Published On: Tue, Jun 12th, 2018

Chinese Blockchain News Platform Mars Finance Raises $51 Million in Funding Round

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Just four months after its launch in February 2018, Chinese blockchain news platform Mars Finance has announced it raised $51 million in a funding round led by Ceyuan Ventures and Huobi Global Ecosystem Fund.
Phenomenal Growth of Mars Finance
In his speech at the World Blockchain Conference in Singapore on June 8, 2018, Mars Finance founder Wang Feng revealed the funding round has a post-money valuation of 330 million RMB ($ 51.3  million).
Launched in February 2018, Mars Finance is a Chinese news and reports platform focussing on the blockchain and cryptocurrency sector. It provides free and publicly accessible hosting services for blockchain and cryptocurrency reference material, market segments, and online blockchain communities. The website operates in China under the name Houxing Finance, and its most popular platform is Mandarin-language
Feng revealed the raised funds would be used to develop Mars Finance towards becoming a globally-accessible blockchain information service platform. Additionally, the website will be expanded to include English and Korean versions to serve more readers across the world.
Speaking at the conference, Wang Feng said:

“I hope we can think of how to combine the blockchain with the financial system to create new and more powerful forces, and put it into practice. Mars …

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