Recently, it was announced that it would jointly establish a Web3 fund with Gaosheng, a subsidiary of Bigo Group, a listed company under Stephen Chow. In the future, Xinhuo Asset Management will serve as an investment manager, responsible for investing in related businesses of intellectual property commercialization. On the other hand, Gaosheng will provide technical and consulting services.
Is Stephen Chow’s metaverse coming?
Founded in 2002, Big Gold Group is one of Hong Kong's film and entertainment companies, with Stephen Chow as its executive director. According to this agreement, Gaosheng, a subsidiary of Big Gold Group, will provide information on the potential for acquisition or monetization of property assets, competitive product analysis, and technical advice on specific IP assets as an entertainment industry expert to assist the fund in performance analysis and risk control.
Xinhuo Technology has stated that it hopes to leverage Gaosheng's expertise in film production, cross-border marketing, interactive content and cinema investment through this collaboration to achieve business growth, digitalization and business transformation for both parties. The goal of the fund is to expand Hong Kong's innovative projects and film intellectual property development in Web3.
It is worth mentioning that Stephen Chow’s determination to enter Web3 has long been evident. As early as December last year, he posted a tweet on Instagram to publicly recruit Web3-related talents, and attached a recent photo of Stephen Chow writing the words "Hiring!" on a whiteboard, showing his curiosity and intentions about Web3.
“Finding outstanding Web3 talents in the darkness
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