On April 29th, according to the annual cooperation plan and consensus between the Chinese and Mongolian militaries, the "Grassland Partner-2024" joint training of the army will be held in the Eastern Gobi Province of Mongolia from the end of April to late May. China will send a battalion-sized force with various types of weapons and wheeled equipment to participate in the training in Mongolia. This is the first joint training between the two armies to address the activities of illegal armed groups, aiming to further deepen strategic mutual trust and practical cooperation between the Chinese and Mongolian militaries, and inject positive energy into regional peace and stability.

Odaily Planet Daily News Gobi Partners recently announced that it has completed the equivalent of HK$2 billion (US$255.9 million) for the Alibaba-backed fund, which is committed to investing in the Greater Bay Area in southern China. Tang Qibo, managing partner of Gobi Greater Bay Area, said that the new fund, named AEF Greater Bay Area Fund (GBA), will remain open until the end of this year to receive support from more LPs. The AEF GBA Fund takes the Alibaba Hong Kong Entrepreneurs Fund (AEF), a non-profit foundation under the e-commerce giant Alibaba Group, as the main investor and invests in the Guangdong-Hong Kong-Macau Greater Bay Area, covering China's Hong Kong Special Administrative Region, Macao Special Administrative Region and China Nine cities in southern Guangdong province. Since 2021, the AEF GBA fund has backed companies such as Hong Kong-based blockchain game developer Animoca Brands, insurtech startup OneDegree and clinical-stage biotech company Immuno Cure. The fund also continues Gobi's investment in virtual reality company Sandbox VR. (Viewpoint Network)

Jinse Finance reported that Gobi Partners announced that it has completed the fundraising target equivalent to 2 billion Hong Kong dollars (255.9 million U.S. dollars) for the fund supported by Alibaba. GBA), Alibaba Hong Kong Entrepreneurs Fund (AEF) is the main investor of AEF GBA, and other investors include HSBC and Hang Seng Bank. At present, AEF GBA has invested in the blockchain and digital asset industry, supporting Hong Kong blockchain game developer Animoca Brands, digital asset insurance company OneDegree, etc. The fund will also continue Gobi’s investment in the virtual reality company Sandbox VR.

According to PANews news on June 29, according to the South China Morning Post, OneDegree, one of the first insurance technology start-up companies in Hong Kong to obtain a virtual insurance license, completed a financing of US$27 million, with participation from Gobi Ventures, Sun Hung Kai and Bitrock. The new funds will be used to further expand its operations in Asia and expand its digital asset insurance portfolio. Alvin Kwock Yin-lun, co-founder of OneDegree, said that after the Hong Kong Securities Regulatory Commission launched a new regulatory system on June 1, the demand for digital asset insurance will increase significantly in the future; it is expected that many virtual asset trading companies will apply for licenses to provide digital assets in Hong Kong. Asset transactions, and these operators need to have appropriate insurance to protect the interests of investors and traders. It is reported that OneDegree’s total financing scale has exceeded US$97 million. It launched cryptocurrency insurance for the first time in November 2021, providing HK$100 million of insurance for the Hong Kong Digital Asset Exchange, an encryption exchange.

Odaily Planet Daily News The virtual insurance company OneDegree announced that it has completed a new round of financing of 27 million US dollars. Gobi Venture Partners, Sun Hung Kai, Bitrock and new investors participated in the investment. This round of funds is used to expand its digital asset insurance portfolio. This is the company's fifth funding round since its founding in 2016, and brings the total amount raised to more than $97 million following a $28 million round in 2021. It is reported that OneDegree launched cryptocurrency insurance for the first time in November 2021, providing 100 million Hong Kong dollars of insurance for the cryptocurrency exchange Hong Kong Digital Asset Exchange.

Odaily Planet Daily News Horizen has established a strategic partnership with Auros, a global algorithmic trading and market maker company, which will increase the adoption rate of ZEN and prepare for the launch of the EON ecosystem. It is reported that the EON ecosystem is Horizen’s new EVM compatible smart contract platform. Horizen EON is currently running on its permanent public testnet Gobi and is powered by a network of products, integrations and tools including Auros. Through the partnership between Horizen and Auros, the EON ecosystem will support more Dapps and services in the coming months.

On June 9th, Horizen issued a document saying that EON will upgrade the Gobi testnet on June 13th, improve the security of the network by changing some fee parameters, and implement repairs for the vulnerabilities that have emerged through the ongoing bug bounty program. Ensure a smooth transition to the EON mainnet launch.