Important News from Last Night and This Morning (July 7 - July 8)

Du Jun Claims to Have Invested in the "Huawei Genius Youth" Who Criticized DeepSeek's Interview; the Latter Breached Contract and Went Missing After Investment ABCDE Capital founder Du Jun retweeted a PANews post titled "Huawei 'Genius Youth' Faces Criticism During DeepSeek Interview, Process Terminated On the Spot," stating that Li Bojie, the founder of his investment project Metagent (and former Huawei "Genius Youth"), refused to fulfill obligations outlined in the investment agreement after receiving funding. These obligations included updating on business progress and providing financial data. Li subsequently went missing. His partner, Zhuang Siyuan, also stopped responding and disappeared after being repeatedly asked to provide financial reports. According to the sources, Metagent ultimately failed, and the two founders later started a new project, which also seems to have failed. Multiple industry insiders expressed on social media that such behavior severely damages the personal credibility of entrepreneurs and their potential for future fundraising. The People's Bank of China