FO=Friendship, 100 million USD, he has the most powerful brotherhood in all of China.
The famous philanthropist, chairman of Hengfeng International, nicknamed 'Qian Duoduo', Qian Fenglei, raised funds for the first time this year. He led FO-X (fo.com) to fully enter Web3, launching its first product, the instant messaging software FoChat, positioned as a Web3 investment and communication platform for ordinary people.
Hengfeng International has announced the completion of a 100 million USD funding round, with Qian Fenglei himself contributing 50 million USD and the remaining funds coming from his 50 old friends.
In the past decade, he has consistently ranked among the Top 100 philanthropists on the Hurun and Forbes charity lists, with total donations amounting to hundreds of millions.
Qian Fenglei is an investor in Yunfeng Fund and Hongtai Fund, with major investments in Ant Financial, Kuaishou, and Alibaba Health. He is also a board member of The Nature Conservancy China Council (TNC CHINA) and was named a Chinese philanthropic figure in 2017.
He is charitable. He believes in brotherhood, friendship, and a world of unity.
He personally went to Daliangshan in Sichuan, donating 5 million to the China Welfare Foundation to initiate the 'Fenglei Early Education Program', providing food, clothing, toothbrushes, cups, building schools, and training preschool teachers for children.
Jack Ma and Pony Ma serve as co-chairs of the Taohuayuan Ecological Protection Foundation, to which he has donated over 50 million in total, actively participating and becoming a director of the foundation, hoping to leave a green and beautiful environment for future children.
He attended the TNC (The Nature Conservancy) global conference, becoming a board member for China and learning about environmental protection experiences abroad. In the same year, he met Warren Buffett and Oracle CEO Larry Ellison.
The famous investor Wang Bing initiated the Aiyou Charity Foundation, with Pony Ma serving as the vice chairman, and he has donated a total of 30 million.
The Yanran Foundation initiated by Li Yapeng and Faye Wong has received donations exceeding 50 million three times to help underprivileged children with cleft lips and palates.
In 2013, during the flood in his hometown Ningbo, he donated 10 million. In 2014, during the Yunnan earthquake, he donated 10 million in cash and supplies. In 2017, he donated 20 million to the Zhejiang Charity Federation.
100 million USD, this is Hengfeng International's first and only funding round.
Hengfeng International will create a brand new Web3 ecological platform FO-X(fo.com), aiming to lead 1 billion users into the new era of Web3.
FO=Optimism+Faith, rebuilding the global village.
In 1985, as internet technology was about to sweep the globe, people eagerly anticipated the formation of a 'global village.'
Forty years later, people found that internet technology did not connect everything; instead, it erected high walls of information.
Social software obstructs social interaction, and the internet obstructs connectivity.
‘The current Earth is too unkind. It's either you invade me or I invade you, either I block you or you block me,’ said Qian Fenglei.
Elon Musk is a pessimist; he is disappointed with Earth and wants to take humanity to Mars.
And FO-X(fo.com) represents another attitude.
FO-X(fo.com) has gathered a group of top talents in IT and finance, coming from well-known listed companies and Wall Street in the USA.
At the same time, they are all Chinese; they are more optimistic and have more faith.
‘Chinese people emphasize the unity of heaven and humanity. Chinese people were the first to discuss the concept of a global village.’
Thus FO-X(fo.com) was born.
The vision of FO-X(fo.com) is to create a community of shared human interests.
The myth of getting rich through speculative cryptocurrency trading in the past decade is too many and too old; the existence of FO-X(fo.com) is for every ordinary person.
This is not a utopian fantasy, but a reality that needs to be addressed.
How can everyone have their own privacy, data, and assets? How can we break down information barriers and rebuild the global village? How can we allow everyone to socialize more freely?
FO-X(fo.com) has thought of Web3 as a tool.
Compared to the previous Web2 era (internet technology), Web3 (blockchain technology) offers a decentralized database with inherent characteristics of transparency and immutability.
——All data will exist on-chain and be owned by users. Therefore, the core value of Web3 lies in openness, privacy, and co-construction.
2024 is the first year of Web3.
The first year means that humanity is entering the world of Web3 on a large scale. Web3 officially bids farewell to the grassroots era and enters the institutional era.
This year, the U.S. Securities and Exchange Commission (SEC) approved the issuance of Bitcoin exchange-traded funds (ETFs).
The future new president of the United States, Trump, announced that cryptocurrencies would become a core strategy for the United States.
The Hong Kong government has issued a policy declaration on the development of virtual assets in Hong Kong, demonstrating a positive embrace of Web3.
Web3 is no longer a story of wealth for a small number of people; it has become the daily life of 100 million people and will soon become the daily life of 1 billion people.
FO=Future+Freedom, leading ordinary people into a new Web3 world.
As an excellent team of funds and talent, FO-X(fo.com) will build a Web3 ecosystem, integrating traditional internet with Web3, leading 1 billion users to enjoy the technological dividends brought by Web3.
FO-X(fo.com) first chose to transform FireChat.
FireChat has not been active for a long time, the app is filled with spam, advertisements, and scams are rampant.
FO-X(fo.com) transforms the originally lagging user experience into a smooth one, with a simplified interface, supporting multimodal contextual interactions such as voice and text, greatly increasing communication efficiency for users.
In the future, FoChat will combine Web3 technology with AI agents to create an intelligent instant messaging (IM) platform.
FoChat is positioned as a Web3 investment communication platform for ordinary people and is everyone's first stop in Web3.
FoChat provides 24/7 Web3 news and a series of asset management tools (including wallet address monitoring, intelligent analysis of capital flow, and smart contract security detection) to help everyone manage their Web3 assets.
FoChat will enhance the experience through gamified tasks, teaching users how to navigate Web3 step by step.
FoChat supports multiple blockchain networks, allowing users to avoid understanding the complex concept of 'cross-chain.' As long as they have one type of asset, they can traverse all blockchain networks.
FoChat will integrate an AI agent, automatically investing and managing crypto assets for every user.
FoChat promises to embrace a decentralized autonomous organization (DAO) model.
Every day, Qian Fenglei personally communicates with users on FoChat, discussing life and the secrets to wealth.
Qian Fenglei, who enjoys making friends, also likes to befriend users.
For example, there is a user who actively participates in community activities, teaching friends around him to use FoChat.
Qian Fenglei rewarded her with 1 bitcoin (currently worth around 100,000 USD).
Another user found the group chat in FoChat particularly interesting and sent a red envelope of 0.0000001 BTC to the users in the group.
Qian Fenglei rewarded him with 1 Ethereum (currently worth around 4000 USD).
The ambition and territory of FO-X(fo.com) do not stop here; FO-X(fo.com) is about to launch payment and wallet services.
Users can conveniently complete on-chain transactions in the chat window and view, manage, and transfer their assets.
They do not need to understand complex technologies or complicated mnemonic phrases.
They do not seek to speculate for profit; they are just ordinary people around us.
In the traditional financial SWIFT system, funds can be stuck in the bank system for up to 7 days. Once the bank closes, fund circulation immediately stops.
Whether it is Chinese merchants engaged in trade or students paying rent overseas, they all endure the pain of personal fund bottlenecks.
With Web3 technology, the utilization of funds will reach atomic levels, operating 24/7 without interruption, and 'advance payment' will completely become an old narrative.
FO-X(fo.com) aims to be the WeChat and Alipay of the Web3 era.
For every ordinary person.
To bring even a slight change to this world.
