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Qian Fenglei Restructures Capital Market with “FO-X” Strategy: Acquires 600 Million HKD Stake to Take Control of WellCell, Aiming for Trillion-Dollar Web3 Ecosystem

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HONG KONG, May 9, 2025 /PRNewswire/ — When traditional capital meets the Web3.0 wave, a disruptive capital experiment is quietly unfolding in Hong Kong’s stock market. On May 9, 2025, WellCell (02477.HK), a Hong Kong-listed company, announced that Heng Feng Limited, owned by Zhejiang entrepreneur Qian Fenglei, had completed a 600 million HKD acquisition of a 10% stake in the company. This move raised Heng Feng’s total ownership to 29.9% (total investment: 1.05 billion HKD), making it the largest shareholder. The strategic takeover marks a new phase in Qian’s long-awaited “FO-X” strategy.

Capital Moves: Three Strategic Steps to Becoming the Largest Shareholder

Heng Feng Limited’s path to controlling WellCell exemplifies textbook-level capital operations:

1. First Victory

In January 2025, Heng Feng acquired 19.9% of WellCell at HKD 4.52 per share (a 29% discount to market price), costing 450 million HKD. This instantly made it the second-largest shareholder. The price was dubbed a “30% discount” by the market, laying groundwork for future acquisitions. On the first trading day after the deal, WellCell’s stock price soared 87%, sparking heated discussions.

2. Second Push

Just three months later, Heng Feng boosted its stake by another 10% at HKD 6 per share, raising its total ownership to 29.9% and surpassing the original controlling shareholder (whose stake fell to 16.6%). This move positioned Heng Feng to gain board influence and integrate WellCell into its Web3.0 ecosystem.

3. All-Star Shareholder Lineup

Heng Feng’s initial funding round of 100 million USD included 50 million USD from Qian himself and contributions from 50 high-profile business tycoons. This blend of traditional capital and Web3 newcomers provides robust resources to fuel ecosystem growth.

Decoding Heng Feng’s “FO-X” Strategy: Three Ecosystems Driving a Trillion-Dollar Market

Qian Fenglei ‘s ambition extends beyond controlling a single listed company. His core goal is to redefine the intersection of traditional finance and capital markets through the “FO-X” strategy, building a Web3 ecosystem closed-loop spanning social interaction, payments, asset management, and digital art.

1. Fochat: Flagship Social-Driven Decentralized Exchange

As a core gateway for 1 billion users into Web3, Fochat has amassed over a million users. Key innovations include:

Social Interaction as Trading: Users engage in asset transfers via chats, live streams, and short videos. Blockchain operations are simplified into visual guides, enabling “learn, trade, and socialize simultaneously” with zero barriers. Future Expansion: Plans to integrate crypto trading, NFTs, and other DeFi services, positioning Fochat as a “super portal” for decentralized finance.

2. Asset Management

Heng Feng’s licensed asset management subsidiary adopts a dual-engine model (“asset management + professional consulting”). It offers tailored solutions for wealth growth and business upgrades through strategic planning, M&A advisory, and portfolio optimization.

3. Fopay: Global Cross-Border Payment Disruptor

Dubbed the “Alipay of Crypto,” Fopay leverages blockchain for 24/7 cross-border settlements, slashing costs and transaction times. Covering major global economies, it supports real-time crypto-to-fiat conversions for everyday spending, entertainment tipping, and remittances.

Hong Kong’s Role: A Policy-Driven Experiment

Hong Kong’s embrace of Web3.0 aligns perfectly with Hengfeng’s ambitions:

Regulatory Support: Openness to virtual asset trading creates a compliant ecosystem for FO-X. Market Validation: Since Heng Feng’s entry, WellCell’s stock price has surged over 200%, peaking at a 13 billion HKD market cap—a vote of confidence from investors.

In a stagnant traditional financial landscape, Fochat’s social-driven Web3 adoption and Fopay’s technological disruption could serve as a bellwether for the next decade of global market shifts.

As Qian Fenglei remarked: “The future belongs to those who find order in chaos.” For investors, this moment is not just about tracking stock prices—it’s about seizing the historic opportunity where Web3 and traditional economies converge.

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SOURCE Heng Feng Limited

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Aurra Markets Crowned ‘Best Emerging Broker’ at Forex Expo Dubai 2026

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DUBAI, UAE, Sept. 27, 2026 /PRNewswire/ — Following a highly active two-day exhibition, Aurra Markets announces its successful conclusion at Forex Expo Dubai 2026. Held at the Dubai World Trade Centre from the 22nd to the 23rd of September, the event marked a major milestone in our global expansion, highlighted by Aurra Markets receiving the ‘Best Emerging Broker’ award.

