On September 11th, Yu Hao, founder and CEO of Zhumi, denied rumors of Zhumi's bankruptcy on social media. Yu Hao said that Zhumi has sufficient cash flow and good operating conditions, and has also spent 5 billion yuan in the past two years to repurchase old shares at a high price.
There were rumors that the MOVA of Zhumi was going to close down, the Suzhou government was going to take over Zhumi, and Zhumi was going bankrupt. Regarding this, Yu Hao said, "Over the past few years, it has been rumored dozens of times, and every time after reading it, it proves to be a rumor. It's really stupid and evil, and it's not worth seeing
He officially responded on social media, stating that Zhumi has sufficient cash flow and good operating conditions. In the past two years, the company and I have personally invested around 5 billion yuan to repurchase old shares at a high price, increasing our shareholding ratio from 45% to 70%. All the investors who withdrew made money, and early investors made tens of times more
Yu Hao said, don't spread rumors and cause trouble.
Yu Hao once said on his social media that many BU followers make profits from their products, skipping the burning stage and making direct profits.
Zhuimi recently announced the production of cars and entered the aerospace industry, establishing Zhuimi Group's Astronomy BU. It is reported that from the end of next year (2026), multiple businesses under Zhuimi Ecology will undergo mass IPOs on various global exchanges.
