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Hong Kong-listed company Jingwei Tianhai announces entry into cryptocurrency payment field, stock price surges over 18% on Tuesday

Summary: According to reports, on July 21, Hong Kong-listed company Jingwei Tianhai (02477.HK) announced its entry into the cryptocurrency payment field, causing its stock price to surge over 18% on Tuesday, July 22. It is worth noting that earlier this year, investor Qian Fenglei, known as 'Money Man', took over the company, leading to a significant ...

According to reports, on July 21, Hong Kong-listed company Jingwei Tianhai (02477.HK) announced its entry into the cryptocurrency payment field, causing its stock price to surge over 18% on Tuesday, July 22. It is worth noting that earlier this year, investor Qian Fenglei, known as 'Money Man', took over the company, leading to a significant increase in Jingwei Tianhai's stock price. According to the announcement by Jingwei Tianhai, the company launched its first mobile application 'Fopay' in the financial technology sector on July 21, 2025. Fopay is developed based on the concept of stablecoin cryptocurrency payments, providing a one-stop payment platform. Currently, Fopay offers stablecoin custody and prepaid card payment functions through several licensed partners. (Securities Times)

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