Qian Fenglei, celebrated philanthropist and chairman of Hangfeng International, is stepping into the entrepreneurial arena with a bold vision for the Web3 era. For a man whose name regularly appears on Hurun and Forbes’ top philanthropists lists, this is more than just a career pivot—it’s a statement.
Hangfeng International has raised $100 million, half of which comes directly from Qian, with the remainder coming from 50 of his closest allies. The funding will mainly fuel FO-X (fo.com), a Web3 ecosystem anchored by FoChat—a platform designed to democratize Web3 adoption and empower everyday investors. This round, Qian emphasizes, is Hangfeng's first and last.
Mission: Rebuilding the World Through Web3
“The world is plagued by blockades and invasions,” Qian stated. In contrast to Elon Musk’s vision of Mars colonization, FO-X(fo.com) offers a grounded solution for Earth: fixing it with Web3 technology.
FO-X (fo.com) brings together an all-star team of tech and finance professionals, all of them from top public companies and Wall Street. They’re all Chinese and driven by a shared optimism for Earth’s future. Qian explained, “Chinese culture teaches harmony. We’ve embraced the concept of a ‘global village’ for centuries.”
That ethos serves as the backbone of FO-X(fo.com), a project with a lofty goal: creating a “community of shared human interests” where privacy, transparency, and ownership are not just buzzwords but guiding principles.
While crypto wealth stories defined the last decade, FO-X(fo.com) aims to serve ordinary individuals. It focuses on protecting privacy, empowering users, and tearing down barriers to rebuild a global village.
Reimagining Communication: The FoChat Revolution
FO-X(fo.com)’s initial project is to rejuvenate Firechat, a neglected messaging app plagued by spam and scams. Now rebranded as FoChat, the platform has transformed into a modern, intuitive messaging platform with seamless communication and Web3 engagement.
FoChat isn’t just a messaging app—it’s a launchpad for Web3.
Beyond Messaging: The Vision for FO-X
FoChat is only the beginning. FO-X(fo.com)’s next steps include launching payment and wallet functionalities, enabling users to transact, manage, and transfer assets effortlessly within the app.
“This isn’t about crypto-fueled get-rich-quick schemes. It’s about building something meaningful for ordinary people,” Qian concluded.
With $100 million in the bank and an all-star team behind him, Qian is betting big on FO-X (fo.com).
The ultimate goal? To create the Web3 equivalent of WeChat and Alipay—a decentralized super app for a new era.
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