On the evening of December 27, the world's first blockchain year-end speech "Ling Listening 2020" was held in Hangzhou. Tang Xialing, vice president / editor of Babbitt and founder of Lingting Blockchain, stated in his speech that 2017-2018 was the most active period for investment and financing of the blockchain industry. Capital fever is declining in 2019, not just the blockchain, but overall investment is tightening. During the 10 years from 2009 to 2019, the cumulative investment and financing capital of the global blockchain industry was US $ 10.369 billion. However, the amount of China's Internet investment and financing in Q2 2019 was US $ 8.13 billion. In other words, the cumulative total investment of the blockchain over the past 10 years is roughly equivalent to the investment amount of the Chinese Internet market in a quarter. She also pointed out that according to X-Order data, from 2017 to 2019, there are only three Chinese funds in the top ten funds, namely HashKey, distributed capital and NGC, and the rest are IDG and Digital Currency Group. International Funds. Moreover, among Chinese funds, the leading investment scores are relatively low, indicating that they still follow the state when investing in large projects.
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