MiraclePlus responds to US sanctions: denies investing in Shanghai Zhisuan.
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Beating AI Express News: Miracle Plus, the startup accelerator founded by Lu Qi, has responded to US sanctions, stating that the US Treasury Department added some of its entities to the sanctions list without prior communication. The company explicitly denies investing in Shanghai Zhisuan Technology, adding that it is in communication with relevant parties and hopes to have the sanctions lifted as soon as possible. The US State Department said on October 19 that former Google engineer Ding Linwei brought Shanghai Zhisuan Technology to participate in Miracle Plus’s startup camp, with the accelerator providing seed funding and obtaining equity in the firm. More specific details come from US court records. On August 20 this year, a ruling from the US District Court for the Central District of California cited trial testimony noting that Ding Linwei joined Miracle Plus’s startup camp in August 2023, received 5 million RMB in funding from its investment arm, corresponding to a 7% equity stake in Zhisuan Technology. The 2024 indictment further records that Ding Linwei signed the relevant equity agreement in November of that year.
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