According to Deep Tide TechFlow news on December 12, 36Kr reported that Hengfeng International announced the completion of a $100 million financing round, in which Chairman Qian Fenglei personally invested $50 million, and the remaining funds came from 50 investors. This round of financing will be used to build the Web3 ecosystem FO-X (fo.com), with the first product being the instant messaging software FoChat, positioned as a Web3 investment communication platform for ordinary users.
The FO-X project has assembled a team composed of top talents from the IT and financial fields, with members coming from well-known listed companies and Wall Street in the United States. FoChat will integrate encryption technology with AI agents to provide 24/7 news updates, asset management tools, and other functions, including wallet address monitoring, fund flow analysis, and smart contract security testing. The platform will help users understand blockchain technology through gamified tasks and promises to introduce a community autonomy (DAO) mechanism.
It is worth noting that FO-X will subsequently launch payment and wallet products, aiming to solve the inefficiency of fund turnover in the traditional SWIFT system and achieve 24/7 instant payment services. As a top 100 philanthropist on the Hurun and Forbes charity lists, Qian Fenglei has previously participated in investments in projects such as Ant Financial, Kuaishou, and Alibaba Health, with cumulative charitable donations amounting to hundreds of millions over the past decade, while also serving as an investor in Yunfeng Fund, Hongtai Fund, and a council member of the Nature Conservancy China.