The founder of Wanxiang Group Corporation, Lu Guanqiu, passed away
on October 25, 2017. The whole commercial community in China mourned his death.
The entire blockchain industry, especially those individuals and
groups based in China, has every reason to remember Lu and his work through the
Wanxiang Group. Wanxiang Group is a Chinese multinational automotive
manufacturing company based in Hangzhou. Wanxiang has long been a proponent of
distributed ledger technology, and has developed numerous blockchain-based
entities, including Wanxiang Blockchain
Labs and Wanxiang Chainbase Accelerator. It has organized the Global Blockchain
Summit three times and has launched a venture capital firm targeting blockchain-based
Fenbushi Capital, a leading venture capital firm that supports blockchain projects around the globe is backed by Wanxiang.
Born on January 17, 1945, Lu was not only admired by Chinese
entrepreneurs but also respected by China’s top leaders, as embodied by his accompaniment
of former president Hu Jin Tao during his state visit to the U.S. in 2012.
Jack Ma of Alibaba, among others, expressed his condolences
immediately, saying “the best way to memorize Mr. Lu is to pass on his
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