Huawei's "genius youth" Li Bojie responds to Du Jun's accusations: Investment funds not fully received, resignation approved by the board of directors.
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After criticizing DeepSeek for disrespectful interviewing practices, Huawei's "genius youth" Li Bojie is accused by a former investor of "taking money and disappearing."
According to Beating's monitoring, Li Bojie, one of Huawei's first batch of "genius teenagers," complained about his DeepSeek interview experience on social media, claiming that he was accused of cheating during a coding interview and therefore terminated the interview on the spot. This complaint quickly sparked a new controversy, with former investor and co-founder of Web3 venture capital firm ABCDE, Du Jun, publicly accusing Li Bojie of "lacking a sense of contract." Du Jun alleges that Li Bojie and his partner Zhuang Siyuan, after receiving investment from ABCDE to found Metagent in 2024, refused to fulfill their contractual obligations to synchronize financial and business progress, and subsequently disappeared. Du Jun stated that he can accept various project failures, but cannot accept the fraudulent behavior of founders taking the money and running away. Li Bojie resigned from Huawei in 2023 and co-founded Logenic AI (later renamed Pine AI), and has not yet responded to these allegations.
Du Jun: Metagent founder Li Bojie refuses to fulfill investment agreement and has gone missing.
According to Odaily Odaily, Du Jun, co-founder of ABCDE Capital, wrote that Li Bojie, founder of Metagent, is "the founder with the least sense of contractual obligation" he has ever worked with. Du Jun stated that Li Bojie founded Metagent in 2024 and received investment from ABCDE Capital, but subsequently refused to fulfill the basic obligations stipulated in the investment agreement, including updating investors on business progress and financial status, and later even disappeared. Du Jun said that venture capitalists can accept project failures, but cannot accept fraudulent behavior such as founders "running away" after receiving investment.
Du Jun retorted to Li Bojie: Entrepreneurs and job seekers alike need to understand their place; no one is going to pay for your success.
According to Beating's monitoring, Du Jun, co-founder of ABCDE Capital, issued another clarification in response to Li Bojie's accusations of insufficient investment funds. Du Jun stated that the agreed-upon $1.5 million was originally intended as an initial payment of $500,000, with subsequent payments depending on project progress. However, the Metagent team not only fell short of expectations but also failed to provide investors with financial statements for 10 months. Furthermore, Li Bojie stopped responding to inquiries in July 2024 and deleted his Telegram account, becoming unreachable. Du Jun emphasized that his statement was not a legal action, but rather an expression of the belief that everyone should fulfill their current role: when starting a business, one should be responsible to investors; when seeking employment, one should respect interview rules and not expect everyone to pay for their past achievements and accolades.
Li Bojie responded to the Metagent investment dispute, stating that ABCDE Capital only received $500,000.
On July 7th, PANews reported that Li Bojie, co-founder and former CTO of Metagent, responded to accusations from Du Jun, a partner at ABCDE Capital. Li stated that of the $1.5 million stipulated in the investment agreement, only $500,000 had been received, with the remaining $1 million unpaid. However, the cap table still calculated ABCDE's equity based on $1.5 million. Li Bojie stated that due to the prolonged delay in funding, he and his co-founders voluntarily took pay cuts, hindering the company's recruitment and R&D. He resigned in October 2024 due to family reasons and Web3 compliance issues in mainland China. Before leaving, he disclosed the cap table and business progress as required, and stated that subsequent entrepreneurial projects avoided areas related to non-compete clauses, such as Web3, AI infrastructure, and image generation.
Data: Total investment and funding in the crypto market reached $898 million in June, with infrastructure and DeFi leading the way.
According to ChainCatcher and RootData's funding data, 42 investment, financing, and M&A events were disclosed in the primary crypto market in June 2026, with a total funding amount of approximately $898 million, a decrease of 60.5% month-over-month and 67.3% year-over-year. There were also 15 M&A events, with a disclosed amount of approximately $305 million. Overall, funds continued to flow concentratedly into infrastructure, DeFi, and CeFi, institutional capital markets, on-chain lending, derivatives trading, and stablecoin payments/settlement as the main growth drivers. DeFi was the most active sector this month, completing 18 investment, financing, and M&A events with a disclosed amount of approximately $330 million. Morpho completed a $175 million funding round, becoming the largest funding project in the DeFi sector this month; Fomo completed a $75 million Series B funding round, indicating that on-chain transactions and consumer-level entry points remain attractive. The infrastructure sector saw 13 deals, disclosing approximately $453 million, ranking first in terms of amount. Projects such as Digital Asset, Ornn, and Trace Finance received funding for institutional-grade capital markets, the financialization of AI computing power, and stablecoin settlement infrastructure, respectively. CeFi saw 12 deals, with fewer non-M&A financings, but M&A and institutional trading services performed strongly. SBI Holdings acquired the Japanese crypto exchage Bitbank for approximately $289 million, becoming the largest M&A deal this month; SignalPlus completed a $50 million Series B1 funding round, and EDGE Markets completed a $29.2 million Series A funding round, indicating that institutional-grade trading, derivatives, and compliant financial services remain key areas of capital investment. The top five projects this month totaled approximately $944 million, accounting for about 76% of the total disclosed amount. The top three projects in terms of funding and M&A amount were: Digital Asset (US$355 million), an institutional-grade crypto exchage infrastructure company; Bitbank (US$289 million, acquired); and Morpho (US$175 million), an on-chain lending protocol. In terms of investment institutions, Coinbase Ventures, a16z, Pantera Capital, CoinFund, Paradigm, Animoca Brands, and HashKey Capital remained active, with leading capital firms favoring projects with clear institutional clients, compliance pathways, and real-world use cases.
ArkStream Founding Partner: I had discussed investment with Li Bojie, but later found his contract to be very unprofessional, and he hadn't even figured out how to unlock it.
According to Odaily Odaily, Ye Su, Founding Partner of ArkStream Capital, wrote on X: "Li Bojie also contacted us during the fundraising process. At the time, we thought the project background was good, and we expressed our interest. Later, during the due diligence phase, we discovered that Li Bojie intentionally confused the funds he was interested in with the funds he had already invested in. Moreover, the contract he sent was very unprofessional. The team hadn't even figured out how to unlock the funds. One minute they would reply 'we'll decide later,' and the next minute they would reply 'we can place an order now.' So we decided to pass on him." Ye Su also mentioned: "Having worked in the first-tier market for 8 years, my deepest realization is that a founder's character and talent have absolutely nothing to do with each other. When founders are at a low point, they are very humble when raising funds, but it is when they achieve success that their character is truly tested. Li Bojie is a prime example; the fact that he dares to respond shows that he is justified in swindling money."