Huobi Labs Initiate US$1 Billion Global Blockchain Industry Fund

Huobi Labs Announcement of US$1 Billion Global Blockchain Industry Fund

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I. Huobi Labs?

Huobi Labs is a Blockchain Incubator which provides funding and actionable advice. Furthermore, Huobi Labs also supply the access into SMART-chain evaluation model.

This complicated model provides evaluation for the whole blockchain ecosystem. Then, strategic information is based on research, updated trend and 50+ unique index to properly assess investing opportunity as well as potential risks. This is the only source for thorough and specified information of more than 190 crytocurrencies.

Official website link: https://www.huobi.pro/labs/

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II. Tianya Community?

Tianya Community Network Technology Co.,Ltd. Operates social website and forum services. Its services are quite diverse, that includes user blogs, classifieds, photo hosting, news, sports news, and university information, as well as a club that enables politicians to campaign, answer questions from constituents, and gather grassroots support.

The company was established in 1999 with its headquarter located in China.

Official website link: http://www.tianya.cn/

III. Global Blockchain Industry Fund

Lately, on 30th April 2018, Huobi Labs and Tianya Community signed a strategic contract of cooperation.
They both will build a “Global Cultural và Creative Blockchain Lab” in Hai nan, China. “Under the background of the new era of Chinese socialism characteristics, we have given Hainan Special Economic Zone a new mission of economical reformation.”

The local government of Hainan Province has been deeply committed to reforming and opening up. The experimental field and the sandbox functional area need to be integrated from the nation’s resource and strength; and also gather talents from the country.

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As a patriotic Chinese company, Huobi China will actively follow-up with the national-level strategy. In the future, Huobi will utilize Huobi Group’s technology, resources, talents, and capital advantages in the global blockchain industry to contribute to the development of Hainan Special Economic Zone and explore the construction of an international free trade port.

Huobi’s action was taken after 2 weeks when Chiness Government claimed that this country will establish a global free-trade area in 2020 on Hainan island to support foreign companies with more free economic activities. Therefore, Huobi had tendency to take its advantages to contribute to the development of Hainan following the government policy.

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The cooperation between Huobi Labs and the Tianya community is just the beginning. In 2018, the Huobi Group will:
1.    Huobi China headquarters (excluded Huobi Global and Huobi.Pro) will be moved to Hainan, to be settled in Hainan Ecological Software Park.
2.    Collaborate with top global industry companies to build 10 GlobalBlockchain labs.
3.    Build a global top blockchain research institute with the world’s top universities.
4.    Build 40,000 square meters blockchain incubator.
5.    Initiate a billion-dollar global blockchain industry fund.