Blockchain Startup Bochen Technology Raises ￥10 Million in Pre Series A
Yonyou announced on April 8 that it would boost capital of RMB 10 million to buy stake in Bochen. Its stake in target company will be raised to 21 percent from 5.2 percent.
Born in August 2016, Bochen Technology has now raised 20 million yuan in total with the support of LongLing Capital and other angel investors.
Zhang Jian, CEO of BOCHEN
Zhang Jian, founder of Bochen technology, is Huobi’s former VP of Technology and Director of Digital Currency and Blockchain Research Center. In 2014, Zhang’s team developed the biggest blockchain information enquiry website qukuai.com and the earliest bitcoin multi-signature wallet QuickWallet in China.
Blockchain can truly reshape our world and lead us to a new era of the Internet of Value. Put simply, it makes transferring value as simply as sending email. But the hard fact is that blockchain is not ready for public use in the near future.
At Bochen technology, they work to make blockchain infrastructure accessible to all and help launch blockchain implementations.
“Our vision is to be a catalyst for Chinese blockchain companies to grow into world leaders and standard setters, making them competitive in the blockchain race.”