Hong Kong is rising as a prime venue for Web3 investors looking to raise funds, given that many Web2 backers from mainland China are scouting for opportunities in the segment, according to Newman Capital’s founder Adrian Lai.
This reflects in the several new Web3-focused funds that have been launched recently by investors based in the Greater China region—BAI Capital, Token Bay Capital, ProDigital Future Fund, as well as CPIC Investment Management (H.K.) Company Limited, and Waterdrip Capital.