Lei Jun's "Raising Star Market's LongiTech Tech Floating Profit of 700 Million Yuan" Sparks Discussion, Xiaomi Responds: Company Investment Should Not Be Confused with Personal Wealth

BlockBeats News, July 28th - Chongxin Technology soared 465.82% on its first day of trading, attracting market attention. In particular, "Lei Jun's Chongxin Technology IPO Investment Earns 700 Million RMB" trended on Weibo. According to Chongxin Technology's previously disclosed strategic placement list, Wuhan 818 Enterprise Management Co., Ltd. was allocated 18.2448 million shares of Chongxin Technology. Based on the issue price of 8.66 RMB per share, the company's allocation amount is approximately 158 million RMB; based on Chongxin Technology's closing price on the first day of trading, its unrealized gains are about 736 million RMB.

Information shows that Wuhan 818 Enterprise Management Co., Ltd. is a wholly-owned subsidiary of Xiaomi Technology, with Lei Jun as the Chairman of Xiaomi Technology. Therefore, the market has connected this investment with Lei Jun. In response, Xu Jieyun, Special Assistant to the Chairman of Xiaomi Group and Deputy General Manager of the Strategic Marketing Department, stated on July 28th: "Friends, just take it as a joke, don't take it seriously. In fact, it can't be calculated this way. This is a corporate investment behavior, and the specific subsidiary entity cannot be mixed up with personal wealth. Also, I would like to take this opportunity to congratulate Chongxin once again."