On the first workday of the third week of May, Magic Camera went live.
Its founder, Xu Jiujiu, had gained widespread attention after taking first place in the initial "Split 10 Billion in Trial Funds" event for Orange Pay by holding 93 million in her Yu'e Bao account.
After returning to Luzhou, Xu Jiujiu immediately registered official Toutiao and Weibo accounts for Magic Camera and announced to the public that Chen Yansen had invested in the project.
The news instantly caught the attention of numerous investment firms!
After all, Chen Yansen had a reputation in the investment world as both a God of Wealth and a guiding light.
A project favored by President Chen was almost guaranteed to take off.
In reality, Chen Yansen had only made a symbolic investment of one yuan, but Xu Jiujiu insisted on giving him 20% of the company's equity.
Chen Yansen had intended to refuse, but then he thought about Douyin's situation and ultimately accepted.
