Saturday, July 13, 2019

Venture Capital China Going Bust?

China’s Venture Capital Boom Shows Signs of Turning Into a Bust

From Bloomberg by Peter Elstrom July 9, 2019

China went through a five-year surge in venture capital investment that fostered a new generation of startups from ride-hailing giant Didi Chuxing to TikTok-parent Bytedance Ltd. Now the boom may be over.

Venture deals in China plummeted in the second quarter as investors pulled back amid unpredictable trade talks and growing concerns about startup valuations. The value of investments in the country tumbled 77% to $9.4 billion in the second quarter from a year earlier, while the number of deals roughly halved to 692, according to the market research firm Preqin.

The second quarter of 2018 marked the peak for China venture deals with a total of $41.3 billion invested. That included a $14 billion round for digital payments giant Ant Financial, $3 billion for e-commerce upstart Pinduoduo Inc. and $1.9 billion for truck-sharing service Manbang Group (known also as Full Truck Alliance Group). By comparison, the largest venture deal in the second quarter of 2019 was a $1 billion investment in JD Health, the health care affiliate of e-commerce provider Inc.

China has never been through a widespread bust like the U.S. did after the dotcom boom, in part because the country’s venture market is so new. Years of steady growth in tech investments resulted in predictable -- and enormous -- profits. Whether the current downturn becomes a painful crash depends in large part on how VCs, entrepreneurs and regulators navigate terrain they’ve never seen before.

“We’re seeing real stress in the system for the first time,” said Gary Rieschel, a founding partner at Qiming Venture Partners who has worked in China and the U.S. “We have never seen a downturn in the China market. For 20 years, it’s been pretty much up and to the right.”

Venture deals in the U.S. rose about 15% in the second quarter of 2019 to $27.7 billion, while Europe investments climbed 32% to $7.9 billion, according to Preqin.

“We haven’t seen the same slowdown in other markets,” said Chris Elvin, head of private equity at Preqin. “It’s always tricky with quarterly numbers though. A quarter doesn’t necessarily mean a trend.”

China’s venture boom began in 2014 when Alibaba Group Holding Ltd. went public in the largest-ever initial public offering, making clear to investors the potential riches in the world’s most populous country. Venture deals tripled that year to more than $17 billion and proceeded to rise every year through 2018 when the total topped $105 billion, almost as much as in the U.S.

Along the way, firms like Qiming, Sequoia China, Tiger Global Management and SoftBank Group Corp. fostered some of the most valuable startups in the world. Bytedance, the force behind short-video app TikTok and other addictive services, sports a valuation of $75 billion, the highest anywhere according to CB Insights. Didi, the ride-hailing service that ousted Uber Technologies Inc. from China, was last valued at $56 billion, the second highest.

But the rise of China’s tech industry put it squarely in the crossfire of the trade war. The Trump administration has accused China of stealing intellectual property and unfairly subsidizing companies in strategic fields, including semiconductors, artificial intelligence and autonomous driving. In May, the U.S. blacklisted Huawei Technologies Co., preventing the telecom giant from buying American components, and is considering doing the same to a swath of startups.

The trade war gives investors one more reason for caution. Valuations had already grown vertiginous. High-profile startups such as smartphone-maker Xiaomi Corp. and delivery giant Meituan Dianping saw their stocks tumble after they went public, reinforcing the impression that private-market valuations had gotten out of hand.

So-called sharing economy startups have also tested the patience of their investors. Companies like Didi, Meituan and bike-sharing provider Ofo blitzed the market with heavy subsidies to grab market share from rivals, making up for their losses with venture money. Now there’s skepticism that many such companies will ever turn a profit.

“You’re really reaching the end of the shared economy -- this idea of let’s give away services for free and make up for it in volume,” Rieschel said. “Some companies -- Didi is the classic case -- are just not showing any ability to become profitable.”

A Didi representative didn’t respond to a message and email seeking comment.

