Qianxun Technology will acquire Web3 fintech company Punk Code for no more than HK$25 million

PANews reported on September 17 that according to the announcement of the Hong Kong Stock Exchange, Hong Kong-listed company Qianxun Technology announced that it had signed a memorandum of understanding on potential acquisitions that is not legally binding, and will acquire 100% of the equity of Web3 financial technology company Punk Code for no more than HK$25 million. The latter's founding team mainly comes from Tencent. In 2020, it participated in the establishment of Tencent Hong Kong virtual bank Fusion Bank to explore blockchain finance, digital assets and other scenarios. Founder Mr. Cai Yige graduated from the Computer Department of Nanjing University and joined Tencent in September 2004. He has served as the director of QQ membership business, reading, animation business, and general manager of Tencent blockchain business.