Li Bojie responded to the Metagent investment dispute, stating that ABCDE Capital only received $500,000.
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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.
Huawei's "genius youth" Li Bojie responds to Du Jun's accusations: Investment funds not fully received, resignation approved by the board of directors.
According to Odaily Odaily, Du Jun, co-founder of Web3 venture capital firm ABCDE, previously publicly accused Li Bojie of lacking a sense of contract and sued Li Bojie and his partner Zhuang Siyuan for refusing to fulfill their contractual obligations to synchronize financial and business progress after receiving investment from ABCDE during the founding of Metagent in 2024, and subsequently disappearing without a trace. In response, Li Bojie stated, "The investment agreement stipulated that ABCDE Capital would invest $1.5 million, but only $500,000 was actually received, with the remaining $1 million still outstanding. The company's cap table still records the institution's equity based on a $1.5 million share. Due to the delayed investment, he and his co-founders voluntarily reduced their salaries, and the company faced difficulties in recruitment and R&D. In October 2024, due to personal family reasons preventing him from leaving mainland China, and because Web3 projects were non-compliant, he resigned from Metagent, with board approval. He stated that until his departure, as CTO and co-founder, he had consistently fulfilled his responsibilities by disclosing the cap table and business status on time, and in accordance with the non-compete clause in the agreement, his subsequent entrepreneurial projects intentionally avoided areas such as Web3, AI infrastructure, and image generation."
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.
The Taiwan Affairs Office of the State Council responded to TSMC's plan to increase its capital investment in its US subsidiary by US$20 billion.
Mars Finance reports that the Taiwan Affairs Office of the State Council held a regular press conference on the morning of July 8. A reporter asked: "It is reported that TSMC will invest an additional $20 billion in its US subsidiary to build a 12-inch wafer fab and an advanced packaging plant. This is the sixth time the Taiwan Economic Affairs Department has approved TSMC's investment in its US subsidiary, bringing the total approved investment to date to $44 billion. This has further heightened concerns in Taiwan about TSMC becoming 'US TSMC.' What is your comment on this?" Chen Binhua, spokesperson for the Taiwan Affairs Office, replied: "The DPP authorities are using TSMC's investment in the US as a pledge of allegiance to 'seek independence by relying on the US,' shamelessly clinging to the US and actively cooperating with the US to seize Taiwan's advantageous industries. They are sacrificing their industrial foundation and interests in exchange for so-called 'support.' The further they go down the wrong path, the more the concerns of the Taiwanese people will become a reality." (Cailian Press)
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.
Vulcan Forged, a blockchain game developer, responded to being added to the watchlist by Binance, stating that PYR and the project are no longer sustainable.
According to Foresight News , Vulcan Forged responded to being labeled a "watch" account by Binance on the X platform, stating that the team understands this (due to its low market capitalization). The team stated that it is now clear that market attention and funding are insufficient to support the continued existence of the PYR token and the Vulcan Forged project, and they anticipate facing significant criticism, anger, and shock. This incident has essentially destroyed any possibility of a revival for the Vulcan and PYR brands. Vulcan Forged revealed that it may relaunch some niche games under a new brand in the future, but for now, this is a fatal blow that the team cannot recover from. Vulcan Forged also expressed shock, noting that the community is aware of the team's consistent commitment to daily operations and development. For the past six years, the team has strived to maintain its belief in blockchain games, but now the focus is severely lacking, and its games, like most blockchain games, have only a few dozen active users.