Valuations haven’t declined yet in China though. The country’s startups have resisted so-called down rounds, when they raise money at lower valuations than an earlier round. “China entrepreneurs, more than any on the planet, will do unnatural things to avoid a down round,” Rieschel said.

Meanwhile, venture firms are pivoting to alternative business models, like enterprise software. Such startups are not only less capital intensive, they are at a stage of development where they require less money.

This also may simply be a time when venture investors opt for caution. Given the volatile negotiations between Donald Trump and Xi Jinping, it’s not clear what kind of opportunities China’s tech startups will face in the years ahead or how capital markets will treat the next big IPO filing.

“It won’t cost you that much to sit on your hands for a few months,” Rieschel said.


Sunday, March 3, 2019

CannaPharmaRx Announces the Acquisition of a Minority Interest in GN Ventures

CannaPharmaRx Announces the Acquisition of a Minority Interest in GN Ventures, a Canadian Cannabis Producer, and the Appointment of Dominic Colvin as CEO and Chairman of the Board

Company Continues to acquire Cannabis Grow Capacity in Canada

IRVINE, Calif., Feb 28, 2019 (GLOBE NEWSWIRE via COMTEX) -- IRVINE, Calif., Feb. 28, 2019 (GLOBE NEWSWIRE) -- CannaPharmaRx, Inc. (otc pink sheets:"CPMD") announced today it has completed the acquisition of a minority interest in GN Ventures, LTD., ("GNC"), an Alberta corporation, engaged in the development of Canadian cannabis cultivation facilities. Under the terms of the stock purchase agreement the Company acquired approximately eighteen (18%) percent of the issued and outstanding securities of GNC for total consideration of 7,998,963 shares of CPMD common stock. Additionally, the Company acquired warrants exercisable to purchase an additional 2,500,000 shares of GN at an exercise price of CAD$1.00 per share. 

GNC owns a 60,000 square foot cannabis cultivation and grow facility located on 38 acres in Stevensville, Ontario, Canada. Once completed, GNC estimates annual total production capacity from the Stevensville facility of up to12,500 kilograms of cannabis. When completed, GN believes it will begin cultivation activities and generate its initial harvest by the middle of 2019. Additionally, the plan is to increase cannabis production by building additional cannabis cultivation facilities on the excess land presently owned adjacent to the existing Stevensville facility, provided that additional funding for expansion can be obtained on commercially reasonable terms.

CPMD also appointed Dominic Colvin as Chief Executive Officer, President and Chairman of the Board. Mr. Colvin had previously been CEO, President and a director of CPMD until he resigned to avoid any appearance of conflicts of interest. Mr. Colvin stated, "I am very excited for the growth opportunities at CannapharmaRx. The Company's objective is to become the premier holder of cannabis producing facilities in Canada. With the previously acquired Hanover property and minority ownership of GN Ventures, we are well on our way to achieving the production and ownership goals of the Company. We intend to acquire additional shares of GN along with other Canadian licensed producers and develop cannabis cultivation facilities which produce high quality cannabis at the lowest operational costs in the industry. Canada is still the place to be for cannabis production and we see a huge demand for years to come from the product we produce."

About CannaPharmaRx, Inc.
CannaPharmaRx is focused on the acquisition and development of state-of-the-art cannabis grow facilities located in Canada. CPMD has recently completed an initial acquisition of a 48,500 square foot cannabis grow facility presently under development and is currently in discussion with other companies regarding potential acquisitions or business combinations. CannaPharmaRx's business strategy is to become a leader in high quality and low-cost production of cannabis in Canada through the development, acquisition and enhancement of existing facilities. CannaPharmaRx is presently targeting acquisitions of companies in the final stages of obtaining cannabis licensee applications or those which are nearing revenue generation. CannaPharmaRx is committed to operating high quality facilities utilizing the latest technology in combined heat and power generation to ensure being a low-cost producer of cannabis. CannaPharmaRx is in the process of completing an application to list its common stock on the Canadian Stock Exchange with initial trading anticipated to being during the second quarter of 2019.

Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, CannaPharmaRx, Inc. may not be able to sustain growth or achieve profitability based upon many factors including, but not limited to, general stock market conditions. Reference is hereby made to cautionary statements set forth in the company's most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time.

Contact Information:
Telephone 949.652.6838

Wednesday, December 12, 2018

Venture Capital Summit Offers Innovative Ideas and Money

At Global Venture Capital Summit 2018, talks revolve around innovative ideas and the money needed to fund these ideas

Venture Capital Summit

From Dec. 8, 2018

Speaking at the Global Venture Capital Summit 2018 Union Minister of Commerce and Industries Suresh Prabhu said the country will need more ideas and more capital to multiply its wealth.

The Global Venture Capital Summit 2018 kicked off in Goa on December 7. An initiative of the Departmental of Industrial Policy & Promotion (DIPP) and the Government of Goa, in partnership with the International Finance Corporation and Indian Private Equity & Venture Capital Association, the event brought together international fund managers, startups, government officials and other key stakeholders from the startup ecosystem.
Present on the occasion were Union Minister of Commerce and Industries Suresh Prabhu and Goa Minister of Revenue, IT, Labour & Employment, Rohan Khaunte.

The Summit focused on the opportunities for investments in the Indian startup ecosystem, and showcased the diverse market opportunities and technology innovations available in the country, with discussions held around the current and future regulatory changes .

Ease of doing business increases

The context of the Summit was set by Ramesh Abhishek, Secretary, DIPP. "This event will help us discuss the opportunities available and the challenges of the Indian ecosystem," he said.

He spoke about the ease of doing business in the Indian ecosystem - including at the district level, faster environmental clearances (from 600 days to 140 days) and abolition of inter-state check posts after the introduction of Goods and Service Tax (GST), among others. "In terms of ease of doing business globally, India was ranked 133 in 2009, now we are at Rank 77," he said.

Since the introduction of Startup India in January 2016, 14,479 startups have been recognised with the Government of India. "A corpus of over Rs 100 billion is to be provided by March 2025," the DIPP Secretary said.

The Union Government has undertaken steps like the introduction of transformative measures - GST, IBC and Commercial Courts Acts, and introduction of third party and self-certification measures.

Under the Startup India programme, the Government also started a virtual incubation platform for startups to register themselves. "Before the launch of Startup India, only four Indian states adopted the startup policies. Since January 2016, 16 states have launched their own startup policies," he added.

Goa as a preferred startup destination

Addressing the audience, Goa minister Rohan Khaunte said that the state is set to become a desirable startup destination by welcoming more investments and creating more job opportunities.

Venture Capital Summit

He compared Goa's cultural richness with the culture of startups. "Startups have the culture to innovate, the culture of risk-taking and the culture of treating every failure as a stepping stone to success," he said. Having said that, he added, "Everyone has ideas but only few can execute these ideas."

Khaunte also spoke about how buoyant the mood in the Indian startup ecosystem was, with roughly $11 billion being invested in the country in the last year and Flipkart making a huge exit.

"The Indian startup ecosystem is set to break all records. We look at Goa being the startup capital and capital of startup investment," he concluded.

The relationship between ideas and money

Setting a context to the premise of the Summit - attracting investments -- Suresh Prabhu said, "When you talk about a startup, you are talking about a new idea, and money and ideas need each other."

Venture Capital Summit

He said that India will be adding another $10 trillion in the coming 15 to 16 years, and would need more ideas for wealth to multiply. In this context, the Union Minister announced that India was prepared for this level of growth and that one of the key steps in this direction was adding another 100 airports in the next decade.

Besides this, he also said that startups are the new job creators and they will greatly socially benefit the Indian society.

Prabhu announced that the Global Venture Capital Summit will be held in Goa each year on the first Friday of December.

