His plan to do equity research in China fizzled in 1998. In 2005, with a law degree from Chicago-Kent College of Law, he returned to Shanghai to work on foreign direct investment and merger deals at the law firm Jones Day. He quit in 2006, planning to start a private banking business in Singapore, and ended up founding Love Box Self Storage instead.
Pressure is mounting for Muddy Waters to repeat its early success after its most recent targets failed to turn a profit. Beijing-based Fushi Copperweld Inc. (FSIN), a maker of copper-clad metal wire that Block said in April may be committing fraud, has gained 25 percent in New York this year after China Development Bank Corp. offered funding for the company to buy back its shares.