Cryptocurrency Exchange Huobi To Invest In Blockchain

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Cryptocurrency exchange Huobi, Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities Co., Ltd. have jointly launched a China-South Korea investment fund to invest in blockchain companies in the two countries. The fund is targeting 100 billion Korean won (US$93 million), according to an announcement. The fund will be investing in blockchain start-ups in China and South Korea, and aim to encourage cooperation between blockchain initiatives between the two countries.

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