Expert panels discuss the India story

The Summit saw a couple of expert panels speaking on topics ranging from 'Opportunity to build India as a $10 trillion economy by 2030', to discussions on 'Disrupting traditional models' and 'Innovation in India'.

Commenting on the latest technology one of the panellists, Dr Shefali Juneja, Joint Secretary of the Ministry of Civil Aviation, said, "Drones are here to stay and they will be feeding the Indian startups."

Other speakers included eminent names such as Priya Rajan of Silicon Valley Bank, investors Alok Goyal (Stellaris Venture Partners), Will Poole (Capria Investments), TCM Sundaram (IDG Ventures), Rahul Khanna (Trifecta Capital), Shweta Bhatia (Eight Road Ventures), Karthik Reddy (Blume Ventures) and Vikram Gupta (IvyCap Ventures) among many others.

Venture Capital Summit

Startup founders like Yashish Dhaniya (PolicyBazaar), Abhinav Jain (Shop 101), Mayank Kumar (UpGrad), Shradul Seth (Agrostar) and Venkatesh Bhat (Blackbuck) were also part of these panel discussions.

The Global Venture Capital Summit also saw the release of a report on Mobilizing Global Capital for Innovation. The report talks about the Indian Venture Capital landscape, the startup ecosystem in India and the regulatory framework in the country.

VCs at the summit said that they were interested in investing in the agritech, edutech, fintech and healthtech sectors in India.

YourStory is the digital media partner for the Global Venture Capital Summit 2018. We will be sharing live tweets and posts from the event as they unfold. Watch this space for more of the latest news and takeaways from the summit.


Tuesday, December 4, 2018

Federal Court Rules Case in Favor of Crypto ICO Against SEC

From Dec. 3, 2018

Last week, the U.S. federal court ruled a case between the U.S. Securities and Exchange Commission (SEC) and a crypto initial coin offering (ICO) project called Blockvest in favor of the ICO project.

Marco Santori, the president and chief legal officer at Blockchain, said:

“The SEC brought an enforcement action against a company called Blockvest, alleging that Blockvest’s ICO was a securities offering. SEC asked the court for a preliminary injunction (an order freezing Blockvest’s assets, among other things) so it called a hearing on the evidence.”

The SEC failed to justify that the ICO in question was actually a security and the court refused to acknowledge the token as a security solely based on the distribution method of the asset.

Precedent For the Market
The unexpected decision of the federal court is not necessarily a loss for the SEC nor a huge victory for the cryptocurrency sector. As SEC chairman Jay Clayton said, most ICOs that investors in the market talk about are mostly considered securities under existing U.S. regulations.

But, the outcome of the case established a precedent for the market and with some technicalities, some ICOs could potentially challenge the SEC in court and win a case if supported by sufficient evidence.

The SEC and investors in ICOs could also become more cautious in filing a lawsuit against an ICO project, as the court requires the plaintiff to explicitly describe the nature of the asset as a security, unaffected by the method in which the asset was introduced to the market.

“According to the court, in the ICO context there must be a ‘risk of financial loss’. This supports the proposition that something like an airdrop, by itself, cannot be a securities offering, even if the airdropped tokens are pre-functional. Admittedly rare today but possible,” Santori said.

The Blockchain executive, who operates the most widely utilized cryptocurrency wallet platform in the world, added that the federal court “went out of its way” to reject the argument from the SEC that the mere act of distributing an asset through an airdrop or a token sale is a security as it doubled down on its stance that a token offering in itself is not a security.

An important element of the case was the requirement of the court to the SEC to prove that an investor bought the token because the investor was offered the security directly by the issuer. For instance, if an investor in an ICO is to file a lawsuit against the project, the investor will need to prove, somehow, that the investor invested in the token sale directly by looking at the website, whitepaper, or some other information offered by the issuer.

