DatEat initiates the next big move towards Chinese market
After a long period of producing goods, exporting and cumulating assets, China has become one of the biggest players in the investment market. There have been major investment funds stepping out and invest billions of Dollars in potential projects all over the world. China also possesses the largest potential user population that any product or service can ever dream about. Due to the restrictions about regulations, social media limitation, language and culture barriers, getting into this office has never been an easy task. DatEat has successfully raised funds from different corporations, financial funds and investors; however, the team does not show any lack of motivation and ambition. DatEat has just met with Grand Shores, one of the biggest financial funds in Asia, to sign a strategy cooperation agreement, the fundamental stepping stone to approach the Chinese market.
Founded by a former Alibaba employee, Grand Shores Fund focuses on blockchain based technology and the fund will not hesitate to invest heavily in these types of company. Grand Shores aims to invest about $1.5 billion USD into the blockchain technology field. It is not sure how much this giant fund will invest in DatEat, but DatEat is the first dating app project that this fund has taken a look at and the decision was made quite fast. DatEat will announce the investment details very soon.
Kate Truong, COO of DatEat, is very optimistic about this partnership: “China is a huge market and this is where hundreds of potential users are. We have brought our app to many countries such as the UK, US, Philippines or Cambodia, but this time, when we are approaching China, this is a completely different dimension. We want to prepare ourselves as well as possible and we are very proud to sign a partnership agreement with Grand Shores Fund and also receive a huge amount of money from them.”
DatEat is running its ICO Round 2, which will end on July 23rd. So far, the project has raised more than 100 million tokens and the final ICO round will kick off on the 24th of this month. Stay tuned for more update!
