Binance China launched its official website, entered the "chain circle" in a low-key manner, and established a 100 million-yuan industrial fund

After learning blockchain technology in the Politburo, the domestic entities of the exchanges are scrambling to enter the "chain circle". Binance also let go of its "shelf" and began to solidly implement the blockchain in China.

On March 27, 2020, Binance's official Weibo stated that Lingang Xinyefang, Lingang Innovation Management College and Binance China's core team members will jointly establish the "Lingang Block" in Shanghai based on their respective industrial and technological advantages. Blockchain Technology Industry Research Institute" to promote China's blockchain core technology research, industry application development, and industrial ecology creation, and focus on China's blockchain talent training and knowledge promotion.

The first appearance and cooperation of Binance China can be described as very eye-catching. Because Lingang Group is the most powerful state-owned enterprise in Shanghai. In the latest central document, it is also specifically proposed to build the Lingang New Area of ​​China (Shanghai) Pilot Free Trade Zone and give it greater management authority for independent development, independent reform and independent innovation. Lingang Group once introduced the Tesla Gigafactory, which became the largest foreign manufacturing investment project in Shanghai's history.

Recently, the official website of Binance China was officially launched, making public many businesses of Binance China, including blockchain technology development, research and consulting, start-up project incubation, blockchain academy, blockchain talent services, Binance public chain, Blockchain charity, blockchain industry investment. The official website also highlights the cautious and low-key attitude of Binance China. It basically does not mention any content related to cryptocurrencies and exchanges, which is completely different from the high-profile marketing of the exchange business.

Among them, Binance China stated that in response to the financing difficulties of industry start-ups, it will set up a 100 million-level industrial fund to deploy high-tech industries such as blockchain technology, smart cities, finance, and the Internet of Things. Provide a strong guarantee for innovative projects to participate in international competition, and help China become a global blockchain industry highland.

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(The lady in the middle of the back row is Helen, head of Binance China)

After 1994, Binance left China, its business developed rapidly, and its traffic ranked first in the global exchanges. In the middle of last year, it launched the strategy of returning to China, held the "Three Body Binance" media meeting in Shanghai, and also invested in the Chinese blockchain media Mars Finance. Since the beginning of this year, Binance has carried out very high-profile public welfare activities during the epidemic. The day before the Spring Festival, Binance was the first in the blockchain industry to say that it would spend 10 million to support Hubei.

In addition, Binance canceled its domestic company after 94, and the emergence of Binance China also made its domestic company known to the outside world. Its website and WeChat public account registration company are both "Shanghai Benes Information Technology Co., Ltd.", and the legal person He Junxi also participates in Shanghai Bones Information Technology Co., Ltd. and Shenzhen Bernans Technology Development Co., Ltd. According to LinkedIn information, He Junxi was an intern at Binance.

However, the current investment of Binance China, OK, and Huobi in the domestic chain circle is not the same. Because Binance's main business and users are overseas, it is not known how much it will invest in China in the future. Binance's high-profile marketing style may also hinder the expansion of the "chain circle" of domestic pro-government central enterprises.

On the 18th, Ouke Group just announced that it will cooperate with the Hainan Provincial Blockchain Association to release the "one hundred million" plan, announcing that it will build "several" blockchain underlying technology platforms in Hainan in the next three years and organize "ten sessions" High-level blockchain international forum, assisting in the introduction of "hundreds" of blockchain companies to Hainan, promoting the implementation of "thousands" of blockchain innovation applications in Hainan, and connecting "ten thousand" blockchain talents to participate in Hainan's blockchain industry develop.

In terms of Huobi, Huobi University has created the No. 1 education brand in the blockchain industry, which is very good in terms of TOG, brand, ecology, and popular science. It even has a lot of revenue in terms of commercialization.

What impact will the addition of Binance China have on the development of China's blockchain industry? Everything is still unknown, we will wait and see.