{"id":"tp-34153","type":"article-newspaper","title":"Qiao Wang Says a 20x Earnings Multiple Is Not Cheap for Trading Products","author":"Enna Lee","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/investing/34153","datePublished":"2026-10-17T18:36:05.000Z","dateModified":"2026-10-17T18:36:05.000Z","language":"en","abstract":"The Alliance co-founder cited competition and low switching costs on on-chain platforms as obstacles to sustaining profits over time.","section":"Investing","references":[]}