Cai Wensheng

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Meitu Founder Announces Accumulation of 10,000 Bitcoins in 2018

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Cai Wensheng, the founder of Meitu Inc., a Chinese technology company that makes smartphones and selfie apps, has announced that his bitcoin holdings have reached a personal milestone of 10,000 BTC. Mr. Wensheng also discussed his investments in alternative cryptocurrencies, and compared the present state of the cryptocurrency sector to that of the internet of … Read more

Chinese Entrepreneur Warns Against Mining and ICO Bans

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Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of … Read more