On July 27, CXMT, a prominent domestic DRAM manufacturer, made its debut on the Science and Technology Innovation Board, experiencing a remarkable surge in its stock price by 465.82%. With a total market capitalization surpassing 3.28 trillion yuan, CXMT claimed the title of the new market capitalization leader among A-shares. Xiaomi's wholly-owned subsidiary, Wuhan 1810 Enterprise Management Co., Ltd., took part in the strategic placement, securing 18.2448 million shares and realizing a profit of 736 million yuan on the very first day. Certain reports alleged that Lei Jun had attained a paper gain of 717 million yuan through this investment. On the morning of July 28, Xu Jieyun from Xiaomi addressed these claims, emphasizing that this was a corporate investment, unrelated to personal wealth, and extended his congratulations to CXMT. CXMT's shares were issued at 8.66 yuan each, opening at 49.5 yuan and reaching an intraday peak of 55.03 yuan. Other reports also highlighted the returns from Alibaba's investment in CXMT.