Because the rest of the fund is called Hongtai Fund, not a real fund.

Yu Hongmin, the boss of New Oriental, has his own fund called Hongtai Fund. It has nothing to do with Zhenge Fund and has no shares.

Yu, born on September 4, 2004, 1962, Xiagang Street, Jiangyin City, Jiangsu Province. Founder of New Oriental Education Group, an expert in English teaching and management. ? Chairman of New Oriental Education Group, co-founder of Hongtai Fund, vice president of China Young Entrepreneurs Association and member of all-china youth federation.