hongshan

Zhongshan Securities International published a research report indicating that Google Cloud, a subsidiary of Alphabet, recently secured an AI cloud contract with NATO, which will provide a dedicated secure cloud system to ensure that sensitive data is accessed only domestically. Additionally, AI will be utilized to assist NATO in data analysis and improving operational efficiency. Furthermore, reports suggest that Google is vying for a multi-billion dollar TPU order from Meta. These latest developments demonstrate that Google is committed to seizing market opportunities, and it is believed that its leadership in AI is solid, which may alleviate investors' concerns about competition. The firm continues to believe that tech giants like Google are in a favorable position for sustainable AI development and looks forward to seeing Google expand its business beyond search advertising, or unlock significant unmonetized valuation potential in the cloud, autonomous driving, and AI+SAAS sectors. They reaffirmed their "Buy" rating on Alphabet, raising the target price from $360 to $390. (Jinshi)

ChainCatcher news, according to the Daily Economic News, the listed company Zhongshan Public Utilities (000685.SZ) responded to the question "Have you considered participating in the stablecoin license application?" by stating that there are currently no plans for stablecoin-related business.

ChainCatcher news, the encrypted data platform SoSoValue has completed a $15 million financing round at a valuation of $200 million, led by Hongshan, SmallSpark, Mirana Ventures, and Safepal. This round of financing brings its total funds raised to nearly $20 million.The company plans to use the new funds to continue launching new investment products as part of its SoSoValue index protocol. This protocol uses smart contracts to automatically purchase digital assets and package them into wrapped tokens.According to RootData, SoSoValue is a one-stop financial research platform for cryptocurrency investors, providing investors with real, high-quality macro market information to assist them in more effective investment research. It also offers an AI-based classification system for news and research, connecting macroeconomic data with the cryptocurrency market.

ChainCatcher news, according to Techcrunch, led by Sequoia China (HongShan) and Sequoia India (Peak XV), has jointly invested $10 million in the seed round financing of the stablecoin payment platform KAST.KAST is a bank-like platform based on stablecoins, allowing users to hold and use stablecoins through traditional payment channels, and providing credit card services that can be used within standard merchant networks, enabling users to spend their stablecoin assets at merchants that do not support cryptocurrency payments.The platform was co-founded by Raagulan Pathy, former head of Asia Pacific at Circle, and Daniel Bertoli, former partner at Quona Capital, primarily targeting users in emerging markets, especially offshore workers. KAST reduces cross-border payment costs by bypassing traditional banking networks and is currently not operating in China and India due to regulatory restrictions. DST Global and Goodwater Capital participated in this round.

ChainCatcher news, according to EQS, Singapore-based crypto financial research startup SoSoValue has announced the completion of a $4.15 million seed round financing. This round was led by HongShan, with participating investors including GSR Markets, Alumni Ventures, CoinSummer Labs, and OnePiece Labs. Additionally, co-founders of Gitcoin, early investors in Ethereum, and founders of top Web3 and AI tech companies also participated in this round of financing.SoSoValue co-founder Jivvva stated that this round of financing will be used to promote the development of SoSoValue's AI-driven data services and expand the global research community. SoSoValue aims to achieve fair competition in the market by providing equal access to top data technologies and insights.According to the Web3 asset data platform RootData, [SoSo Value](https://www.rootdata.com/zh/Projects/detail/SoSo Value?k=MTA1NDk= "One-stop financial research platform for crypto investors") is a one-stop financial research platform for cryptocurrency investors, providing real and high-quality macro market information to assist investors in more effective investment research. It also offers AI-based categorized news and research, connecting macroeconomic data with the cryptocurrency market.

ChainCatcher news, the decentralized perpetual contract exchange MYX incubated by D11 Labs announced the completion of a $5 million seed round financing at a valuation of $50 million. This round was led by HongShan (formerly Sequoia China), with participation from Consensys, Hack VC, OKX Ventures, Foresight Ventures, Redpoint China, HashKey Capital, GSR Markets, Alti5, Leland Ventures, Cypher Capital, Bing Ventures, and Lecca Ventures. The funds raised in this round will be used to accelerate MYX's technological innovation and market expansion, promoting the rapid launch and scalable development of its mainnet products.At the same time, MYX announced the upcoming launch of a Treasure Hunting Event aimed at incentivizing and rewarding early supporters in the community. This event will last until the TGE ends, with the first phase about to begin, and consideration is being given to deploying key early storyline vouchers on the BRC-20 network.According to RootData, MYX is a decentralized perpetual contract exchange that utilizes an innovative MPM mechanism to achieve 0 slippage trading and efficiently match long and short positions, achieving capital efficiency of up to 125 times, dedicated to breaking through the on-chain capital efficiency bottleneck.

According to ChainCatcher, as reported by TechCrunch, [Sequoia Capital](https://www.rootdata.com/zh/Investors/detail/Sequoia Capital?k=MTQw) will split into three companies, with Sequoia China being rebranded as HongShan, and the Sequoia India and Southeast Asia division being rebranded as Peak XV Partners. Sequoia's US and European businesses will maintain their affiliation with the original Sequoia Capital brand.In addition, Sequoia Capital's India and Southeast Asia division stated that Peak XV Partners has raised $9.2 billion through 13 funds under its previous brand name and invested in over 400 startups in the region, and will now seek to deploy approximately $2.5 billion raised last year. (source link)