Editor’s note: A version of this article by Zhang Lincheng originally appeared on our sister site, TechNode Chinese.

Blockchain technology has developed by leaps and bounds. But there’s something weird: primary market investors, those who have the keenest business sense, don’t seem very interested.

An executive at China Renaissance Group, a financial advisory firm, told TechNode that only blockchain-focused funds and some individual investors are betting on the sector now, whereas the majority of mainstream funds are still adopting a wait-and-see attitude.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.