Qianxun Technology will acquire the Web3 fintech company Punk Code for no more than HKD 25 million

ChainCatcher news, according to the Hong Kong Stock Exchange announcement, the Hong Kong-listed company Qianxun Technology has announced the signing of a non-binding memorandum of understanding for a potential acquisition, to acquire 100% equity of the Web3 fintech company Punk Code for no more than HKD 25 million. The founding team of the latter mainly comes from Tencent, and they participated in the establishment of Tencent's Hong Kong virtual bank Fusion Bank in 2020, exploring scenarios such as blockchain finance and digital assets.

Founder Mr. Cai Yige graduated from the Computer Science Department of Nanjing University and joined Tencent in September 2004. He has served as the director of QQ membership business, reading, and animation business, as well as the general manager of Tencent's blockchain business.