TechFlow reported on January 8 that Caixin disclosed details of Chen Zhi's assets within China. He holds a 17.78% stake in Xiamen Jueshi Wushen Interactive Technology Co., Ltd., a company primarily engaged in mobile game development, and owns 70% of Chongqing Qusoo Infinity Equity Investment Fund Management Co., Ltd., which has participated in investments in several entertainment technology companies. Chen Zhi was also the controlling shareholder of Jiangmen Dacheng Medical Instruments Co., Ltd., a medical device operator, with a shareholding exceeding 56%.
In addition, Chen Zhi is the controlling shareholder of two listed companies in Hong Kong, and also controls multiple insurance brokerage firms, securities companies, wealth management firms, and shell companies with unclear operations. In December 2018, Chen took control of Zhihaoda, directly assuming the roles of chairman and executive director after acquiring 54.79% of its shares, serving until July 2025 when he resigned from all positions. In 2023, Chen acquired all shares previously held by the original major shareholder of Kun Group, securing an absolute controlling stake of 55%, though he did not take on the role of executive director. Currently, neither of these two listed companies has suspended trading and both have issued statements indicating that the sanctions will not have any significant adverse impact on their business operations.
