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

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.”


Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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