Gao Rong Capital invests US$30 million in HashKey Group
Internet reports that Gao Rong Capital has invested US$30 million in HashKey Group, Hong Kong's largest licensed cryptocurrency exchange operator. According to people familiar with the matter, Gao Rong is the leader of Meituan and PDD Holdings Inc. Early supporters of China Internet companies such as investing in HashKey Group at a pre-investment valuation of more than US$1 billion. The current valuation has not changed much from a year ago, when Hashkey raised $100 million and achieved unicorn status.
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