Chinese private equity firm to invest $270 million in blockchain firm tZero

Chinese private equity firm GSR Capital is investing $270 million in blockchain startup tZero, a subsidiary of US e-commerce firm Overstock.com.

Overstock.com is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices. The website t0.com is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of blockchain technologies. (GSR was founded in 2004 by Sonny Wu and Richard Lim. Today, "GSR Ventures", "GSR United Capital" and "GSR Capital" are three teams set up by the partners in 2016. They have offices in Beijing, Hong Kong and the USA. More details here.)

GSR Ventures is listed in the Chinese Investors Directory with the code OR63.