Recently, investors are always asking whether grassroots venture capital Shunwei Capital has withdrawn its investment? I was quite surprised to hear this information. I took the time to check the industrial and commercial registration information of grassroots investment, and here I would like to report to you what I know.

First of all, Grassroot Investment is affiliated to Zhejiang Grassroot Network Technology Co., Ltd. Zhejiang Grassroot Network Technology Co., Ltd. currently has five natural person shareholders, one of which is the vice president of Shunwei Capital: Ma Wenjing; she invested 4 million and holds 20 shares. Although the investment was not made in the name of Shunwei Capital, Ma Wenjing can be said to have invested on behalf of Shunwei Capital.

The reason for everyone's doubts may be that the five shareholders of "Zhejiang Grassroots Network Technology Co., Ltd." gave their shares to "Grassroots Financial Information Services (Hangzhou) Co., Ltd." in the form of "equity pledge." What is equity pledge? Du Niang’s explanation is a now feasible financing guarantee method, as a right that can be pledged and guaranteed. However, after the equity of the target company was pledged, the managers of the creditor company did not change much. In fact, they pledged it to themselves. The reason for this operation should be that the business scope of Grassroots Network Technology Co., Ltd. does not include financial services. It has no operating rights, and the industrial and commercial side will not be able to get through. It will be found to be illegal fund-raising. The business scope of Grassroots Financial Information Services Co., Ltd. includes financial services, which seems more formal.

The shareholder of Grassroots Financial Information Services (Hangzhou) Co., Ltd. is Grassroots (Hong Kong) Investment Co., Ltd. Because this company is registered in Hong Kong, the capital contribution of the relevant shareholders cannot be found. However, in the filing information, we can also see that there is a director named Li Wei, who has the same name as Li Wei, the vice president of Shunwei Capital, but it is not sure whether they are the same person.