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BTCC / BTCC Square / Global Cryptocurrency /
Cai Wensheng Bets $84M on Hong Kong AI-Web3 Hub with Premium Purchase

Cai Wensheng Bets $84M on Hong Kong AI-Web3 Hub with Premium Purchase

Author:
Global Cryptocurrency
Published:
2025-05-01 22:08:02
12
1

Cai Wensheng, founder of photo-editing app Meitu, has acquired the 25-story PARK AURA building in Hong Kong’s Tin Hau district for HKD 650 million (USD 84 million). The deal reflects a 20% premium over comparable transactions, with a price per square foot exceeding HK$12,000.

The redevelopment plan includes an AI-themed café, co-working spaces for local entrepreneurs, and dedicated studios for AI and Web3 innovation. This move underscores a growing trend among Chinese tech entrepreneurs to invest in emerging technologies like artificial intelligence and decentralized web infrastructure.

|Square

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