More Complex to Sue an ICO
The recent federal court ruling created a more complex environment for both the SEC and investors in ICOs to challenge the issuer of a token and to claim that a token is a security based on U.S. regulations.

Santori added that the precedent established by the Blockvest case has raised the bar for any plaintiff seeking to sue ICO issuers:

“As my colleagues in twitter law have stated, SEC pretty much got what it wanted with regard to Blockvest. No bloody noses here. The precedent, though, is lasting, and definitely raises the bar for any plaintiff – public or private – seeking to sue ICO issuers. It’s going to be more complex, I think, than any of us realized. And a lot gets lost in the world of ICOs, like remembering.”


Thursday, November 29, 2018

Blockchain Technology to Reach $3 Trillion by 2030

Blockchain Technology

PwC Report: Blockchain Technology to Reach $3 Trillion by 2030

From by Shaurya Malwa August 28, 2018

PwC, a “Big Four” auditing firm, recently published research that found 84 percent of companies have either a “live” blockchain project or experiment underway.

China Primed to Lead Blockchain Innovation

The company surveyed over 600 executives from 15 countries–including the U.S., India, China, Africa and Sweden–with only 14 percent of respondents having “no involvement in blockchain technology.” (The sum does not equal 100 percent due to rounding.)

The study also found that 30 percent of respondents believe China is set to dominate blockchain development over the next five years, with only 18 percent backing the U.S.

Meanwhile, four out of five executives confirmed blockchain projects were underway at their organizations, with 15 percent of respondents having “live” networks up and running. Thirty-two percent of the firms are still developing their blockchain products, while 10 percent are running pilot models and 7 percent have “paused” research and development.

PwC cited a Gartner report forecasting a $3 trillion market value of blockchain business by 2030, with the survey recognizing ICOs and asset tokenization as a significant feature of the technology’s future.

Trust: A Compelling Concern

A vast majority of the respondents cited regulatory uncertainty and a lack of trust as the “biggest barriers” to mainstream technology adoption, with 45 percent terming it the most significant hurdle to adoption.

Steve Davies, a blockchain consultant at PwC, stated:
“Businesses tell us that they don’t want to be left behind by blockchain, even if at this early stage of its development, concerns on trust and regulation remain.”
Davies added that blockchain technology is “trustless” in nature, but companies “confront trust at nearly every turn.”

Davies noted blockchain technology presents a considerable ecosystem for companies and is unlike an “IT project,” meaning it involves put down rules, robust regulations, globally-accepted standards and perennial flexibility toward regulatory decisions.

Blockchain Frameworks Defined

Survey results are understandably dominated by finance and fintech service companies, with 46 percent respondents calling it the “leading” sector in the coming years. Other identified disruptors were healthcare, industrial manufacturing and energy.

The study also identified four “key areas” for startups and large organizations looking to integrate a blockchain-based framework into their business. These include making the business case, building an ecosystem, concentrating on user-centric design and navigating regulatory uncertainty.

According to Davies:
“A well-designed blockchain doesn’t just cut out intermediaries, it reduces costs and increases speed, reach, transparency and traceability for many business processes. The benefits can be compelling if organizations understand what their endgame is in using the technology, and match that to their design.”


Saturday, November 24, 2018

Venture capital investments in cryptocurrency startups up 316% in 2018

Venture capital investments in cryptocurrency startups up 316% in 2018

From by David Kariuki Nov 23, 2018

A recent report by Outlier Ventures reveals that venture capital investments in the cryptocurrency industry attained a year-over-year growth of 316% to $2.85 billion from $900 million through the three quarters of 2018.

This indicates that more startups in the blockchain and cryptocurrency are turning to more traditional forms of funding even as the number of initial coin offerings or ICOs continued to decrease and raise lesser total amount of capital especially in the third quarter of this year. Of course, the report agrees with previous reports that many startups are now using a mix model of raising capital including ICOs and venture funding.

