TechFlow News, January 8th: Caixin disclosed details of Chen Zhi's assets within China. It is reported that he holds a 17.78% equity stake in Xiamen Jueshi Wushen Interactive Technology Co., Ltd., a company primarily engaged in mobile game development. He also holds a 70% equity stake in Chongqing Quwu Wuxian Equity Investment Fund Management Co., Ltd., which participates in investments in several interactive entertainment technology companies. Chen Zhi was also the controlling shareholder of Jiangmen Dacheng Medical Equipment Co., Ltd., which operates in the medical device sector, with a shareholding exceeding 56%.
Furthermore, Chen Zhi is the controlling shareholder of two listed companies in Hong Kong, China, along with several insurance brokerage firms, securities companies, wealth management companies, and shell companies with unclear business operations. Chen Zhi took control of Zhi Haoda in December 2018, directly assuming the roles of Chairman and Executive Director after acquiring 54.79% of its shares, until he resigned from all positions in July 2025. In 2023, Chen Zhi acquired all shares sold by the original major shareholder of Kun Group, obtaining an absolute controlling stake of 55%, but did not take up an executive director position. Currently, these two listed companies have not suspended trading and have issued statements indicating that the sanctions will not have any material adverse impact on the group's business operations.
