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Zhou Dafu's co-CEO Zheng Zhiming clarified that the board has no plans to develop digital assets or stablecoins.
According to Deep Tide TechFlow news on September 25, as reported by Huigang Communications, Zheng Zhigang, who resigned as the CEO of New World Development on September last year, recently announced the establishment of a new company “Shanghai Cooperation Development”, which will expand into 9 major fields and 3 major directions, including the digital and virtual asset sectors.
The official press release did not disclose the specific amount of investment or details of the project, but mentioned that Zheng Zhigang had previously provided early funding for technology startups, participating in successful cases such as Xiaohongshu, XPeng Motors (09868), and Micro Connect ( Drip Irrigation ).
When asked whether Chow Tai Fook would collaborate with (00659), Chow Tai Fook's Executive Director and Co-CEO Zheng Zhiming stated after the earnings press conference: “This is Zheng Zhigang's personal investment.” Zheng Zhiming also mentioned that Chow Tai Fook's board has no plans to develop digital assets or stablecoins.