Short essay: $Xizhi Technology Network reports that the founder—an MIT PhD—has encountered regulatory inquiries and investigations related to funds. It is alleged that shareholders (including major investors such as Tencent, Sequoia, Temasek, etc.) have collectively questioned the company’s operating data, triggering discussions of major matters and a temporary suspension. The company’s independently developed optical computing chip performance and mass-production data are suspected of being exaggerated or fabricated. Regulators have received real-name reports submitted by an institution. The Hong Kong Stock Exchange has urgently ordered a suspension pending review of the prospectus disclosures concerning the technology and the authenticity of orders.

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