Moore Threads, China's first listed CPU company, has just debuted on the A-share market, surging 468% on its first day of trading. Its founder is Zhang Jianzhong, former global vice president of Nvidia. Crypto media outlets have revealed that Zhang Feng, a co-founder of Moore Threads, is a veteran in the crypto known for his exploitative practices. He reportedly partnered with Li Xiaolai to launch Malego Coin, raising 5,000 Ethereum tokens, which ultimately failed. He also allegedly borrowed 1,500 Bitcoins from OKX founder Star and failed to repay them. The absurdity of these events led the community to believe it was simply a case of the same name. However, in 2023, the person representing Moore Threads on CCTV was indeed Li Feng.
China's first CPU stock, Moore's Thread: Founded by the former president of Nvidia.
Moore Threads' IPO ignited A-share investor sentiment, with its shares surging 468% on its first day of trading. Moore Threads was founded and is headed by Zhang Jianzhong, former Global Vice President and General Manager of NVIDIA China, who left NVIDIA in 2020 to establish Moore Threads with the goal of developing domestically produced GPUs in China. The IPO raised 8 billion RMB, giving it a market capitalization of approximately 300 billion RMB.
Li Feng once partnered with Li Xiaolai to run an ICO and defrauded Star of NT$4.2 billion in Bitcoin.
However, crypto media outlets have reported that Li Feng, co-founder of Moore Threads, has been involved in several controversial incidents within the crypto. Some netizens believe the entire incident is absurd and suspect that the co-founder of Moore Threads is simply someone with the same name as a well-known figure in the crypto. However, at the launch event of the first National Advanced Computing Technology Innovation Competition hosted by CCTV.com in 2023, the person representing Moore Threads was indeed Li Feng, the same person who profited at the expense of retail investors and Star Xu.
During the 2017 ICO boom, Li Feng and Li Xiaolai launched Malego Coin (MGD), raising 5,000 Ethereum. Later, due to the sensitive name, they were summoned by regulators and renamed Alpaca Coin. However, the flow of funds remains unclear, and the claimed AI research has yielded no results.
In 2018, OKX founder Star claimed that Li Feng borrowed 1,500 BTC (worth NT$4.2 billion) from him and refused to repay it. Star recently responded : People cannot dwell on the negative shadows of the past, and the debt issue will be handled by law.
This article, titled "Former NVIDIA Executive Creates China's First GPU Stock! Moore Threads' A-Shares Soar After IPO, But Co-founder Embroiled in Crypto," first appeared on ABMedia (a ABMedia ).
