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      Yushu Technology Debuts on STAR Market with Significant Returns for Early Investors

      Yushu Technology made its debut on the STAR Market today, achieving an opening market value of 444.9 billion yuan. This successful launch has resulted in remarkable returns for early investors, particularly angel investor Yin Fangming, who invested 2 million yuan during the seed round in 2016. His stake has grown to 11.1749 million shares, valued at approximately 12.292 billion yuan, yielding a return of over 6,100 times his initial investment.

      Sequoia China, another early investor, contributed 15 million yuan during the angel round in 2019 when the company's post-investment valuation was just 150 million yuan. At the time of Yushu's listing, Sequoia held 25.8995 million shares, translating to a holding value of around 28.489 billion yuan, making it the largest market-oriented venture capital firm with shares in Yushu Technology.

      Matrix Partners also invested in Yushu, participating in the B round in 2022 and acquiring 19.8491 million shares, which are now valued at approximately 21.834 billion yuan. Additionally, a fund under DJI had intended to invest about 10.12 million yuan in 2018 but ultimately withdrew, missing out on potential profits exceeding 25 billion yuan based on the current market value.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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