Outlier Ventures, for instance, says that in the 119 venture capital deals completed in Q3 of this year, venture capital share was the highest in total compared to the total in other quarters this year. VCs within the United States continue to drive these venture capital investments in blockchain and cryptocurrencies. The report states that with capital investments shifting away from tech-savvy retail investors toward VCs, hedge funds and ultimately larger institutional investors, "a large growth" in (startups) new businesses and services that are enabling institutional investors to enter the industry. Those new businesses and services are coming in the form of institutional-grade trading platforms, custody providers, etc that want to solve the technical complexity and risks of dealing with blockchain and crypto such as risk of users losing private keys.

A previous report last month from market research group Diar also indicated venture capital raised by blockchain and cryptocurrency startups had increased three-fold to $3.8 billion in 2018 compared to last year's total. This amount was raised from 2,000 investors (most from U.S. based dealmakers) across 384 deals. The report by Outlier Ventures says some startups in cryptocurrency and blockchain that do not require networks (online communities) to survive, have been avoiding token generation events called ICOs because of increasing legal expenses, marketing costs and community building efforts required. Of course, a lot of decrease in popularity of ICOs has come as a result of bear cryptocurrency market as being witnessed currently. ICOs, according to the new report, raised $1 billion down from $3.8 billion in Q1 representing a 74% decline since the start of the year.

That does not mean the token is unpopular: the report says that startups still believe that the tokens are foundational to Web 3.0 infrastructure and represent the opportunity for new business models. The role of the token is also evolving beyond fund raising into a model for business innovation and could expand as a way to engage, retain and attract users. The latter is being witnessed with chat apps like Kik, Telegram and Line implementing tokens.

Additionally, according to the report, FinTech innovation around crypto and blockchain is still alive and hot. For instance, there was introduction of a blockchain phone in the third quarter from HTC. Evolution of blockchain-based mobile devices and smartphones is expected to help reduce the "leak of personal data from phones and combine secure enclave security with blockchain-based verification and authentication systems." It says that future iterations of retail mobile devices will integrate blockchains as a method to " authenticate third parties accessing private data of individuals." Currently, the new hotness is zero knowledge according to the new report, with enterprises becoming further interested in zero knowledge proofs (ZKP) that for instance enable private transactions, authentication of entries on the ledger, and the verification of claims "without necessarily requiring access to the data itself."

Banking and financial institutions continue to lead in blockchain innovations as their fin-tech programs capitalize on blockchain-based open source projects according to the report.

The author is of the opinion that reduction in volatility could have resulted from "accumulation of tokens by larger more established players and retail investors (who are) no longer panic selling." The author notes that the current bear market, which has seen the market collapse from a high of $829bn in early January to currently around $200bn, is "very unattractive" for active cryptocurrency traders.
According to the report, a lack of volatility for tokens has resulted to a drop in daily volumes from over $20 billion to slightly over $10 billion this quarter.

It says that a rise in alternative investment instruments in the market such as DARs from Citi Bank could further reduce the volume of Bitcoin futures contracts, which has already fallen this year and whose launch (CBOE's) "has not necessarily done much to positively impact the price of the token." Bitcoin futures are struggling partly because of the "heavy expenses involved in taking and maintaining positions."

The new report by Outlier Ventures does reiterate the role of and development of regulation around blockchain and crypto topics: more countries continue to make decisive regulatory determinations relating to the issue, and "forward-looking" countries have started to engage with "regional banking entities" to create a regulatory environment that captures the "vast economic gains." France, Thailand, Singapore, Switzerland and Thailand have pushed for the creation of ecosystems that enable token issuance this past quarter. Japan’s Financial Services Agency also enabled self-regulation of the industry through the ‘Virtual Currency Exchange Association. The UK, France and Switzerland are also exploring possibilities of enabling the token economy.


Friday, November 23, 2018

Venture Capital Marketplace to Asia with VNX Exchange

VNX Exchange is bringing its tokenized venture capital marketplace to Asia with new Senior Vice President Zing Yang.

