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KALSHI RAISES $1B AT $22B VALUATION AS PREDICTION MARKETS SCALE Kalshi raised $1 billion at a $22 billion valuation, led by Coatue with participation from major investors including Morgan Stanley, Sequoia Capital, and Andreessen Horowitz. Founded to turn real-world questions into tradable markets, Kalshi says it is building a new financial system where probabilities are priced transparently, not through fragmented or opaque channels. The company now claims over 90% of U.S. prediction market volume and says annualized trading has reached $178 billion in the past six months, with growing institutional adoption from hedge funds and asset managers.
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🚨🇺🇸BREAKING: SpaceX has officially filed for its IPO, targeting $80 billion or more in what would be the largest initial public offering in history, eclipsing Saudi Aramco's $26 billion 2019 record by a massive margin. Key details: -Ticker: SPCX -Dual listed on Nasdaq and Nasdaq Texas -Elon controls 85% of voting power via supervoting Class B shares (10 votes per share) -Insiders and board members combined hold 86% of total voting power -Structure makes it nearly impossible for shareholders to ever remove Elon as CEO -Trading begins next month -Biggest non-Elon winners: Valor Equity founder Antonio Gracias and PayPal co-founder Luke Nosek -Sequoia Capital also holds meaningful stake (not disclosed in filing) This is the financial event of the decade. $80 billion is more than three times the size of the previous record. A private American company that lands rockets, runs the global satellite internet, just signed a deal with Anthropic for orbital AI compute, and merged with xAI is now opening itself up to the public markets at a valuation that dwarfs entire G20 economies. Elon's structure ensures he runs the company forever. Texas just won the biggest listing in history. The future of American capitalism is being built right now, and it's happening outside Wall Street's traditional grip. Source: WSJ
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Announcing our Series C of $6B to accelerate our progress Investors participating include a16z, Blackrock, Fidelity, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, among others
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Multiple identities and cross-border capital operations Hu Xiaowei = Chen Xiaoer = Wu An Ming According to publicly available information Hu xiaowei first used the passport under the name Chen Xiao’er in 2017, before officially changing it to Wu An Ming by 2020. 1 HKE Holdings In September 2019, Hu Xiaowei, operating under the alias Chen Xiaoer, acquired approximately 75% of the Hong Kong–listed company HKE Holdings (stock code: 1726) through his British Virgin Islands–incorporated vehicle, Eagle Fortitude Limited. Following the acquisition, he assumed the roles of Chairman of the Board and Chief Executive Officer. In 2020, Chen Xiaoer formally changed his name to Wu An Ming (Hu Yanming). In April 2021, he fully exited the investment by disposing of his entire shareholding. 2 Evergrande Property Services Group Separately, in August 2020, Hu—again using the alias Wu An Ming—invested via another BVI-registered entity, Future King Inc. (incorporated in February 2017), as a limited partner in Tisé Opportunity Fund I, managed by Zhang Yutao. Through this structure, he indirectly acquired a 1.194% stake in Evergrande Property Services Group prior to its public listing. Other strategic investors participating in the same financing round included funds and entities associated with major institutional players such as : Sequoia Capital ChinaSCC Growth VI 2020 B, L.P.(「Sequoia Capital China Growth」), CC Eagle Investments Limited(「CITIC Capital」), YF Evergreat Property Limited(「Yunfeng Capital」), Golden Fortune Holding Limited (「Tencent Holdings」), Huatai Securities, and ABCI Global Opportunities SPC (「Agricultural Bank of China」) among others. 3 China Reserve Securities Through Future King Inc., Hu Xiaowei (Wu An Ming) is the beneficial owner of at least two Hong Kong-based asset management firms: China Reserve Securities Ltd, which is licensed by the Hong Kong Securities & Futures Commission, and Future Wing Financial Company Ltd. Records show Future King acquired China Reserve Securities in December 2018. 4 Nanomix Corp Through Future King Inc., Hu Xiaowei (Wu An Ming) has also been a stockholder in Nanomix Corp, a Nasdaq-listed medical company that markets tests to detect or monitor diseases. 5 Boyaa Interactive International Limited As of August 21, 2025, Hu Xiaowei—operating under the alias Wu An Ming (Hu Yanming)—held approximately 5.4% of Boyaa Interactive International Limited ( through a network of entities, including Future King Inc., Future Cosmos Limited, and Future Oasis Pte. Ltd. Boyaa Interactive, a HKEX–listed company founded by Dai Zhikang , is often described as a “lightweight MicroStrategy of Hong Kong equities,” reflecting its dual exposure to online gaming and cryptocurrency investments. The company currently holds more than $400 million in Bitcoin reserves. Dai Zhikang @Crossday was previously the boss of @DujunX , and was an early investor in ventures associated with @LeonHuobi , including both the original Huobi platform and @_BitfireGroup 6 HyalRoute Communication Group Through Future King Inc., Hu Xiaowei (Wu An Ming) has also been a shareholder in HyalRoute Communication Group Limited, a Singapore-based company that specializes in developing fiber optic networks. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @MFAsg
