Du Jun: ABCDE has stopped investing in new projects and suspended the second phase of fund fundraising plan

PANews reported on April 19 that ABCDE Du Jun tweeted to respond to the situation about ABCDE, saying: "ABCDE has officially stopped investing in new projects and suspended the fundraising plan of the second phase of the fund. The original team will continue to be responsible for the post-investment support and exit arrangements for existing projects to ensure that the commitments to entrepreneurs and LPs can be fulfilled conscientiously. The personal focus will also gradually shift from financial investment in the primary market to the direction of strategic investment and combining in-depth incubation, focusing more on industrial collaboration and long-term value creation." In addition, Du Jun added, "The new incubator brand Vernal will announce incubator shareholders and incubation rules and the first phase of incubation projects in May. The first phase of the buy list will also be released in May, explaining how much you bought and why you bought it."

"In the past three years, the ABCDE Phase I Fund has invested nearly US$40 million in total, supporting more than 30 projects, leading more than half of them. In the current market environment, IRR returns are still at the world's leading level. In addition to capital support, ABCDE has also continued to invest in the open source ecosystem, accumulating hundreds of Stars on GitHub, bringing substantial contributions to the community."