China already has the largest number of Blockchain patents in the world, beating global economies such as the US and Japan. Moreover, the Chinese government has just funded another $1.6 bln Blockchain fund to finance more projects in the cryptocurrency space.
On April 9, Chinese publication Sohu reported that the government of Hangzhou has decided to invest more than $400 mln in a Hangzhou-based venture capital firm known as Tunlan Investment, to facilitate the growth of Blockchain startups and projects.