recently, the listed company xinhu zhongbao(新湖中宝) disclosed that xinhu zhinao investment(新湖智脑), the wholly-owned subsidiary, intends to invest a total of approximately rmb 1.23 billion in order to increase its holding of hangzhou hyperchain(趣链科技), leading blockchain company through the transfer of capital contribution and capital increase.
the total valuation of financing of hyperchain will exceed 1.5 billion yuan (about 226 million u.s. dollars) in a mixed investment structure including state investment agencies, listed companies, and traditional funds. after this round of funding, hyperchain is expected to become the first genuine unicorn enterprise in the blockchain industry.
hyperchain is an international leading blockchain team. the core competitiveness of the company is the underlying technology of domestic self-controllable blockchain, the underlying technology platform of hyperchain. the platform is listed the first in the technical evaluation of many large and medium-sized financial institutions and also is the first batch of underlying platforms that passed the blockchain standard testing of the standards institute and ict of miit(工信部标准院与信通院).
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