Kong Jianping indirectly holds 18.98M shares in ChangXin Technology valued at 940M yuan.

Kong Jianping indirectly holds 18.98M shares in ChangXin Technology valued at 940M yuan.

Kong Jianping indirectly holds 18.98M shares in ChangXin Technology valued at 940M yuan, a 44x return since his 2020 investment when the firm was valued below 20B yuan.

Details

Kong Jianping, a Chinese businessman, indirectly holds approximately 18.98 million shares in memory chip company ChangXin Technology, according to public records and disclosure filings. The stake, held through the Yifang Changda Fund with a subscription of 21.34 million yuan, was valued at about 940 million yuan based on the opening price of 49.5 yuan per share. Kong noted that this represents a return of roughly 44 times his initial investment. He stated that when he invested in 2020, the company's valuation was less than 20 billion yuan, whereas it has now surpassed 3 trillion yuan.

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