Tencent’s Head of Insurance to Join Animoca Brands as CBO: Report

Animoca Australia

Liu Jiaming, head of Insurance of China’s internet behemoth, Tencent, is all set to join Animoca Brands.

  • According to a report, Jiaming will be onboarded as Chief Business Officer (CBO) by the blockchain gaming platform.
  • Tencent’s microblogging site, Weibo, has reportedly confirmed the resignation of Jiaming as its executive director due to personal reasons.
  • At Animoca, Jiaming will be tasked with managing more than 300 of its acquisition and investment companies and leading in mergers and acquisitions, as well as foreign cooperation.
  • Animoca, for one, has been on an expansion spree after the bull run last year that massively catapulted blockchain-based gaming, metaverse, and the NFT sector.
  • As a result of the growing demand, the company invested, acquired, as well as forged partnerships with several Web3-focused firms in recent times.
  • The Hong Kong-based gaming giant acquired French game developer – Eden Games and Australian digital agency – Be Media in April this year.
  • Despite the bear market, Animoca reportedly secured $75 million in a funding round in July.
  • Participants of the round included Liberty City Ventures, Winklevoss Capital, and Soros Fund Management.
  • Following the fundraising, Animoca’s valuation soared to $5.9 billion.
  • Doubling down on its expansion plans, the company said it will deploy the funds to hire more people, upgrade its products, and receive licenses for intellectual properties (IPs).

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

You Might Also Like: