Colin Wu|Jul 27, 2026 05:02
Another FTX
2021: Country Garden Venture Capital's main entity, Hui Bi No. 5, participated in Changxin Technology's Series B financing with a 1.56% stake, investing about 900 million.
2024: Fully exited for 2 billion, with all funds used for ensuring property delivery, debt repayment, and alleviating the group's liquidity crisis.
2026: Changxin goes public with a market value exceeding 3 trillion, and Country Garden's investment currently has a book value of about 50 billion.
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