Du Jun: I am increasingly unable to agree with the current ecological atmosphere of the primary market, and I hope to invest in promoting industrial progress.

PANews April 19th news, ABCDE Du Jun tweeted, "ABCDE has stopped investing in new projects and second phase fundraising, which is entirely because individuals want to change their positions and rethink how to participate in the development of the industry. The team is great, and there is no problem with fundraising. The two cornerstone LPs have sufficient funds and are willing to continue to support. This is not a matter of funding or ability, but a choice of direction.

Frankly speaking, I am increasingly unable to agree with the current ecological atmosphere of the primary market: many projects are extremely short-sighted and just thinking about how to go online to the exchange as soon as possible, and what is left behind is often a mess. What is even more worrying is that some first-tier funds not only have no reflection on this, but instead widely publicize the "Shangsu Project" they invested in and the short-term market value performance, but never mention the value creation of the projects themselves, let alone whether these projects survive healthily after the Shanghai Institute. This is not a game I am willing to participate in, nor is it my original intention of founding ABCDE. For me, such a job is a waste of time, not a creation of value, not a shortage of it and not want to make this money.

Next, I hope to invest time and resources in things that really promote industrial progress. Spend time, work hard, make strategies, accompany teams with a sense of mission, and incubate companies that can truly bring long-term value to the industry and society. As a member of the industry, I believe we have a responsibility to promote the return of ecology to rationality and health, rather than being enmeshed by short-term games. ”