Guoxiong Capital Allocates 200 Million Yuan for Web3.0 and Cryptocurrency Investments

Guoxiong Capital Co., Ltd. has announced its strategic entry into the Web3.0 and cryptocurrency asset field, marking a significant shift in its investment focus. The company, known for its venture capital activities in high-tech industries, has allocated a special budget of 200 million yuan to be utilized over the next three years for the development of related businesses and cryptocurrency asset investments.

Chairman Yao Shangkun expressed optimism about the long-term strategic value of Bitcoin and other crypto assets, aligning this investment with the global financial development trend. He believes that the field holds immense growth potential, making it a strategic move for the company.

Guoxiong Capital, established in 2019, has its headquarters in the Huangdao District of Qingdao City, Shandong Province. The company has been actively investing in emerging fields such as artificial intelligence, blockchain, biomedicine, and new energy. As of 2024, the company's fund under management has reached 2.87 billion yuan, reflecting its growing influence and expertise in the venture capital sector.

This investment in Web3.0 and cryptocurrency assets is a testament to Guoxiong Capital's forward-thinking approach and its commitment to staying at the forefront of technological advancements. By allocating a substantial budget to this sector, the company aims to capitalize on the burgeoning opportunities presented by the evolving digital landscape.