The launch of a 500 mln yuan (about $79 ml) Blockchain venture capital fund for Chinese city Shenzhen was announced at a Blockchain Expo held in the city, local news outlet Sohu reported yesterday, April 22.
Yesterday’s announcement at the China Electronic Commerce Association-hosted Expo stated that the Shenzhen Angel Investment Guidance Fund, an almost $8 bln fund launched in late March, will contribute 40 percent.