hefei

#hefei

@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.

X AI KOLs Timeline ↗ · 2026-05-18 Cached

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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#hefei

@giantcutie666: ChangXin Memory Technologies (CXMT), known as China's SK Hynix, just updated its prospectus and is about to list on the STAR Market. At current market conditions, its market cap will likely be in the hundreds of billions. The biggest winner is the Hefei Municipal Government, which holds nearly half of CXMT's shares through multiple entities — conservatively estimated to earn over ¥100 billion. But former party secretary Wu Cunrong, who made the call to invest in CXMT, was sentenced to life in prison two months ago...

X AI KOLs Timeline ↗ · 2026-05-18 Cached

ChangXin Memory Technologies (CXMT) updated its prospectus and is about to list on the STAR Market, with an estimated market cap of hundreds of billions of yuan. The Hefei Municipal Government holds nearly half of the shares through multiple entities, but the former party secretary Wu Cunrong, who championed the investment, was sentenced to life in prison for accepting bribes.

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