Investment World 24h | Lin Junyang Starts a Venture, Reportedly Raising Funds at a $2 Billion Valuation; Zhipu Surges 35% in One Day: Market Cap Tops 500 Billion Yuan; Macau Establishes Government-Backed Fund Management Company Hot Topic

▤ Summary

Lin Junyang has launched a new startup and is said to be initiating a financing round at about a $2 billion valuation. Zhipu surged roughly 35% in one day, pushing its market value above HK$500 billion. Macau announced the establishment of a government-guided fund management company to run daily operations and investment decisions for government-led funds. The article also summarizes multiple recent funding rounds, IPO activity and industry moves across AI, chip and biotech sectors, and highlights that competition and policy shifts create uncertainty for company development and fund deployment.

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