MiraclePlus denies investing in Shanghai Zhisuan, says it is communicating to lift U.S. sanctions
BIBIBI
AT A GLANCE
MiraclePlus denies investing in Shanghai Zhisuan Technology, but the report cites U.S. Department of State and court records making the opposite claim.
Article
MiraclePlus responds to U.S. sanctions: Denies investing in Shanghai Zhisuan
Beating AI Flash: MiraclePlus, founded by Lu Qi, responded to U.S. sanctions, stating that the U.S. Department of the Treasury placed certain of its entities on a sanctions list without prior communication. The company explicitly denied investing in Shanghai Zhisuan Technology and said it is communicating with relevant parties in hopes of having the sanctions lifted as soon as possible.
The U.S. Department of State October 19 stated that former Google engineer Ding Linwei brought Shanghai Zhisuan Technology to the MiraclePlus startup camp, where MiraclePlus provided seed funding and acquired equity in the company.
More specific records come from a U.S. court. This year,August 20 an order from a federal court in California cited trial testimony stating that Ding Linwei 2023 entered the MiraclePlus startup camp in August and received 5000000 yuan CNY in financing from its investment arm, corresponding to 7%equity in Zhisuan Technology. 2024 An indictment from stated that Ding Linwei signed the relevant equity agreement in November.
Original link https://m.theblockbeats.info/flash/372869
Key points
01
MiraclePlus said that the U.S. Department of the Treasury placed certain of its entities on a sanctions list without prior communication.
02
MiraclePlus explicitly denied investing in Shanghai Zhisuan Technology and said it is communicating with relevant parties in hopes of having the sanctions lifted as soon as possible.
03
U.S. Department of State October 19 stated that Ding Linwei brought Shanghai Zhisuan Technology to the MiraclePlus startup camp, where MiraclePlus provided seed funding and acquired equity in the company.
04
The report cited trial testimony in an order issued this year by a August 20 federal court in California, stating that Ding Linwei 2023 entered the MiraclePlus startup camp in August and received 5000000 yuan CNY in financing from its investment arm, corresponding to 7%equity in Zhisuan Technology.
05
The report stated that an 2024 indictment recorded that Ding Linwei signed the relevant equity agreement in that year November.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The core issue is a direct conflict over the investment relationship: MiraclePlus denies investing in Shanghai Zhisuan Technology; the U.S. Department of State's account and the court materials summarized in the report state that MiraclePlus provided funding and acquired equity.
Why it matters to readers
MiraclePlus said certain of its entities have been placed on a sanctions list, while the investment relationship may be a key point of dispute in assessing the related claims.
Beginners should distinguish between “MiraclePlus's denial” and “the accounts in U.S. Department of State and court materials as summarized by the report”; this report alone cannot establish which side is accurate.
Risks and unknowns
The materials do not include the U.S. Department of the Treasury sanctions list or the basis for its application, so the specific entities listed cannot be verified.
The materials do not include MiraclePlus's full statement, so the complete wording of its denial and communications cannot be verified.
The materials do not include the original U.S. Department of State text, court order, or indictment; the related records are only summarized by the report.
There are conflicting accounts as to whether MiraclePlus invested in Shanghai Zhisuan Technology and acquired equity in it.
It remains uncertain whether and when the sanctions will be lifted.
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Related concepts
sanctions list
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