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BlockNews Completes $2 Million Financing With Hong Kong-Based Thoughtcast Capital As Lead Investor

On June 1st, BlockNews completed a $2 million financing round, which was led by Hong Kong-based Thoughtcast Capital. A portion of the new funds will be used for BlockNews' operations and technology deployment in Kuala Lumpur, aimed at improving the quality of business services such as project incubation, planning, packaging, going global and overseas legal compliance, as well as Dapp development. It is reported that BlockNews' Singapore office opened for business reception at the end of May 2023. Prior to this, they have undertaken offline conference work and achieved good results in cities such as Shenzhen, Hong Kong, Singapore, Thailand, and Vietnam.

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