Hengfeng International has completed raising US$100 million in financing. Qian Fenglei, chairman of Hengfeng International, announced that this part of the financing will be used to build the Web3 ecosystem FO-X (fo.com) and launch its first product, the instant messaging software FoChat, which is positioned as a Web3 investment and communication platform for ordinary people.
Article author: FO-X
FO=Friendship With 100 million US dollars, he has the most powerful brotherhood in China
Qian Fenglei, a well-known philanthropist, chairman of Hengfeng International, nicknamed "Qian Duoduo", raised funds for the first time this year. He led FO-X (fo.com) to fully enter Web3 and launched its first product, instant messaging software FoChat, which is positioned as a Web3 investment and communication platform for ordinary people.
Hengfeng International has announced that it has completed financing of US$100 million. Qian Fenglei himself invested US$50 million, and the remaining funds came from his 50 old friends.
In the past decade, he has consistently ranked among the top 100 philanthropists on both the Hurun and Forbes charity lists, with cumulative donations totaling hundreds of millions.
Qian Fenglei is an investor in Yunfeng Fund and Hongtai Fund. His major investment projects include Ant Financial, Kuaishou, and Ali Health. He is also a director of the China Council of The Nature Conservancy (TNC CHINA) and a Chinese Philanthropist in 2017.
He is kind and generous. He believes in brotherhood, friendship, and world peace.
He personally went to Daliangshan in Sichuan and donated 5 million to the China Welfare Foundation to launch the "Fenglei Early Education Program" to buy food, clothes, toothbrushes and cups for the children, build schools, and train preschool teachers.
He has donated more than 50 million yuan to the Taohuayuan Ecological Protection Foundation, co-chaired by Jack Ma and Pony Ma, and has personally become a director of the Taohuayuan Foundation, hoping to leave clear waters and green mountains for future children.
He attended the TNC (The Nature Conservancy) global conference and became a director of the China region, learning about foreign environmental protection experiences. In the same year, he met Buffett and Oracle CEO Larry Ellison.
The Aiyou Charity Foundation was initiated by the famous investor Wang Bing, with Ma Huateng as the vice chairman. He has donated a total of 30 million.
He donated more than 50 million yuan three times to the Yanran Foundation initiated by Li Yapeng and Faye Wong to help children with cleft lip and palate from poor families.
In 2013, he donated 10 million yuan to help his hometown Ningbo after the flood. In 2014, he donated 10 million yuan in cash and supplies to help the Yunnan earthquake. In 2017, he donated 20 million yuan to the Zhejiang Charity Federation.
100 million US dollars, this is Hengfeng International’s first and only financing.
Hengfeng International will build a new Web3 ecological platform FO-X (fo.com), with the goal of leading 1 billion users into the new era of Web3.
FO=Optimism+Faith Optimism and faith, rebuilding the global village
In 1985, when Internet technology was about to sweep the world, people were excitedly looking forward to the formation of the "global village".
40 years later, people discovered that Internet technology did not open up everything, but instead erected a high information wall.
Social software blocks social interaction, and the Internet blocks interconnection.
"The earth is too unfriendly now. Either you invade me or I invade you. Either I blockade you or you blockade me," said Qian Fenglei.
Elon Musk is a pessimist. He is disappointed with the Earth and wants to bring humans to Mars.
FO-X (fo.com) has a different attitude.
FO-X (fo.com) has gathered a group of top talents in IT technology and finance, who come from well-known listed companies and Wall Street in the United States.
At the same time, they are all Chinese, they are more optimistic and have more faith.
"The Chinese believe in the unity of man and nature. The Chinese were the first to come up with the concept of a global village."
FO-X (fo.com) was born.
The vision of FO-X (fo.com) is to build a community of shared interests for mankind.
There are too many and too old myths of getting rich quickly by speculating in cryptocurrencies in the past decade. FO-X (fo.com) exists for every ordinary person.
This is not just empty talk, but a reality that needs to be addressed urgently.
How can we allow everyone to 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) thought of the tool Web3.
Compared with the previous Web2 era (Internet technology), Web3 (blockchain technology) provides a decentralized database and naturally possesses the two major characteristics of transparency and immutability.
——All data will exist on the 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.
Year 1 means that humans have entered the world of Web3 on a large scale. Web3 has officially bid farewell to the grassroots era and entered the institutional era.
This year, the U.S. Securities and Exchange Commission (SEC) approved the issuance of a Bitcoin exchange-traded fund (ETF).
The future new US President Trump has announced that cryptocurrency will become a core strategy for the United States.
The Hong Kong government issued a policy statement on the development of virtual assets in Hong Kong, showing a positive attitude towards embracing Web3.
Web3 is no longer a story of getting rich quickly for a few people. Web3 has become a part of the daily lives of 100 million people and is about to become a billion people’s daily lives.
FO=Future+Freedom leads ordinary people into the new world of Web3
As an excellent team with both funds and talents, FO-X (fo.com) will build a Web3 ecosystem, integrate the traditional Internet with Web3, and lead 1 billion users to enjoy the technological dividends brought by Web3.
FO-X(fo.com) first chooses to transform Firechat.
HuoXin has been inactive for a long time, and the app is filled with spam, ads, and scams.
FO-X (fo.com) makes the originally laggy user experience smooth, the interface simple, and supports multi-modal situational interactions such as voice and text, greatly increasing user communication efficiency.
In the future, FoChat will combine Web3 technology and AI agent to create an intelligent instant messaging (IM) platform.
FoChat is positioned as a Web3 investment and exchange platform for ordinary people and is everyone’s first stop for Web3.
FoChat provides 24*7 Web3 information and a series of asset management tools (including wallet address monitoring, intelligent analysis of fund flows, and smart contract security testing) to help everyone manage their own Web3 assets.
FoChat will upgrade the experience through gamified tasks and teach users how to navigate Web3 step by step.
FoChat supports multiple blockchain networks, saving users the trouble of understanding the complicated concept of "cross-chain". As long as they have one asset, they can traverse all blockchain networks.
FoChat will have a built-in AI agent to automatically invest and manage crypto assets for each user.
FoChat is committed to embracing the community autonomy (DAO) solution.
Every day, Qian Fenglei personally communicates with users on FoChat, talking about life and the secret to wealth.
Qian Fenglei, who likes making friends, also likes making friends with users.
For example, one user actively participated in community activities and taught his friends how to use FoChat.
Qian Fenglei rewarded her with 1 Bitcoin (currently worth about 100,000 US dollars).
Another user found FoChat’s group chat particularly interesting and sent a red envelope of 0.0000001BTC to the users in the group.
Qian Fenglei rewarded him with 1 Ethereum (currently worth about 4,000 US dollars).
FO-X(fo.com)'s ambition and territory do not stop there. FO-X(fo.com) is about to launch payment and wallet.
Users can easily complete on-chain transactions in the chat window and view, manage and transfer their assets.
They don't need to understand complicated technology or mnemonics.
They don't want to speculate for profit, they are just ordinary people around us.
In the traditional financial SWIFT system, funds can be accumulated in the bank system for up to 7 days. Once the bank closes, the capital turnover stops immediately.
Whether it is Chinese merchants doing trade or students paying rent overseas, they all bear the pain of personal capital backlog.
With Web3 technology, the utilization of funds will reach the atomic level, 24*7 without stopping, and "advance payment" will completely become an old narrative.
FO-X (fo.com) wants to be the WeChat and Alipay of the Web3 era.
For every ordinary person.
To make a little change to this world.