MiraclePlus responds to US sanctions: denies investing in Shanghai Zhisuan

Beating AI News Flash: Qi Ji Chuang Tan, founded by Lu Qi, responds to US sanctions, stating that the US Department of the Treasury, without prior communication, included some of its affiliated entities on the sanctions list. The company explicitly denies investing in Shanghai Zhisuan Technology and says it is communicating with relevant parties in the hope of having the sanctions lifted as soon as possible.

The US Department of State said on October 19 that former Google engineer Ding Linwei had brought Shanghai Zhisuan Technology to the Qi Ji Chuang Tan startup camp, and that Qi Ji Chuang Tan provided seed funding and obtained equity in the company.

More specific records come from US courts. On August 20 of this year, a ruling by a federal court in California cited trial testimony stating that Ding Linwei entered the Qi Ji Chuang Tan startup camp in August 2023 and received RMB 5 million in financing from its investment arm, corresponding to 7% equity in Zhisuan Technology. The 2024 indictment also records that Ding Linwei signed the relevant equity agreement in November of that year.