BYD Responds to Market Concerns: Wang Chuanfu Personally Has Not Directly Invested in CXMT
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BYD Responds to Market Concerns: Wang Chuanfu Personally Has Not Directly Invested in CXMT
According to National Business Daily, in response to market attention, BYD disclosed that all of the company's investments are direct investments by BYD Company Limited, without managing third-party funds or funds from any executives personally. Therefore, Wang Chuanfu personally did not directly invest in Changxin Technology. BYD Company Limited indirectly participated in Changxin Technology's Series A financing in December 2020 through an investment in Guangdong Efang Changda Venture Capital Partnership (Limited Partnership).
Navigating Web3 tides with focused insightsTechFlow news, July 30, according to reports from National Business Daily, in response to market concerns, BYD disclosed that all investments of the company are directly invested by BYD Company Limited, it does not manage third-party funds, nor does it manage funds from any executives personally, therefore Wang Chuanfu did not personally invest directly in ChangXin Memory Technologies; BYD Company Limited indirectly participated in ChangXin Memory Technologies' Series A financing in December 2020 through investing in Guangdong E-Fang Changda Venture Capital Partnership (Limited Partnership).
