According to TechFlow, on August 12, Hong Kong-listed company Xinhuo Technology issued a latest announcement stating that it has signed an asset management service framework agreement with its actual controller Li Lin to provide asset management services for its affiliated funds. The total assets under management of ABCDE Fund are US$400 million, and Li Lin holds a 31.25% stake. The total assets under management of New World Fund and MS Fund are US$200 million and US$18.1 million, respectively, and Li Lin holds 50.00% and 96.13% of the equity, respectively. According to RootData, ABCDE Fund has invested in 32 projects, 12 of which are lead projects, including Bitlayer, bitSmiley, Surf Protocol, UTXO Stack, etc.
See original
Xinhuo Technology: ABCDE Fund has a total asset management of US$400 million, and Li Lin holds a 31.25% interest
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0