Hong Kong-listed company Qianxun Technology: Will acquire Web3 fintech company Punk Code for no more than HK$25 million

According to ChainCatcher, as announced by the Hong Kong Stock Exchange, Hong Kong-listed company Qianxun Technology has signed a non-legally binding memorandum of understanding for a potential acquisition, planning to acquire 100% equity of the Web3 fintech company Punk Code for no more than HKD 25 million. The founding team of Punk Code mainly comes from Tencent, and in 2020 participated in the establishment of Tencent Hong Kong Virtual Bank Fusion Bank, exploring scenarios such as blockchain finance and digital assets.

The founder, Mr. Cai Yige, graduated from the Department of Computer Science at Nanjing University and joined Tencent in September 2004. He has served as Director of QQ Membership Business, Reading, Animation Business, and General Manager of Tencent Blockchain Business.