Hong Kong-listed firms sharpen digital asset investment strategy amid rising crypto prices
A growing number of Hong Kong-listed firms are snapping up cryptocurrency on the back of rising bitcoin prices and the popularity of digital asset treasury (DAT) companies in the US.
Investment bank China Renaissance, which helped fund many leading Chinese tech firms, and Yunfeng Financial Group, backed by Alibaba Group Holding founder Jack Ma, are among the Hong Kong-listed financial institutions that have recently bought a large amount of crypto tokens, according to their respective filings. Alibaba owns the South China Morning Post.
The two firms had described their investments as a way to venture into businesses related to Web3 – a term used loosely to refer to applications based on decentralised technologies such as blockchain.
Source link
Related Posts
recent post
-
Sep 06 2025 -
Sep 06 2025
-
-
Sep 06 2025
-
Sep 06 2025
