Du Jun responded to ABCDE's suspension of new investment and second-phase fundraising: Post-investment management will continue to invest resources and energy

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ODAILY
04-24
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Planet Daily News: Du Jun responded on X platform regarding ABCDE's suspension of new investments and second-round fundraising, stating: 1. No lack of funds: ABCDE's primary funding comes from the Huobi system, accounting for 80%, including several Huobi co-founders and core executives. Moreover, I personally promise that for any fund stage, my personal investment proportion will not be less than 30%. 2. Return rate: ABCDE's first fund invested in multiple high-quality projects early and at low valuations. 3. Post-investment management: Whether in terms of responsibility to LPs or support for invested projects, we will continue to invest resources and efforts. Personally, I will also continue to support outstanding entrepreneurs with my own funds and network.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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