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OK Group will invest 140 million USD to set up the headquarters of "Asia Pacific Innovation Center" in Hainan, China


December 2, 2019 ( Newswire) On December 1st, OK Group joins the Hainan Free Trade Zone Digital Economy and Blockchain Forum for International Cooperation as co-organizer. As reported, this forum is hosted by the governmental subdivisions in Hainan Province, China to facilitate the innovation of blockchain technology and industry, along with the creation, liquidation and trading of the digital assets.

In this event, OK Group announces to set up the "Asia Pacific Innovation Center" together with the local government, and the first phase of this plan will include blockchain data research institution, blockchain innovation center and International blockchain innovation and entrepreneurship base. Star Xu, founder of OK Group, made a speech at the event, stating that: "Hainan has established the solid foundation for innovation industries, and with the acceleration development of blockchain technology, OK Group is really glad to achieve this cooperation. The newly built Innovation Center will further exert the advantage of OK Group and build the substantial blockchain ecosystem."

In addition, Star explained more details regarding the Asia Pacific Innovation Center. As mentioned, the blockchain data research institution will put more emphasis on the development of key technologies and applications to empower the blockchain technology with the real adoptions. Moreover, the establishment of Innovation Center will enhance the research & development of the blockchain underlying technology, facilitating the blockchain application scenarios including education, employment, healthcare, food safety, charity, etc. Besides, Star introduced the offshore digital asset exchange labs, which will implement the research & development of digital asset exchange technologies to build the gateway for offshore digital assets around the globe.

Last but not the least, Star presented the ecosystem and future of this blockchain innovation center, "OK Group will make full use of the Asia Pacific Innovation Center to support the innovation and entrepreneurship in the blockchain industry via selecting the potential projects, cultivating industry talents, and incubating the blockchain star-ups." Afterwards, Star signed the agreement with the local government on behalf of OK Group.

It is worth noting that OK Group announces to invest over 140 million USD in Hainan to facilitate the blockchain adoptions with different industries. OK Group is dedicated to become the pioneer in the development of digital economy.

Star Xu, Founder, OK Group

Star Xu is a renowned pioneer in blockchain technology in China. He is Founder of OK Group and OK Blockchain Institute of Engineering, Non-executive Director of LEAP Holdings Group Limited (01499.HK), Founding Chairman of China Blockchain Business Research Institute, and committee member of the National Committee of Experts on the Internet Financial Security Technology. Xu is a seasoned entrepreneur with exceptional technology background and years of experience in internet technology development and corporate management. He previously served as Chief Technology Officer for and development engineer for Yahoo and Alibaba.

Constantly building and perfecting the blockchain ecosystem, Xu takes accelerating the growth of the blockchain industry as his own responsibility. He founded OK Capital with a USD100-million fund in the name of his enterprise to providing financing services to high-quality innovative blockchain projects worldwide. Apart from the partnership with Ceyuan Ventures to initiate a CNY10-billion Consensus Parent Fund to invest in the development of blockchain underlying technology, he also joined force with other industry leaders to launch the Beijing Blockchain Ecosystem Investment Fund with an initial fund of RMB 1 billion. To further promote innovations and startups in the blockchain industry, he collaborated with the Yangtze Delta Region Institute of Tsinghua University to invest tens of millions of US dollars to establish B-Labs, a blockchain incubator, in Hangzhou, China.

Xu is committed to pursue an internationalization strategy. By pushing forward a global layout for different businesses, he aims to give China a stronger voice in the global blockchain space and to take China and its technological development ahead of the curve. He has been introducing Chinese-developed blockchain solutions to the world, bringing global users the secure and premium services the country has to offer. Xu is also active in international mergers and acquisitions as well as partnerships with licensed and robust corporates to promote compliant blockchain financial businesses on a global scale.

OK Group, founded and led by Xu, is a world-leading blockchain enterprise focusing on the development of blockchain technology and its commercial applications. Being an international blockchain technology and service provider, the Group is also a pioneer in the blockchain industry in China with the longest history. Currently, the brands and companies operating under OK Group include OKCoin, OK Blockchain Institute of Engineering, OK Blockchain Capital, OK Blockchain Business School, and B-Labs Blockchain Incubator. The headquarters of OK Group is located in Beijing, China, with branches and offices scattered across more than 10 countries and regions, including Hong Kong, the U.S., Europe, Korea, and Japan, covering most of the world's major economies with users around the world. OK Group is also a controlling stockholder of LEAP Holdings Group Limited (01499.HK), which is listed on HKEx's Main Board.

More Info: Newswire

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