China FUD Busting: Hangzhou to Pour $1.6 Billion into Blockchain-Oriented Startups

Georgi Georgiev · April 10, 2018 · 6:30 pm The positive sentiment towards blockchain-based technology in China continues to surge. Hangzhou, the home city of Alibaba Group Holdings, now hosts a $1.6 billion (RMB10 billion) fund set up to invest in firms using blockchain technology, with 30% of the money coming from the government. Despite […]

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