Baidu Launches First Native Blockchain-Based Knowledge Quiz App Duyuzhou

China’s largest search engine Baidu Inc. has launched its first native blockchain-based knowledge quiz application called Duyuzhou, which means Du Universe, yesterday. Duyuzhou will create a digital universe consisted of elements, gravitation, and planets, where users can obtain these elements by participating in the knowledge quiz. Users will be incentivized to create and expand their own planets, said Baidu. In the process of creating quality content and expanding its user base, Baidu plans to add many new features to the …

500 Startups’ Bonnie Cheung: More Blockchain Projects Should Focus On Solving Inter-Chain Operability And Privacy Issues

Bonnie Cheung, a venture partner at 500 Startups, has read hundreds of blockchain whitepapers to screen for a select few that the early-stage investment firm and seed accelerator chooses to back. As things tend to progress with hyper speed in blockchain compared to other industries, 500 Startups has invested in enough projects to solve "the scalability" issue in a matter of four to five months. For now, she wants to see more projects focused on solving the two other key …

Chinese Blockchain News Portal Mars Finance Secures Series A+ Round

At a blockchain industry conference held in Singapore today, Wang Feng, founder of Mars Finance, announced that his Chinese blockchain media start-up has raised a series A+ round financing. The round of financing was led by Ceyuan Ventures and Huobi Global Ecosystem Fund with a post-money valuation of RMB330 million (US$51.5 million).

Huobi To Fund Public Blockchain Project With 20 Million Huobi Tokens

In order to create its new public blockchain, the Huboi Chain Project (HCP), Huobi will fund a Huobi Chain Superhero Championship Program (HCSCP) with an initial investment of 20 million Huobi Tokens (HT), worth about US$100 million dollars. Huobi will also contribute a portion of its yearly revenue to the program, according to comments by a Huobi official to media outlet Cointelegraph.

Looking For Funding? Here Is The Most Complete List Of Asian VC Funds Investing In Blockchain

Asia has become the absolute dominant force in the blockchain universe, with countries in the region accounting for the biggest portion of Bitcoin mining machine manufacturing, mining pools, crypto trading and new token issuance. For any blockchain projects or investors, Asia is the place that can’t be ignored when planning an initial coin offering or seeking VC investors. One recent initial coin offering, launched by a team based outside of China, pulled in tens of millions of U.S. dollars and, …

Kuaidi Founder Weixing Chen To Launch Blockchain-Based Ride Hailing App In China

Weixing Chen, founder of Kuaidi Dache that merged with Didi to become the leading Chinese ride hailing company Didi Chuxing, is planning to launch a blockchain-based ride hailing app to rival current operators in safety and efficiency. Chen is teaming up with Yang Jun, a co-founder of Chinese on-demand local services firm Meituan, to launch the product. The ultimate aim is to create a platform that offers life-style services encompassing ride hailing, deliveries and others.

Chinese Blockchain Conference Backfires Over Chairman Mao Stunt

A blockchain conference held in Boao in Hainan island, where the influential Boao Forum for Asia is held annually, is facing a tsunami of criticism and public outcry after an actor playing chairman Mao appeared to congratulate and wish the event success. The organizing also faces a potential breach of relevant law.