PANews reported on February 14 that according to Bloomberg, Gaorong Ventures has invested $30 million in Hong Kong's largest licensed crypto exchange operator, a rare case of the venture capital giant's involvement in the digital asset field. According to people familiar with the matter, Gaorong Capital, an early supporter of Chinese Internet companies such as Meituan and PDD Holdings, invested in HashKey Group at a pre-investment valuation of more than $1 billion; the valuation has hardly changed compared to a year ago when HashKey Group raised $100 million and joined the ranks of unicorns. A spokesperson for HashKey Group said that Gaorong Capital's $30 million investment was made at a post-investment valuation of nearly $1.5 billion.