China's BAI Capital to launch dedicated Web3 fund as it diversifies beyond Web2 bets

China's BAI Capital to launch dedicated Web3 fund as it diversifies beyond Web2 bets

William Zhao (second from right to left), a partner at BAI Capital, reveals the firm's plan of launching a dedicated fund for Web 3.0 investments at the Hong Kong Web3 Festival 2023 on April 12, 2023.

BAI Capital is poised to launch a dedicated fund for Web 3.0 investments as the venture capital (VC) firm, which has a track record of backing over 200 internet companies, affirms its commitment to the next generation of decentralised applications and services.

Edited by: Pramod Mathew