Core Viewpoint - The controversy surrounding the Yunshang City TikTok project reveals significant issues regarding the legitimacy of the company and its operations, raising concerns about potential fraud and consumer deception. Group 1: Company Legitimacy - Yunshang City was established in August 2024 with a registered capital of 100 million, but no actual capital has been contributed, indicating it may be a shell company [1] - Another related company in Qingdao, registered in May 2025, also shows a capital of 0 and is located in a "shared office area," suggesting it is a front for cost-saving purposes [3] - The authorization letter claimed by Yunshang City from Douyin (TikTok) is suspected to be forged, as the company received it on the same day it was established, raising doubts about the review process of TikTok's service providers [5] Group 2: Business Operations - A review of TikTok Shop's official partner list did not include Yunshang City, indicating that its claims of partnership and ability to assist in store setup are unfounded [5] - Individuals involved in TikTok shop operations noted that legitimate businesses require proper licenses, highlighting that Yunshang City does not meet these basic requirements and may be misleading consumers [7] Group 3: Consumer Awareness - The ongoing scrutiny and revelations about Yunshang City's operations cast doubt on the sustainability of the TikTok project, prompting potential investors to reconsider the allure of high returns that may be deceptive [10]