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Former Huawei 'Genius Teen' Who Questioned DeepSeek Interview Lands in 'Crossfire' from Web3 Investor

Former Huawei "Genius Youth" Li Bojie recently drew public attention by criticizing his interview experience with DeepSeek. The controversy escalated when Du Jun, co-founder of Web3 investment firm ABCDE Capital, publicly accused Li of being "the founder with the least sense of contractual spirit" he had ever cooperated with, sparking a dispute over Li's startup project, Metagent. Li detailed a frustrating DeepSeek interview where he was accused of potential plagiarism, leading him to end the session. The spotlight then shifted to his venture, Metagent, a Web3+AI project aiming to tokenize AI agents. ABCDE invested $1.5 million, with an initial $500k disbursed. Du Jun claimed the project's progress was severely lacking, with a poor-quality demo and minimal social media activity. He alleged Li stopped communicating, deleted his Telegram, and failed to provide proper financial reporting. In response, Li argued the remaining $1 million was never received, crippling operations and forcing salary cuts. He stated he left Metagent in October 2024 due to family reasons and Web3 compliance concerns, with board approval. He claimed to have fulfilled disclosure duties and that his subsequent projects avoided conflicting fields. Other investors, including ArkStream Capital, shared negative due diligence experiences, citing unprofessional contracts and evasive answers on tokenomics. Metagent's social media went silent in June 2024, effectively stalling. Li has since moved to a new consumer AI agent platform, Pine AI (formerly Logenic AI), which has raised $25 million in Series A funding. He served as its Chief Scientist but recently left, clarifying he was not the founder and departed due to a shift in research interests.

Foresight News07/08 09:40

Former Huawei 'Genius Teen' Who Questioned DeepSeek Interview Lands in 'Crossfire' from Web3 Investor

Foresight News07/08 09:40

Female Billionaire Becomes a VC

The article details how Zhou Qunfei, founder and chairwoman of Lens Technology and once China's "richest woman," has entered the venture capital (VC) space. Zhou's recent investment in the embodied AI unicorn Kuawei Intelligent, contributing several hundred million RMB from her personal funds, brought her VC activities into focus. Her investment vehicle, Changsha Qunxin Investment, has made 17 investments, targeting semiconductor and hard tech companies like ChipOne Technology. Meanwhile, Lens Technology, her listed company, has made strategic bets this year on AI startups such as BrainCo, Xinghai Tu, Qingtian Zu, and Pudu Robotics. Zhou's own story is one of remarkable ascent. Starting as a migrant factory worker in Shenzhen, she built Lens Technology into a powerhouse supplying glass for major tech clients like Apple, with a market cap surpassing 300 billion RMB. Her move mirrors a broader trend among China's self-made industrial tycoons. Figures like Liu Yi of iHealth Labs (an investor in DeepSeek) and Zhu Xingming of Inovance Technology are similarly redirecting family offices and corporate capital away from traditional sectors like real estate. Instead, they are placing strategic bets on frontier technologies—AI, embodied intelligence, brain-computer interfaces, and nuclear fusion—effectively funding China's next wave of technological innovation.

marsbit07/02 09:49

Female Billionaire Becomes a VC

marsbit07/02 09:49

‘Crypto Mining Queen’ Lyu Yongshuang: Once Controlled 9% of Global Bitcoin Hashrate, Swindled Out of 60 Million by ‘Middle Eastern Royal Son-in-Law’ in the US

Summary: "Mining Queen" Lyu Yongshuang (Fiona Lyu), an 80s-born Chinese entrepreneur, once controlled approximately 9% of the global Bitcoin mining hashrate through her company Valarhash and its pools, 1THash and Bytepool. Her fortunes shifted dramatically in 2021 following China's crackdown on crypto mining. Relocating to the US, she fell victim to an elaborate fraud by two American brothers, Zubair and Muzammil Al Zubair. Posing as an "Arab royal" and a hedge fund manager, they used bribery and a fake romantic relationship to trick Lyu into signing a mining facility contract in Ohio. The scam resulted in losses exceeding $9.4 million, including the theft and resale of 1,067 mining rigs. In 2026, the brothers received lengthy prison sentences. Concurrently, Lyu faced legal battles in China, where a court invalidated a mining contract with a listed company, ordering a refund of nearly $2.8 million. These events marked a severe downturn for the once-powerful industry figure.

marsbit06/11 10:17

‘Crypto Mining Queen’ Lyu Yongshuang: Once Controlled 9% of Global Bitcoin Hashrate, Swindled Out of 60 Million by ‘Middle Eastern Royal Son-in-Law’ in the US

marsbit06/11 10:17

Female Crypto Mogul Survived Mining Crackdown and Market Plunge, but Paid a $60 Million Tuition to a U.S.-Style 'Pig-Butchering' Scam

