Huaxing Capital announced that it will invest $100 million in Web3 business over the next two years.

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The New Wave of Web3 Investment: Huaxing Capital's Strategic Transformation and Layout

Hua Xing Capital, once a powerhouse in the internet sector, is now turning its attention to the Web3 world. This investment bank, which has been involved in several major mergers and acquisitions, recently announced an important decision: it will invest $100 million in Web3 business expansion and direct investment in crypto assets over the next two years.

This news immediately triggered a market response, causing the stock price of Huaxing Capital Holdings to surge. As an important player in the Web2 era, Huaxing Capital seems to be trying to find a key position once again in a new round of financial transformation.

China Renaissance Invests $100 Million Heavily in Web3: From Connecting Giants to Crypto New Era Operator

In fact, Huaxing Capital has quietly begun its layout in the crypto field. From investing in Circle in 2018, to assisting Canaan Creative in its IPO in the U.S. in 2019, and subsequently participating in projects like Amber Group and Matrixport, Huaxing Capital has left its mark in various subfields such as mining machines, stablecoins, and trading platforms.

The strategic adjustment of Huaxing Capital is closely related to the company's recent transformation efforts. After experiencing the founder incident and a decline in performance, the company proposed the "Huaxing 2.0" strategy, focusing on hard technology, industrial upgrading, and globalization, attempting to shake off the label of traditional consumer internet.

Huaxing Capital invests $100 million heavily in Web3: From facilitating giants to becoming a new player in crypto

It is worth noting that Huaxing Capital's key focus areas this time include stablecoins, RWA, and the cryptocurrency ecosystem, while also advancing the application and upgrading of related business licenses. This move resonates with Hong Kong's recent crypto-friendly policies, demonstrating the company's keen grasp of industry development trends.

However, there are significant differences between the Web3 domain and the traditional internet. Whether the experience and resources accumulated by Huaxing Capital during the Web2 era can be equally effective in the new environment remains a question worth paying attention to. Regardless, this former "king of mergers and acquisitions" is paving a new path for itself in the crypto world.

Huaxing Capital Invests $100 Million Heavily in Web3: From Connecting Giants to Manipulating the New Game of Crypto

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QuorumVotervip
· 21h ago
Invest for the long term.
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HalfIsEmptyvip
· 21h ago
Looks good but pretending to be an outsider.
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MemeKingNFTvip
· 21h ago
The venture capital circle has new suckers again.
View OriginalReply0
RumbleValidatorvip
· 22h ago
The money has arrived on time.
View OriginalReply0
SerNgmivip
· 22h ago
Finally got it!
View OriginalReply0
BankruptWorkervip
· 22h ago
Still invested less.
View OriginalReply0
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