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PANews reported on September 27 that the businesses of Web3 Group Newman Group, including Newman Capital, a Web3 venture capital company headquartered in Hong Kong, announced a strategic investment in Conflux Network. It hopes to use its Web3 expertise and resources to help Conflux develop technology to solve the above problems, so that more blockchain solutions can be applied to Hong Kong enterprises.
In 2023, Conflux will expand its business to Hong Kong and set up its headquarters in Hong Kong Cyberport, while also becoming a Cyberport incubator. Through this strategic investment, Newman Group and Conflux will be committed to providing consulting and developing strategies, processes and technology infrastructure for enterprises in Hong Kong to promote the Web3 industry to flourish in Hong Kong.