A new company, Zhongxi (Wuxi) Rare Earth Co., Ltd., has been established in Wuxi with a registered capital of 10 million RMB. The company's business scope includes the smelting of rare and rare earth metals, manufacturing of non-ferrous metal alloys, and sales of rare earth functional materials. Separately, iFlytek (Suzhou) Technology Co., Ltd. has become a new shareholder in Shanghai Hengte Electronics Technology Co., Ltd., increasing its registered capital. Additionally, DeepSeek's Liang Wenfeng is reported to be the world's richest individual in the AI company sector. AI
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