Ge Weidong increases investment in storage chip leader Zhaoyi Innovation.

An announcement released by Zhaoyi Innovation shows that as of July 31, Ge Weidong and Wang Ping hold 16.4467 million shares and 8.5999 million shares of the company, respectively, accounting for 2.34% and 1.23% of the total shares. Compared to the end of the first quarter, when they held 16.2616 million shares and 7.5732 million shares, their holdings have increased by 185,100 shares and 102,670 shares, respectively. According to public information, Ge Weidong is the head of Chao Wen Investment and a well-known investor, and Wang Ping is related to him by marriage.