The Chinese company Qulian Technology, the developer of blockchain platforms, announced the completion of funding round series, which attracted $234 million (1.5 billion yuan).

The main investor of this round, Shanghai Xinhu Zhongbao company operating in the real estate market and Finance, announced the intention to invest in Qulian a week ago and now owns 49% of its shares, although in April estimated its value at $78 million on may 27 in connection with a sharp and rapid change in the company’s valuation is almost three times the Shanghai stock exchange sent a Xinhu Zhongbao request for explanations and received assurance that the decision was made on the basis of a comprehensive assessment of investors.

Recall that Ted Livingston (Ted Livingston), the head of the company Kik, which last year attracted during the ICO nearly $100 million investment, said that the technology of the blockchain, very few people may be interested, since its only practical application is bitcoin and other cryptocurrencies.