The company is a red-chip.

Now both A-shares and Hong Kong stocks need to be delisted before going public.
JieJie Xingchen also delisted theirs.
It feels like we need a substantial return.
And we have to continue at the original pace for another year.
Uncertainty has also increased.
Let's see if pure Series A or 1.5 rounds might offer
the possibility of big returns.
Companies with physical assets and large teams
are just too exhausting to manage.