How do rumors start? That day, there was a KOL at the event who asked @heyibinance Yi Jie: Binance has made so much money, have you allocated any funds domestically to invest in Chinese internet/AI projects? Yi Jie replied: Yes, we’ve invested in some AI projects. The specific ways of participation are quite flexible. Today, Tencent Tech published an article based on this, framing it as 'a company' and 'large models,' which is essentially speculation. Then, crypto media outlets picked it up as a 'source' and started reposting it. A lot of the time, media just chase shadows… Pure personal speculation: Previously, Sequoia Capital had a dispute with Binance, but later they reconciled. CZ mentioned in his book that Sequoia became an LP of YZi Labs. So conversely, YZi Labs could also become an LP of some Chinese VCs, indirectly investing in Chinese AI projects through them.