The story about Huang Le keeps getting bigger!
Many people think that Huang Le, the woman Huang Renxun allegedly had an affair with, suddenly made it big through a small private equity firm.
Wrong!
Huang Le and her husband, Kang Wei (yes, she’s married too), founded an investment firm called Hexi Investment. It was no small private equity firm.
They weren’t in the equity investment business; they ran private funds in the secondary market.
At their peak, they managed nearly 20 billion yuan, making them one of Shanghai’s top private funds at the time.
Now take a look at Kang Wei’s résumé!
Chief Strategy Analyst at the Research Institute of Shenyin & Wanguo Securities
Named Best Strategy Analyst at the inaugural New Fortune awards in 2004
General Manager of China Universal Asset Management (and head of its investment committee)
That’s a top-tier private fund heavyweight!
At the time, one of the largest computing centers in East China was being built in Shanghai’s Songjiang district, and they were among the project’s lead organizers. They later sold their stake in the project.
Later, after being hit with a hefty penalty by the China Securities Regulatory Commission over the Huqiu Technology case, Hexi’s assets under management shrank to around 1 billion yuan.
China’s capital markets were becoming increasingly strict, and after getting penalized, they couldn’t keep going. So they decided to take their business overseas and work on international computing infrastructure instead.
They had top-notch resources and connections.
And Huang Le is Kang Wei’s wife.
I hear that over the past year and a half, Huang Le has been under investigation by the U.S. government over chip trading.
A friend of mine worked with them before, so I know these basic details.
#黄仁勋因婚外情致歉，英伟达启动独立调查
$NVDAB
Many people think that Huang Le, the woman Huang Renxun allegedly had an affair with, suddenly made it big through a small private equity firm.
Wrong!
Huang Le and her husband, Kang Wei (yes, she’s married too), founded an investment firm called Hexi Investment. It was no small private equity firm.
They weren’t in the equity investment business; they ran private funds in the secondary market.
At their peak, they managed nearly 20 billion yuan, making them one of Shanghai’s top private funds at the time.
Now take a look at Kang Wei’s résumé!
Chief Strategy Analyst at the Research Institute of Shenyin & Wanguo Securities
Named Best Strategy Analyst at the inaugural New Fortune awards in 2004
General Manager of China Universal Asset Management (and head of its investment committee)
That’s a top-tier private fund heavyweight!
At the time, one of the largest computing centers in East China was being built in Shanghai’s Songjiang district, and they were among the project’s lead organizers. They later sold their stake in the project.
Later, after being hit with a hefty penalty by the China Securities Regulatory Commission over the Huqiu Technology case, Hexi’s assets under management shrank to around 1 billion yuan.
China’s capital markets were becoming increasingly strict, and after getting penalized, they couldn’t keep going. So they decided to take their business overseas and work on international computing infrastructure instead.
They had top-notch resources and connections.
And Huang Le is Kang Wei’s wife.
I hear that over the past year and a half, Huang Le has been under investigation by the U.S. government over chip trading.
A friend of mine worked with them before, so I know these basic details.
#黄仁勋因婚外情致歉，英伟达启动独立调查
$NVDAB
