Chinese Challenger To Nvidia Mints A New Billionaire As Its Inventory Soars Over 420% In Buying and selling Debut
Founder Zhang Jianzhong has amassed a fortune of $4.3 billion primarily based on his stake in Moore Threads.
Zhang Jianzhong, founding father of Moore Threads Technology, has joined the billionaire ranks as shares of his Chinese AI chipmaker soared over 420% on its Shanghai market debut amid optimism it may in the future change into the Nvidia of China. The 59-year-old chairman and CEO of the Beijing-based agency has amassed a fortune of $4.3 billion primarily based on his stake within the firm, in accordance with Forbes estimates. Moore Threads raised 8 billion yuan ($1.1 billion) in late November by promoting 70 million shares at 114.28 yuan apiece, in accordance with its prospectus. Fellow cofounders Wang Dong and Zhang Yubo additionally joined the world's three-comma...










