Xinhu Zhongbao has contributed to a series B round for Hyperchain Technologies, which is developing blockchain technology aimed at sectors such as healthcare and energy.
China-based blockchain technology company Hyperchain Technologies has raised RMB1.5bn ($234m) led by real estate developer Xinhu Zhongbao, China Money Network reported yesterday.
The round also included China SDIC Gaoxin Industrial Investment and a range of unnamed backers.
Founded in 2016, Hyperchain is developing an enterprise-level blockchain platform that includes features such as data trading, supply chain financing and securities assets management.
The company is targeting sectors including healthcare, energy, trade, logistics and government. It will use the series B funding…
