TechFlow News — On December 12, according to 36Kr, Hengfeng International announced it has secured $100 million in funding, with $50 million personally contributed by Chairman Qian Fenglei and the remainder raised from 50 investors. The funds will be used to build the Web3 ecosystem FO-X (fo.com), whose first product is FoChat, positioned as a Web3 investment communication platform for mainstream users.
The FO-X project has assembled a team composed of top talent from the IT and finance sectors, with members hailing from well-known listed companies and Wall Street firms in the United States. FoChat will integrate encryption technology and AI agents, offering round-the-clock news updates, asset management tools—including wallet address monitoring, fund flow analysis, and smart contract security checks. The platform will employ gamified tasks to help users understand blockchain technology and promises to introduce community self-governance (DAO) mechanisms.
Notably, FO-X plans to launch payment and wallet products aimed at addressing the inefficiencies of traditional SWIFT systems, enabling 24/7 instant payment services. A top-100 philanthropist on both the Hurun and Forbes charity lists, Qian Fenglei previously invested in Ant Financial, Kuaishou, and Alibaba Health. Over the past decade, he has donated hundreds of millions of yuan to charitable causes and currently serves as an investor at Yunding Capital and Hongtai Fund, as well as a council member of The Nature Conservancy China.
