Digital asset platform OKCoin’s operating entity, OKEX, has announced the successful completion of a new round of financing amounting to tens of millions of dollars. This strategic investment marks a significant development in the evolving landscape of blockchain and digital asset services, drawing attention from high-profile investors across China’s financial and tech sectors.
The funding round includes notable participation from Giant Network Group—founded by gaming and tech magnate Shi Yuzhu—and Qianhe Capital, led by legendary fund manager Wang Yawei, often referred to as the "No. 1 Private Equity Fund Manager in China." Additional investors include Tang Yue, founder of eLong.com, and Longling Capital, established by Cai Wensheng, chairman of Meitu Inc. Early backer Ceyuan Ventures also participated in the follow-on investment.
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Strategic Equity Moves Reveal Deep Institutional Backing
Public business registration data reveals that Beijing Ouken Lianchuang Network Technology Co., Ltd. has undergone a recent equity restructuring. Entities linked to Wang Yawei’s Qianhe Capital network and Giant Network have officially become shareholders, although the exact shareholding percentages remain undisclosed.
Ouken Lianchuang holds 100% ownership of Beijing LeKuDa Network Technology Co., Ltd.—the company behind the once-prominent RMB-to-Bitcoin trading platform OKCoin. This ownership structure positions the newly invested parties as indirect stakeholders in the broader OKCoin ecosystem.
Further investigation into investment chains shows that Qianhe Hongding—a key link in Wang Yawei’s investment network—holds a 14.95% stake in Shanghai Wei Yi Investment Management Center and serves as its legal representative. Qianhe Hongding itself is jointly funded by Shanghai Xi Heng Asset Management and Ruiyuan Capital Management. Shanghai Xi Heng is a subsidiary under Qianhe Capital, reinforcing Wang Yawei’s strategic influence in this venture.
OKEX: A Global Player in Blockchain Innovation
According to its official website, OKEX operates as a globally focused technology company dedicated to blockchain research, development, and digital asset applications. Headquartered in Belize, OKEX runs okex.com, a comprehensive digital asset trading platform offering fiat-to-crypto trading (including USD, JPY, KRW, EUR), crypto-to-crypto exchanges, and advanced derivatives such as futures and options contracts.
In parallel, okcoin.com functions as a regulated service product tailored for institutional and retail users seeking compliant access to digital assets through traditional currency pairs. While sharing historical roots with the original OKCoin brand, today’s OKEX operates independently with a global compliance framework.
It’s important to clarify that OKCoin.cn (also known as “OKCoin Bi Xing”)—once one of China’s largest Bitcoin trading platforms using RMB—has fully transitioned out of the exchange business. In compliance with mainland China’s regulatory requirements, it completed full withdrawal of user assets by October and has since pivoted into blockchain technology R&D. The company now collaborates with major financial institutions on enterprise-grade blockchain solutions, including supply chain finance, cross-border payments, and digital identity verification systems.
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Frequently Asked Questions (FAQ)
Q: Is OKCoin still operating as a Bitcoin exchange in China?
A: No. As of October 2025, OKCoin.cn (also known as OKCoin Bi Xing) has fully exited the cryptocurrency trading business in compliance with Chinese regulations. It has transitioned into a blockchain technology research and development firm.
Q: Are OKEX and OKCoin the same company now?
A: While they share historical origins, OKEX and OKCoin operate as separate entities today. OKEX runs global trading platforms at okex.com and okcoin.com with international compliance frameworks, whereas the original OKCoin brand in China has ceased exchange operations.
Q: Who are the major investors in OKEX’s latest funding round?
A: Key investors include Giant Network Group (founded by Shi Yuzhu), Qianhe Capital (led by Wang Yawei), Longling Capital (backed by Cai Wensheng), eLong founder Tang Yue, and returning investor Ceyuan Ventures.
Q: What services does OKEX offer globally?
A: OKEX provides a full suite of digital asset services including fiat-to-crypto trading (USD, EUR, JPY, KRW), spot trading, margin trading, futures contracts, options, staking, and wallet solutions through its platforms okex.com and okcoin.com.
Q: How is Wang Yawei involved in the crypto space through this investment?
A: Through his affiliated firm Qianhe Capital and layered investment vehicles like Qianhe Hongding, Wang Yawei has taken an indirect but strategic equity position in the company behind OKCoin, signaling growing institutional interest in blockchain infrastructure despite market volatility.
Q: Is this funding related to any new product launches?
A: While no specific product announcements were made alongside the funding news, the capital injection is expected to support further expansion of OKEX’s global compliance framework, technology development, and institutional-grade offerings.
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The Bigger Picture: Institutional Confidence in Digital Assets
This round of financing underscores a broader trend: increasing confidence among traditional financial elites in blockchain-based financial systems. The participation of figures like Wang Yawei—renowned for his disciplined value investing—and Shi Yuzhu—a serial entrepreneur with deep experience in tech monetization—signals that digital assets are being evaluated not just as speculative instruments but as foundational components of next-generation finance.
Moreover, the structural separation between the former domestic-facing OKCoin and the current international OKEX platforms reflects a mature response to regulatory divergence. While mainland China maintains strict controls on cryptocurrency trading, global platforms continue innovating within regulated environments—offering compliant gateways for both retail and institutional capital.
As blockchain adoption accelerates across banking, remittances, asset tokenization, and decentralized finance (DeFi), investments like this highlight the ongoing convergence between traditional finance and digital asset ecosystems.
With strong backing from respected names in Chinese finance and technology, OKEX is well-positioned to expand its role as a bridge between conventional markets and the emerging decentralized economy—driving innovation while navigating complex global regulatory landscapes.