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Big Bro Chen Xiaoer The pattern of Hu Xiaowei(Chen Xiaoer) repeatedly evading meaningful prosecution points to deeper, systemic breakdowns within the judicial process. On March 26, 2026, the UK government published a new round of sanctions targeting entities linked to the Prince Group, including Hu Xiaowei and several associated individuals and companies. 1. “Knight Attack Group” Case (2011) Between 2008 and 2011, the so-called Knight Attack Group, led by Hu Xiaowei, was investigated twice by police in Gaoyou and Danyang (Jiangsu Province). On both occasions, the suspects were released after posting bail of approximately RMB 10 million. On May 30, 2011, authorities formally closed the case involving the group, which had generated over RMB 100 million in illicit profits through attacks on private game servers. Nineteen suspects, including Cai Wen, were arrested. When the case was adjudicated in 2012, all 19 defendants received suspended sentences. Cai Wen himself paid fines exceeding RMB 10 million, but none of the individuals served actual prison time. After that,Hu Xiaowei fled to Hong Kong. 2. “Chongqing Xiaoxian” Case (2016) According to official disclosures, authorities in Yinchuan determined that Hu Xiaowei and Cai Wen, along with chairman Gong Zhaowei and legal representative Fang Zhizhen, had established a large-scale criminal operation centered on illegal private game servers, generating nearly RMB 6 billion in profits over two years. In September 2016, Hu Xiaowei was arrested by Yinchuan police at the Beijing Hotel in Beijing. Meanwhile, Fang Zhizhen fled overseas. Between August 2016 and August 2017, authorities imposed various coercive measures on 12 suspects, including criminal detention, arrest, residential surveillance, and bail pending trial. Hu Xiaowei was detained for 70 days and placed under residential surveillance for an additional 23 days before ultimately being released on bail. After regaining his freedom, Hu fled China again through illicit channels, later reemerging under multiple false identities. 3. “527 Major Case” (2020) According to case materials related to the May 27, 2020 crackdown, authorities targeted a network spanning Jiangxi “Legend Supreme,” Chongqing Xiaoxian, and associated individuals including Zhu Yongcheng, Qin Zike, Chen Lixin, Cai Wen, Gong Zhaowei, as well as Hu Xiaowei’s partner Wang Yihan and his wife. Wang Yihan, born August 26, 1976 in Shanxi Province, was Hu Xiaowei’s partner, with whom he has two children. Acting as a public-facing proxy, she operated multiple entities—including Jiangxi Legend Supreme, Beijing Puman, and Hainan Anzhengbao—to funnel traffic and provide support for Hu’s overseas gambling syndicate, believed to be the second-largest cross-border gambling network in Asia. She is also alleged to have leveraged personal connections to interfere with judicial processes in mainland China, targeting both individuals and their families. Authorities identify Hu Xiaowei as the ultimate controller behind these operations. Following the loss of licensing rights to the Legend franchise in November 2020, Hu’s overseas gambling, adult-content apps, and associated money-laundering channels were significantly disrupted. Large volumes of illicit funds were subsequently exposed and frozen by law enforcement across multiple jurisdictions in China. Hu’s primary revenue streams stemmed from operating online casinos, assembling gambling networks, and profiting from activities including “fishing games,” romance scams, adult platforms, and telecom fraud. He relied heavily on private game servers and fourth-party payment platforms to launder proceeds from these operations. Leaked Cayman banking documents suggest that Chen Zhi’s initial capital originated from a $2 million loan provided by his uncle—identified as Hu Xiaowei. Estimates place Hu’s monthly illicit income at around RMB 2 billion, with peak periods reportedly reaching as high as RMB 20 billion per month. Final Note In 2020, Hu Xiaowei acquired Cambodian citizenship under his real name. In 2022, he was appointed as an advisor to Heng Samrin, then-President of Cambodia’s National Assembly—a position broadly equivalent to ministerial rank. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @mfasg #bigbro# #huxiaowei# #chenxiaoer#
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