@kugo_A10: 7 billion saved 蔚来, 6 billion heavily invested in 京东方, 50 billion going all-in on 长鑫科技. Hefei, once a weak inland provincial capital, forced itself into becoming the 'best venture capital city in China'. Still, playing the primary market is the fastest way to make money.
Summary
Hefei has become a well-known venture capital city in China through large-scale investments in 蔚来, 京东方, 长鑫科技 and other companies, showcasing the important role of local government in technology industry investments.
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70 billion to rescue NIO, 6 billion to double down on BOE,
50 billion to go all-in on CXMT.
Hefei, once a weak inland provincial capital,
has fought its way to become “China’s best venture capital city.”
Still playing the primary market,
that’s where the money comes fastest. https://t.co/IhvZRgHJtC
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