Hong Kong’s richest man | Zheng Zhigang plans to raise 500 million magnesium to invest in the encryption field! “Others defend us and attack”: it will rise back in half a year | Dynamic Trends – The Most Influential Blockchain Media (Bitcoin, Cryptocurrency)

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Hong Kong’s richest man | Zheng Zhigang plans to raise 500 million magnesium to invest in the encryption field!  “Others defend us and attack”: it will rise back in half a year | Dynamic Trends – The Most Influential Blockchain Media (Bitcoin, Cryptocurrency)
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Hong Kong property tycoon Zheng Zhigang has been revealed to be investing in the crypto space again when the market is sluggish, investing $500 million over 18 months in cryptocurrency hedging, private equity and lending. (Recap:101 Azuki in hand! Hong Kong tycoon Zheng Zhigang blew himself up: I am LastKnightEth; floor prices soared by 20%) (background supplement:Hong Kong real estate tycoon | Zheng Zhigang will invest in The Sandbox to enter the development of the Metaverse and buy the largest virtual land)

superiorZheng Zhigang, a Hong Kong real estate tycoon who only revealed that Azuki’s well-known account LastKnight.eth, is optimistic that the crypto market will bottom out. His venture capital firm, C Ventures, plans to raise $500 million in the next 18 months to invest in blockchain Assets, Loans and Private Equity.

According to Bloomberg, Zheng Zhigang’s five-year-old C Ventures, co-founded by former Bank of America Merrill Lynch investment banker Ben Cheng, is currently preparing to raise $200 million in blockchain Fund, and plans to inject an additional $300 million next year to invest in private equity and private debt in the crypto space. Zheng Yanbin, currently the president and CEO of C Ventures, appears confident in the future of the crypto market, saying:

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When people are defending, we should be attacking. Investments will have the best returns (at this time), and in 6 to 9 months everything will (increase) come back.

Investing in cryptocurrencies is amazingly profitable

With the aforementioned $500 million raised, C Ventures A total of $1 billion will be invested in the crypto space, in addition to investing in companies or projects, it also operates a cryptocurrency hedge fund. According to Zheng Yanbin, the value of the cryptocurrency held by the company doubled in value in 2021 and rose by 40% in the first half of this year, which is surprising in a bear market.

Invested in Animoca Brands, RTFKT

Adopting multi-tentacle operations and paying great attention to the encryption field, he has invested in more than 60 companies such as Matrixport exchange, chain game company Animoca Brands, and NFT company RTFKT Studios acquired by Nike. In December last year, C Ventures also entered the metaverse land The Sandbox for Zheng Zhigang. , and built a business innovation center inside.

Zheng Zhigang is the eldest son of Zheng Jiachun, Chairman of New World Development Co., Ltd., and the eldest grandson of Zheng Yutong, the founder of Chow Tai Fook. He is also the third-generation successor of the Cheng family in Hong Kong. He is in charge of real estate, jewelry and other businesses. The strong interest in assets makes many people think that Zheng Zhigang will become a heavyweight in the Asian crypto market.

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