An 80s-born Chinese entrepreneur, Fiona Lyu (also known as Lv Yongshuang), CEO of the mining firm Chengdu Valarhash Technology, was defrauded of over $9.4 million (approx. RMB 60 million) in the US, according to a Caixin report. Lyu's company once operated the 1THash and Bytepool mining pools, which collectively controlled about 9% of the global Bitcoin hash rate at their peak in early 2020. The scam began in 2021 after China's crackdown on crypto mining forced Lyu to seek overseas relocation for her operations. She was introduced to Zubair Al Zubair, who posed as an "UAE royal family member" with connections to Middle Eastern capital and US local government resources. He and his brother, who impersonated a hedge fund manager, orchestrated a fake contract signing for a mining facility in Ohio, witnessed by local officials. Lyu transferred millions in contract payments. The brothers, both US citizens with fabricated backgrounds, later fraudulently sold 1,067 of her miners for $6.17 million. The scheme involved bribing a mayor's chief of staff for legitimacy. In May 2026, US courts sentenced Zubair to 24 years in prison, his brother to 23 years, and the official to 8 years. Simultaneously, Lyu faced a separate legal battle in China. A subsidiary of listed company ST Zhongchang sued her firm, seeking refunds for a 2021 contract involving Bitcoin mining equipment. Chinese courts ruled the mining contract invalid and ordered a refund of nearly RMB 19.3 million. This dual blow marked a stark downturn for the once-prominent figure in the crypto mining industry.

Foresight News06/11 09:39

Female Crypto Mogul Survived Mining Crackdown and Market Plunge, but Paid a $60 Million Tuition to a U.S.-Style 'Pig-Butchering' Scam

Foresight News06/11 09:39

For Web3, This Time Cai Wensheng Is Determined to Get His Hands Dirty

Cai Wenshou, a prominent Chinese internet entrepreneur and investor, is making a significant push into the Web3 space with a hands-on approach, moving beyond his previous role as a financial backer. Despite early successes in domains and internet companies like Meitu, his advocacy for Meitu's $100 million cryptocurrency investment in 2021 led to substantial paper losses and public criticism, eventually resulting in his departure as chairman. After stepping down, he reduced his stake in Meitu and invested personal funds into Web3 initiatives. He purchased a 25-story commercial building in Hong Kong, renamed it "CAI Tower" (representing Crypto and AI), offering free rent to Web3 and AI startups in exchange for first investment rights. He also acquired two Hong Kong-listed companies, rebranding them as CAI Holdings and LONG Investment Group, to build a Web3 and AI asset management platform. Additionally, he integrated a licensed virtual asset exchange, EXIO, into his ecosystem, creating a full-cycle support system from incubation to trading. Cai believes in the long-term potential of Web3, comparing its growth trajectory to AI's gradual rise. He remains optimistic about Bitcoin's future, predicting it could reach $1.1 million. Unlike some early crypto figures who have exited the industry, Cai is deepening his involvement, aiming to foster tangible projects and ecosystems. His commitment reflects a broader need for established leaders to drive real-world adoption and achieve a credible, impactful victory for the crypto space.

marsbit03/16 09:45

For Web3, This Time Cai Wensheng Is Determined to Get His Hands Dirty

marsbit03/16 09:45

From OpenSea to OpenRouter: The Business Strategy of a Serial Entrepreneur in 'Aggregation'

From OpenSea to OpenRouter: The "Aggregation" Playbook of a Serial Entrepreneur Alex Atallah, co-founder of OpenSea (the largest NFT marketplace, once valued at $13 billion), left at the NFT market's height before its collapse. He has now founded OpenRouter, an AI model aggregation platform that unifies API access to over 500 models (including Claude, GPT, and DeepSeek) and charges a 5% fee on transactions. OpenRouter simplifies developer access by providing a single interface, avoiding the complexity of dealing with multiple providers, separate registrations, and API inconsistencies. Its growth has been rapid: monthly transaction volume surged from $800,000 in October 2024 to $8 million by May 2025, with annual processed value exceeding $100 million. The company, recently valued at $500 million after a $40 million funding round led by a16z, benefits from the AI boom and tools like OpenClaw, which uses OpenRouter as a default provider. Atallah’s strategy remains consistent: he doesn’t bet on which specific asset or model will succeed but instead positions himself as the essential intermediary in fragmented market—aggregating supply and capturing value through transaction fees. His approach highlights the power of building platforms that become critical infrastructure, regardless of which trend emerges next.

