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How does Haoxianglai’s owner generate an 88% return on equity?

Wanchen’s asset-light model, rapid turnover, and high leverage keep its equity base small and shareholder returns elevated.

9 mins read
  • Investors in the AI company’s latest round are seeking exposure before a potential listing that could come as early as the end of 2026.

    News

    Moonshot AI targets August 27 closing for pre-IPO round ahead of Hong Kong filing

    3 mins read

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