CXMT Founder Pledges $5.6 Billion to Employees After Record IPO
Zhu Promises Workers $5.6 Billion in Bonuses Chinese memory chip giant CXMT has made history after its blockbuster stock market debut. The company’s shares jumped between 466% and 530% on the Shanghai STAR Market. That stunning rise pushed founder Zhu Yiming’s wealth to $13.9 billion, according to the Bloomberg Billionaires Index. However, the biggest surprise…