Du Jun: ABCDE Has Stopped Investing in New Projects and Suspended Fundraising for its Second Fund

ABCDE co-founder Du Jun responded to inquiries about ABCDE on Twitter, stating, "ABCDE has officially stopped investing in new projects and suspended fundraising for its second 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 diligently fulfilled.

My personal focus will also gradually shift from primary market financial investments to a strategy-led, deep incubation approach, focusing more on industry synergy and long-term value creation."

In addition, Du Jun added, "The new incubator brand, Vernal, will announce its incubator shareholders and incubation rules, as well as the first batch of incubated projects, in May. The first purchase list will also be released in May, detailing how much was purchased and why."

"Over the past three years, ABCDE's first fund has invested nearly $40.000.000, supporting over 30 projects, leading more than half of them. In the current market environment, the IRR return remains globally leading. In addition to capital support, ABCDE has also continuously contributed to the open-source ecosystem, accumulating hundreds of stars on GitHub, bringing substantial contributions to the community."