Award Recognition for Trading Infrastructure

In a highly competitive industry, being recognized as the Best Emerging Broker highlights our operational standards and commitment to advancing trading technology. By consistently delivering sub-12ms execution, maintaining raw spreads from 0.0 pips, and holding fully segregated client funds, Aurra Markets is rapidly positioning itself as a broker of choice for active market participants.

Meeting Global Market Demands

“We are pleased to receive the Best Emerging Broker award at Forex Expo Dubai,” stated a spokesperson for Aurra Markets. “This recognition is a direct result of our mission to build a multi-asset ecosystem that prioritizes the trader’s success by combining Tier-1 liquidity with technical stability. Winning this award in a major financial hub like Dubai proves that our transparent, high-performance infrastructure meets global market demands.”

Showcasing Technology at Booth 21

Throughout the expo, our Diamond Sponsor space at Booth 21 served as a primary focal point for investors, media buyers, and financial professionals reviewing modern trading technology.

Volume-Based Rebates for Affiliates

Our dedicated affiliate managers held continuous consultations with introducing brokers and network builders. These professionals were eager to review our Partnership Programme, specifically our highly competitive volume-based rebates and comprehensive partner tracking portal designed to scale affiliate revenue.

Interactive On-Booth Networking

To complement the high-level business discussions, Booth 21 featured a lively atmosphere driven by our interactive activities. Expo attendees participated in these networking sessions, resulting in hundreds of visitors walking away with exclusive Aurra Markets merchandise, further establishing our brand presence in the region.

Building on Global Momentum

Aurra Markets extends its gratitude to the organizers of Forex Expo Dubai, our dedicated global team, and the thousands of traders and partners who visited our booth. We look forward to leveraging this momentum as we continue to push the boundaries of financial technology.

For more information about our award-winning forex platform and multi-asset ecosystem, please visit www.aurra.markets.

View original content to download multimedia:https://www.prnewswire.com/news-releases/aurra-markets-crowned-best-emerging-broker-at-forex-expo-dubai-2026-302891132.html

SOURCE Aurra Markets

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HKEX Welcomes Four New ETFs Tracking HKEX Cross-Market Indices

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HONG KONG, Sept. 28, 2026 /PRNewswire/ — Hong Kong Exchanges and Clearing Limited (HKEX) today (Monday) welcomed the launch of four exchange traded funds (ETFs) tracking three of its cross-market indices this month, marking an important milestone in the continued expansion of the Group’s index business and reinforcing its commitment to developing innovative products that support diversified investment opportunities for regional and international investors.

The newly-listed ETFs track the HKEX Bursa Malaysia Large Cap Index, the HKEX KRX Semiconductor Index, and the HKEX Tech & US Tech 100 Index. These are the first investment products based on the three benchmarks, launched earlier this year to strengthen connectivity between Hong Kong and key regional and international markets, with the first two indices introduced as part of co-branded partnerships with Bursa Malaysia Berhad (Bursa Malaysia) and Korea Exchange (KRX), respectively.

HKEX Chief Executive Officer, Bonnie Y Chan, said: “We are delighted to welcome the first ETFs tracking HKEX’s cross-market index series. Their launch marks an important step in our efforts to connect Hong Kong with international markets by working with exchanges and partners across Asia and beyond to broaden investor choice. By bringing together opportunities across different markets and sectors, these benchmarks respond to investors’ growing demand for diversification and reinforce Hong Kong’s role as a gateway connecting the Chinese Mainland with the rest of the world.”

Bursa Malaysia Chief Executive Officer, Dato’ Fad’l Mohamed, said: “We welcome the launch of Da Cheng International’s ETF tracking the HKEX Bursa Malaysia Large Cap Index, marking the first investment product based on the co-branded benchmark. Bringing together 30 leading listed companies each from Malaysia and Hong Kong, the index provides investors with a new pathway to access opportunities across both markets. This latest development also elevates the visibility of Malaysian companies among investors in Hong Kong and Mainland China and advances the broader collaboration between Bursa Malaysia and HKEX to strengthen regional market connectivity.”