From By Eseandre Mordi Nov. 22, 2018

The VNX™ exchange – with operational headquarters in Luxembourg, has begun implementation of its marketplace expansion plans. Such moves by the company are aimed at aptly covering newer territories outside the European axis so that more people can have access to some form of simplified token asset trading opportunities. Hence, the exchange’s action is substantially not unconnected with the perceived need for a viable framework that would facilitate the accomplishment of the company’s innovative business objectives for the cryptocurrency setting.

Consequently, VNX has finished its organizational internal formalities for the appointment of its new senior vice president- who would oversee company affairs in the Asian region. The senior executive ZingYang would be directly concerned with the company’s new business interactions in the Asian continent, and she is expected to execute tokenized digital currency venture asset projects that would paint the VNX’s company name and objectives in a positive limelight.

Functions and objectives of the VNX digital currency marketplace

According to operational objective and roadmap tendencies, the VNX exchange is designed to support an active community of digital asset buyers and sellers, on its tokenized asset venture capital supporting platform. The company’s objectives are directed at creating an impressive liquidity structure for the venture capital front, as well as providing an effective and proven means of fund sourcing for ingenious and prospective businesses- powered on a decentralized protocol, amongst others.

With the VNX exchange services, users can successfully explore the merits of prompt digital asset trading and investments, while leveraging on the value-added services as provided by the platform development and management team. Analysts say that the VNX operation methods are very much relevant in terms of simplifying the many risks and complexities of digital asset venture capital investments. By this, the platform creates an opportunity for both the experienced stakeholders and the newbie investors, to profitably engage in the platform’s hosted services.

Note that the platform assists users in a reasonable way, by enabling risk diversifications from the initial stages of user investment. This part of the framework is important because it shares off too much concentrated risks that could results in substantial losses for the investing user.

In order to ensure the effectiveness of its efforts, the VNX digital venture capital marketplace has also entered into top-notch partnerships with cryptocurrency key players- who would help in creating a synergy that brings good results for all the collaborating firms. One of such partnerships is the VNX and NEM blockchain partnership, which was also recently agreed upon. The collaboration has been able to incorporate an ability to produce different protocols and their corresponding security tokens, which would assist businesses and organizations that are hosted on the NEM network. This achievement fulfills one of the exchange’s foremost objective, which aims at facilitating the creation and provision of tokenized assets.

The VNX founder and boss, Alexander Tkachenko, has expressed the company’s readiness to follow through with seeing to it that digital venture capital investments are given a rightful place priority in the next few years.

Zing Yang’s responsibilities as the new Asian VNX service head

The new vice chief for the Asian market is charged with a number of responsibilities that are considered pivotal to the exchange’s success tendencies (or failures) in the new frontier. Zing Yang’s primary assignments are quite specific, and this would most likely take the bulk of her concentration for the earliest periods of her tenure.

Since the VNX company operations are still very much new in the region, she is expected to basically create some high-level user to company trust, which would allow for greater public participation in the solutions that the platform has to offer.

As part of the schedule for bringing this to light, she would be working to extend VNX company operations to countries such as Singapore, South Korea, and Hong Kong. These are places with significant cryptocurrency usage and investments; however the scope is not intended to limit on these countries alone, in the long run.

Asides this, Yang is charged with a responsibility of creating and enforcing a local footprint for the company, as well as building up a strong ecosystem- that stands the test of time, in the Asian axis. If the company’s intentions for its newfound operation location comes to fulfillment, then the company should have established a major stronghold in the coming days.

The new executive’s appointment comes as a well made choice, considering the fact that Yang has worked extensively in investment management fields, as well as other job descriptions involving public and private equity. She is an expert in digital currency and venture capital investments among others, with several years of active participation plus reasonable contributions made. She is currently a director at the Litecoin foundation, having served in other positions in various firms such as the capital group.

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