No, according to Sohu Entertainment Network, Bao is the chairman of Xinhai Group Co., Ltd., operating in good faith, and there is no fake wine. The news that he sells fake wine is a rumor. In 2006, he graduated from Bao, Department of Psychology, Peking University. He gave inspirational lectures in more than 0/00 colleges and universities across the country, and founded a class of Chinese studies education for college students, which helped students to establish a correct outlook on life and values.