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... In reality, he had only invested twenty million dollars, and then utilized an AB-share structure.
Simply put, investors provide the funds, Li Bing starts the business, but one of his shares counts as five, ensuring control.
A one hundred million dollar financing round is essentially about selling the remaining 80% of the shares after accounting for his own 20%.
If Lu Liang took over the entire twenty million dollars deficit, he could own 20% of NIO.
But whether he ...
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