China’s Blockchain Investment Facing Explosive Growth
According to the “2018 Blockchain Investment and Financing Report” released by the China Research Institute, the number of China’s blockchain enterprises has been experiencing growth for six consecutive years, and the investment and financing of the blockchain industry is exploding.
  As of the end of 2017, there were more than 320 blockchain companies in the Chinese market, all of which maintained growth for six consecutive years in 2012-2017. A large number of “coin family” blockchain startups took advantage of the trend; after the baptism of the “first year of blockchain technology” in 2016, the concept of blockchain became more mature in 2017, and the number of start-ups climbed. The newly added enterprises are still dominated by Beijing and Shanghai. The growth rate of new enterprises in Zhejiang, especially in Hangzhou, is also rapidly increasing, and the gap between the first-tier cities such as Beishangguang is gradually narrowing.
  Statistics show that the eastern region, with Beijing, Shanghai and Guangdong provinces, accounts for more than 70%. The prosperity of the eastern region depends on the construction of policy orientation and entrepreneurial atmosphere: Beijing is the political centre of China, with rich industry resources and strong policy support, attracting more entrepreneurs to settle in, which makes the number of Beijing blockchain enterprises far ahead. The proportion of the company reached 40.38%; Shanghai as a financial centre, the market prospect is broader than other cities, followed by Beijing, accounting for 19.87%; Guangdong Province and Zhejiang Province benefited from a strong atmosphere of innovation and open thinking, blockchain industry financing The situation also has a good performance, ranking third and fourth respectively.
However, with the continuous development of blockchain technology and the establishment of enterprises, the competition in mature regions in the east will become saturated, and the development of future application markets will gradually expand to the central and western regions. At present, a small number of enterprises in Shaanxi, Henan, Sichuan, Chongqing and other places have been voted, and it is believed that the imbalance between regions will gradually ease as time goes by.
  Since the beginning of 2018, with the landing of the blockchain technology application scenario and the continuous clearing of the business model, the financing situation has grown dramatically. According to the incomplete statistics of the China Investment Research Institute, as of April 2018, there were 106 financing events in the blockchain field this year, involving more than 6.306 billion yuan, both in terms of financing scale and financing frequency far exceeding the previous year. The largest single financing came from Ping An, the financial management portal of Ping An, which received $650 million from SBI Investments and IDG Capital. It is worth noting that 10.38% of the blockchain enterprises have been able to obtain more than 100 million yuan of financing and begin to enter an orderly development stage.
via China Industrial Economic Information Network
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