China’s fintech ambitions drive interest in Venom Blockchain

Reports from Toutiao indicate that a leading Chinese fintech company is in discussions to acquire blockchain technology from the Venom ￰0￱ details of the negotiations remain confidential, sources suggest the goal is to integrate Venom’s infrastructure into financial services that support the real economy, from supply chain finance to cross-border ￰1￱ talks echo a familiar ￰2￱ companies have a track record of moving into blockchain and digital asset sectors through bold acquisitions or strategic pivots, triggering market ￰3￱ notable case came from the crypto exchange Huobi, which pursued a strategy of overseas acquisitions starting in 2018, buying licenses and platforms in Japan and Singapore after Beijing tightened domestic ￰4￱ strategy enabled Huobi to maintain a global presence despite restrictions at home, though it also underlined how Chinese players often rely on foreign partnerships to keep pace with global ￰5￱ employs dynamic sharding to handle high transaction volumes and bottlenecks, a fair-ordering layer to address market manipulation issues, and cross-chain interoperability with Ethereum Virtual Machine (EVM) and Web Assembly (WASM).

However, analysts note that supply chain finance would benefit the most from Venom’s blockchain-based data credit ￰6￱ applications are ￰7￱ chain finance has long been a bottleneck for small and medium-sized enterprises, where banks hesitate to extend credit due to limited ￰8￱ could help build a transparent “data credit” system to reduce that ￰9￱ investors, the possible Venom deal raises familiar ￰10￱ it mirror Huobi’s experience, where overseas acquisitions became the foundation for long-term strategy despite regulatory headwinds? The negotiations are expected to extend into late 2025 or early ￰11￱ of the outcome, the story reflects a broader structural shift: blockchain is steadily moving into the infrastructure layer of China’s financial ￰12￱ image via Shutterstock