Korea Exchange President of KRX Future Strategy Division, Buyeon Yi, said: “We are pleased to welcome the listing of ETFs tracking the HKEX KRX Semiconductor Index, the first co-branded index between KRX and HKEX. This milestone demonstrates how exchanges can combine their expertise in market operations and index development to foster cross-market collaboration and support investors’ regional asset allocation. By bringing together leading semiconductor-related companies listed in South Korea and Hong Kong, the index offers a new way to access Asia’s semiconductor ecosystem.”

The newly listed ETFs include: 

Listing Date

ETF

Stock Code

Issuer

24
September

Bosera HKEX KRX
Semiconductor Index ETF

3516 (HKD Counter)

Bosera Asset Management
(International) Co., Limited

28
September

Huatai-PCG HKEX KRX
Semiconductor Index ETF

3569 (HKD Counter)

Huatai-PCG Asset
Management Limited

28
September

GF HKEX Tech & US Tech
100 Index ETF

3599 (HKD Counter) /
83599 (RMB Counter) /
41599 (USD Counter)

GF International Investment
Management Limited

28
September

Da Cheng Galaxy HKEX
Bursa Malaysia Large Cap
ETF

3143 (HKD Counter)

Da Cheng International
Asset Management
Company Limited

Ms Chan added: “The growing number of products linked to HKEX-branded indices reflects the momentum of our index business. By expanding our suite of proprietary and co-branded benchmarks in different asset classes, we aim to spur product innovation, facilitate capital flows and create opportunities for issuers, asset managers and investors, supporting the development of a multi-asset ecosystem in Hong Kong.”

The three cross-market benchmarks adopt a 60/40 weighting design, with approximately 60 per cent allocated to Hong Kong-listed securities and 40 per cent to overseas securities. The design is intended to support the eligibility of ETFs tracking the indices for potential inclusion in Southbound Stock Connect. This supports portfolio diversification, cross-market capital flows and the development of innovative index-based products for investors in the Chinese Mainland and internationally.

About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code: 388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange.

As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets.

HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.

www.hkexgroup.com

View original content:https://www.prnewswire.com/apac/news-releases/hkex-welcomes-four-new-etfs-tracking-hkex-cross-market-indices-302891139.html

SOURCE Hong Kong Exchanges and Clearing Limited

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ZENIT SPACE LAUNCH VEHICLE RETURNS TO FLIGHT

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SYDNEY, Sept. 28, 2026 /PRNewswire/ — Cosmovision Global Corporation has moved the future launch site of Zenit-Australia space launch vehicle from Queensland to Northern Territory, and reactivated the licencing of the launch vehicle and  site with the Australian Space Agency. The licencing was suspended due to the war in Ukraine and other factors beyond our control.

Cosmovision Global contracted Ukrainian Yuzhmash to build the next generation of the most advanced post-Soviet launch vehicle Zenit in Australia, and launch it from Australia. Its production will rely on advanced manufacturing technologies and materials. It will not employ any Russia-made components. Zenit-Australia will use rocket engines that belong to the engine family which was considered for the DC-X2 one-stage-to orbit project, and provides a thrust over 80 tons. The engines will be made in Australia. Zenit-Australia uses environment-friendly fuels, and will employ swift and safe automated launch operations. The project is financed commercially.

Ukrainian Yuzhmash provides technologies and some components for Zenit-Australia. It is in the rocketry business for 75 years, and has built four generations of ICBM and space launchers. At the Soviet times it was the biggest rocket factory in the world and the main arsenal of the Soviet Strategic Missile Forces. Yuzhmash has over 700 successful launches under its belt, and is the only company in the World, which exports rocket stages to the ESA countries and to the USA.

Cosmovision Global Corporation is an Australian company which was incorporated in 2019 to bring Zenit launch operations to Australia.

Zenit space launch vehicle was a backbone of the Sea Launch project. It accumulated 70 years of rocket science progress, and remains the most technologically advanced space launch vehicle in the world. It is assembled at the production facility and is taken to the spaceport which may be thousands miles away, where it is checked out, rolled to the launch pad, fuelled, and launched. It takes only a few hours from leaving the check-out facility to departing for a space journey, and only a small crew is required to control the automated launch operatioms. Zenit is capable of lifting 15 tons payload to the low, and 4,5 tons to geotransitional orbit. Its design, production and launch operations will catapult Australia to the front row of space firing nations.

https://cosmovision.com.au

Contact: Cosmovision GlobalCorporation by email media@cosmovision.com.au

View original content:https://www.prnewswire.co.uk/news-releases/zenit-space-launch-vehicle-returns-to-flight-302890902.html

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