Chinese Investors Pile Into Bitcoin; BTC China Raises $5 Million

“Chinese Bitcoin exchange, BTC China – the world’s largest by trading volume according to Bitcoinity.org – has closed a $5 million Series A from institutional investors Lightspeed China Partners and Lightspeed Venture Partners. BTC China was bootstrapped prior to this round, with money put in by its three co-founders, Bobby Lee, Linke Yang, and Xiaoyu Huang.  The exchange, China’s oldest, was founded back in June 2011. In recent times it has seen an influx of new investors crowding in as the hype around the decentralised digital cryptocurrency gathers greater momentum.”

http://techcrunch.com/2013/11/18/btc-china-series-a/

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