Du Jun: ABCDE has stopped new project investments and suspended the fundraising plan for the second phase of the fund. The original team will continue to be responsible for post-investment support for existing projects

ChainCatcher news, Du Jun, co-founder of ABCDE, stated on social media that ABCDE has officially ceased new project investments and suspended the fundraising plan for the second phase of its fund. The original team will continue to be responsible for post-investment support and exit arrangements for existing projects, ensuring that commitments to entrepreneurs and LPs are fulfilled seriously.

His personal work focus will also gradually shift from financial investments in the primary market to a strategy-led approach combined with deep incubation, with a greater emphasis on industrial synergy and long-term value creation.

Du Jun added that he has launched a new incubator brand, Vernal, and will announce the incubator shareholders and incubation rules, as well as the first batch of incubated projects in May. In May, he will also release the first buying list, detailing how much was bought and the reasons for the purchases.