{"id":38617,"date":"2025-07-24T15:46:43","date_gmt":"2025-07-24T15:46:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38617"},"modified":"2025-07-24T15:46:43","modified_gmt":"2025-07-24T15:46:43","slug":"chinas-new-investment-playbook-vcs-chase-crypto-as-a-travel-upstart-eyes-new-york","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38617","title":{"rendered":"China&#8217;s New Investment Playbook: VCs Chase Crypto As A Travel Upstart Eyes New York"},"content":{"rendered":"<div>\n<p><figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/contributor-assets.benzinga.com\/wp-content\/uploads\/2025\/07\/24090141\/crypto.png\" alt=\"\" class=\"wp-image-16376\" srcset=\"https:\/\/contributor-assets.benzinga.com\/wp-content\/uploads\/2025\/07\/24090141\/crypto.png 900w,https:\/\/contributor-assets.benzinga.com\/wp-content\/uploads\/2025\/07\/24090141\/crypto-300x200.png 300w,https:\/\/contributor-assets.benzinga.com\/wp-content\/uploads\/2025\/07\/24090141\/crypto-768x512.png 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\"><\/figure>\n<\/p>\n<p>Two recent shifts by smaller venture capital firms and a major IPO plan from a Hong Kong travel upstart signal telling trends for the future.\u00a0<strong>China Renaissance<\/strong>\u00a0(1911.HK) is making a significant\u00a0<a href=\"https:\/\/thebambooworks.com\/china-renaissance-banks-on-cryptocurrencies-to-revive-its-fortunes\/\">foray into cryptocurrency<\/a>, while\u00a0<strong>Tian Tu Capital<\/strong>\u00a0(1973.HK) is pivoting from its consumer goods comfort zone into technology, funded by an unusual bond issue. Simultaneously, online travel agent\u00a0<strong>Klook<\/strong>\u00a0is preparing a major U.S. listing. These moves, while distinct, paint a broader picture of adaptation and strategic recalibration in a rapidly changing landscape.<\/p>\n<p>We believe the move by firms like China Renaissance into crypto is, in a word, inevitable. Crypto is no longer a back-alley affair; it has moved to center stage. While crypto trading is technically illegal on the Chinese Mainland, this has not deterred Chinese venture capital. We&#8217;ve seen this before, with firms like IDG investing in companies like Circle. The strategy is clear: use Hong Kong as the major platform to access crypto assets and launch related products. It&#8217;s a path already being tested by giants like JD.com, which is participating in a stablecoin sandbox scheme in the city. This isn&#8217;t an unorthodox maneuver but a prudent one, allowing onshore companies to tap into the trend legally through their offshore entities. We expect to see increasing crypto exposure for venture capital firms going forward, even if not every firm launches a dedicated fund.<\/p>\n<p><a href=\"https:\/\/thebambooworks.com\/tian-tu-banks-on-bonds-in-planned-pivot-from-its-retail-roots\/\">Tian Tu Capital&#8217;s pivot away from its traditional focus<\/a>\u00a0on the consumer sector is equally noteworthy. The consumer story in China has grown complicated. The boom of 2021, which saw a wave of new brands in cosmetics, food, and retail attract huge VC investment, came to an &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/asia\/25\/07\/46606927\/chinas-new-investment-playbook-vcs-chase-crypto-as-a-travel-upstart-eyes-new-york\" alt=\"China's\" new investment playbook: vcs chase crypto as a travel upstart eyes york>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Two recent shifts by smaller venture capital firms and a major IPO plan from a Hong Kong travel upstart signal telling trends for the future.\u00a0China Renaissance\u00a0(1911.HK) is making a significant\u00a0foray into cryptocurrency, while\u00a0Tian Tu Capital\u00a0(1973.HK) is pivoting from its consumer goods comfort zone into technology, funded by an unusual bond issue. Simultaneously, online travel agent\u00a0Klook\u00a0is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38617","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38617"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38617\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}