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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