China’s Huiyin Group Launches $20 Million Blockchain Venture Capital Fund

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The Huiyin Group, a multibillion-dollar Chinese investment company, has announced the launch of a subsiduary called Huiyin Blockchain Venture capital (HBV) that will be focused on the Blockchain sector.

According to a report in 8BTC, HBV has committed USD $20 million to invest over the next 6-12 months. The fund will be managed by James Wo, co-founder of Huiyin Group, and will focus on improving Blockchain ecosystems by investing in infrastructure projects and new applications.

The Huiyin Group is normally focussed on real estate, energy and agriculture and manages diversified investments in commerce, energy, medicine, agriculture, tourism, electronics, chemicals, commerce and food and beverages. It reportedly has more than 20 subsidiaries, with assets in excess of $2 billion.

“We are looking to invest in bitcoin-related companies to help enrich the industry as we see a huge return on investment opportunities. With the Bitcoin industry continues to mature, Bitcoin in China and other parts of the world will continue to grow and as the technology continues to gain traction on a global scale, HBV intends to be at the forefront of this technology, said James Wo, co-founder of Huiyin Group.”

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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