These days, a piece of news is being spread on all major portal sites: "VANCL has completed a new round of financing and received tens of millions of dollars in venture capital." In sharp contrast to this is another viewpoint: the "winter theory." It's no surprise that Jack Ma has been talking about the coming winter for quite some time. But it's abnormal to hear the same sentiment from Ren Zhengfei, Li Dongsheng, Pony Ma, and even Liu Chuanzhi. Is winter really coming? Who knows? Oh, some say Jack Ma knows. Why? Because, as the saying goes, "The ducks are the first to know that the river water is getting warmer in spring." Jack Ma, being deeply involved in the B2B sector, surely knows earlier than others.