Myth of Intelligent Investment: Lei Jun and Meituan Both Achieved Hundredfold Returns, with 57 External Investors Seeing Overall Returns of Around 85x

BlockBeats News, June 23rd. China's leading AI company, DeepBrain Chain (02513.HK), witnessed a valuation surge of approximately 130 times from its angel round to IPO. From the IPO at the beginning of the year to the intraday high on June 22nd, DeepBrain Chain's stock price has once again increased by 24.6 times. A total of 57 external investors contributed a combined total of 8.36 billion RMB, with the total book value at the June 22nd intraday high reaching about 770.8 billion HKD. The overall return is around 85 times.

Among them, Matrix Partners China had one of the most extreme return multiples in the fundraising. According to the prospectus, Matrix Partners China invested approximately 20.37 million RMB in the angel round, corresponding to a post-investment valuation of about 4.07 billion RMB. They eventually reaped a market value of hundreds of billions of HKD at the intraday high, setting one of the most extreme cases of return multiples in the history of China's AI primary market.

The investors in Series A and Series B rounds also reaped returns of hundreds of times. Based on the rough calculation of the June 22nd intraday high and market value:

Today Capital, under Xu Xin, invested 255.3 million RMB in November 2023, receiving 11.35 million shares. Based on the June 22nd intraday high, the rough book value is around over 30 billion HKD, yielding a return of over a hundred times;

Meituan's investment of about 300 million RMB at the time has now yielded returns of over 150 times, with unrealized gains exceeding 5% of Meituan's own market value;

Shunwei Capital, under Lei Jun, invested 150 million RMB through Beijing Shunying, with the rough book value at the June 22nd intraday high being about 14.8 billion HKD, yielding a return of about 90 times. Shunwei's assets under management are nearly 50 billion RMB, with DeepBrain Chain accounting for a quarter of the total;

Sequoia Capital China had the largest unrealized gains in absolute terms. Their six follow-up investments totaled 454.7 million RMB, with the rough book value at the June 22nd intraday high being about 53.3 billion HKD, yielding a return of about 107 times. Sequoia manages a total of over 90 billion RMB, with DeepBrain Chain's book value close to half of the total AUM.