Beijing Report — On December 15, OKEX Group announced receiving a multi-million dollar investment from prominent backers including Giant Interactive Group (founded by Shi Yuzhu), Qianhe Capital (established by Wang Yawei), Longling Capital (founded by Meitu Chairman Cai Wensheng), and early investor Ceyuan Ventures. The company also revealed progress in obtaining digital asset trading licenses globally.
Key Investment Highlights
- New Shareholders: Giant Interactive Group, Shanghai Weiyi Investment, and Tianjin Feizhu Asset Management joined as corporate investors.
- Equity Restructuring: Previous individual shareholders Xu Mingxing (56%), Mai Gang (32%), and Sun Jijun (12%) were diluted, though exact new allocations remain undisclosed.
- Notable Exits: Early backers like Ceyuan Ventures, Manti Capital, and angel investors including Lei Jun no longer appear in the shareholder registry.
Investor Perspectives
- Shi Yuzhu (Giant Interactive): Publicly advocates for balanced regulation of Bitcoin, distinguishing between illegal activities and blockchain’s potential.
- Lei Jun’s Stance: Denied Bitcoin investments in a November 27 statement, clarifying no ties to mining operations.
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Regulatory and Market Context
OKEX emphasized compliance efforts, with ongoing applications for digital asset licenses worldwide. The move aligns with broader industry shifts post-China’s September 2021 crypto restrictions, which Shi Yuzhu criticized as overly prohibitive.
FAQs
Q: Who are OKEX’s new investors?
A: The consortium includes Shi Yuzhu’s Giant Interactive, Qianhe Capital, Longling Capital, and Ceyuan Ventures.
Q: Did Lei Jun fully exit his OKEX stake?
A: Yes. Lei publicly confirmed no involvement in Bitcoin-related ventures as of late 2021.
Q: What’s Shi Yuzhu’s view on cryptocurrency regulation?
A: He opposes outright bans, advocating targeted enforcement against illegal trades while recognizing blockchain’s transformative potential.
Note: Details cross-checked with corporate filings and public statements. OKEX declined further comment, citing the official announcement as definitive.
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