Aug. 19 — Yushu Technology began trading on the Sci‑Tech Innovation Board, opening up more than 500% and valuing the company at over 350 billion yuan. The company prospectus shows chairman/GM/CTO Wang Xingxing directly holds 86.714964 million shares, equivalent to 21.4395% of post‑issue equity; he also held 9.5367% indirectly via equity‑incentive vehicle Shanghai Yuyi before the offering. Combined direct and indirect holdings are roughly 30%, worth in excess of 100 billion yuan, making Wang the

Aug. 19 — Yushu Technology began trading on the Sci‑Tech Innovation Board, opening up more than 500% and valuing the company at over 350 billion yuan. The company prospectus shows chairman/GM/CTO Wang Xingxing directly holds 86.714964 million shares, equivalent to 21.4395% of post‑issue equity; he also held 9.5367% indirectly via equity‑incentive vehicle Shanghai Yuyi before the offering. Combined direct and indirect holdings are roughly 30%, worth in excess of 100 billion yuan, making Wang the richest entrepreneur born in the 1990s.