比推03/13 11:34

From OpenSea to OpenRouter: The Business Strategy of a Serial Entrepreneur in 'Aggregation'

比推03/13 11:34

The One-Person Company: The Path to Million-Dollar Revenue

Nat Eliason, a writer and entrepreneur, is building a one-person company named Felix with the goal of generating $1 million in revenue using AI agents as his sole employees. Leveraging the OpenClaw framework, Felix has rapidly progressed, achieving nearly $200,000 in revenue in just a few weeks. The venture began when a post about OpenClaw went viral, leading to the creation of a $Felix token. Eliason tasked his AI agent, the "CEO" of this zero-human company, with generating revenue. Felix started by autonomously building a website and selling a $29 OpenClaw setup guide, generating $41,000. It then identified market needs and expanded into two main businesses: Claw Mart, a marketplace for AI skills (generating ~$14,000), and Clawcommerce, a service building custom AI agents for enterprises. The system uses sub-agents for tasks like support and sales, with Discord as its operational hub. Operating costs are minimal at ~$1,500 monthly. A key development is Felix beginning to "hire" a human for affiliate distribution, signaling a shift from replacing humans to employing them. Challenges include AI unpredictability, memory management, and market education. Despite this, Eliason is optimistic. Future plans include optimizing existing services, exploring blockchain integration, and scaling further. He believes this model represents a new era of AI-driven commercialization and a significant wealth creation opportunity.

比推03/10 07:32

The One-Person Company: The Path to Million-Dollar Revenue

比推03/10 07:32

Billionaire Entrepreneur Says Bitcoin Price Crash Is A Gift, Here’s Why

A sudden Bitcoin price crash in late January 2026 wiped billions from the crypto market, causing panic and over $2.4 billion in liquidations. The price fell from around $83,000 to $77,000—a drop of more than 5%—before stabilizing near $78,500. Billionaire entrepreneur Barry Silbert, founder of Digital Currency Group, called the crash a "gift from the gods," arguing that such sharp corrections help reset the market by flushing out excessive leverage and weak hands. This reduces speculative pressure and strengthens long-term market health. Michael Saylor, whose firm’s Bitcoin holdings briefly fell below cost, reinforced a long-term mindset rather than reacting to short-term volatility. Both view such volatility as part of Bitcoin’s maturation, not a sign of failure, and believe sustainable growth requires periodic resets.

bitcoinist02/03 22:41

Billionaire Entrepreneur Says Bitcoin Price Crash Is A Gift, Here’s Why

bitcoinist02/03 22:41

9-Month Valuation Leap: The Capital Logic Behind Manus' Multi-Billion Dollar Acquisition

Meta has acquired AI startup Manus for several billion dollars, marking its third-largest acquisition after WhatsApp and Scale AI. Founded by Xiao Hong, a graduate of Huazhong University of Science and Technology, Manus launched its product in March and was acquired just nine months later. The company, which began in Wuhan, initially faced criticism for being a "shell" product built on existing AI models rather than developing its own. A pivotal move occurred in July when Manus relocated from China to Singapore, downsizing from 120 to 40 core employees to facilitate the acquisition amid geopolitical complexities. The deal was negotiated in just 10 days, reflecting Meta's urgency to strengthen its AI product portfolio against competitors like OpenAI and Google. Manus had achieved $125 million in annual recurring revenue with a global subscription-based user base, presenting Meta with a validated business model. Investors, including Sequoia China, Tencent, and ZhenFund, saw returns of tens of times on their initial investments. Xiao Hong will now serve as a VP at Meta, reporting directly to Mark Zuckerberg. The acquisition underscores a broader trend of Chinese entrepreneurs achieving global success, though often through strategic relocations to navigate regulatory challenges.

比推12/30 04:48

9-Month Valuation Leap: The Capital Logic Behind Manus' Multi-Billion Dollar Acquisition

比推12/30 04:48

From Wuhan to Silicon Valley, Manus Took Nine Months

From Wuhan to Silicon Valley: Manus Acquired by Meta in Nine Months Manus, an AI startup, was acquired by Meta for billions of dollars, marking Meta’s third-largest acquisition after WhatsApp and Scale AI. The deal was finalized just nine months after Manus launched its product in March. Founded by Xiao Hong, a graduate of Huazhong University of Science and Technology, Manus began in Wuhan. Xiao had previously sold two tools: a WeChat public account editor and a CRM tool for enterprise WeChat. Manus, initially criticized as a "shell" product for building on existing models rather than developing its own AI, used models like Claude and Qwen. In July, Manus relocated from China to Singapore, reducing its team from 120 to 40 core members. This move was crucial to facilitate the acquisition by a U.S. company amid regulatory challenges. The negotiation with Meta took only ten days, driven by Meta’s urgent need for a proven AI application—Manus had achieved $125 million in annualized revenue through a global subscription model within eight months. Investors including Sequoia China, Tencent, and ZhenFund saw returns of dozens of times on their investments. Following the acquisition, Xiao Hong became a VP at Meta. While ZhenFund’s partner Liu Yuan declared it the era for young Chinese entrepreneurs, the path to success involved moving the company out of China.

深潮12/30 04:08

From Wuhan to Silicon Valley, Manus Took Nine Months

深潮12/30 04:08

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