015 [2][3]. - Despite the termination of trademark rights, the court ruled that the agreement did not explicitly terminate Shandong Development's use of the "NVC" name, leading to a rejection of Huizhou NVC's request to change the company name [3]. - The court emphasized that Shandong Development must not use the "NVC" name in a way that could confuse consumers, particularly in contexts beyond the company name [3]. Group 2: Legal Actions and Consequences - The Tianjin People's Court ruled that Shandong Development's use of the "NVC" name in a manner that could confuse consumers constitutes trademark infringement, requiring them to cease production and sales of infringing products [4]. - Huizhou NVC has issued a lawyer's letter demanding that Shandong Development stop unauthorized use of its registered trademark, threatening criminal liability for continued infringement [5]. - The State Administration for Market Regulation initiated a comprehensive investigation into the trademark infringement case, confirming that Shandong Development's authorization to use the trademark had been terminated since August 31, 2015 [6].