Taiwanese publicly listed company Falcon Power (TWSE:1516) announced an important personnel appointment. Renowned Web3 investment firm Sora Ventures founder and managing partner Jason Fang officially took on the role of chairman, sparking market attention on the integration of traditional industries and blockchain capital.

Falcon Power has long been engaged in the trade of energy materials and electronic components. Now, amid the rapid growth of the global electric vehicle industry, the company welcomes a new chairman with experience in Web3 and digital asset international investments. The external market is also watching to see what new directions this personnel arrangement will bring to the company.

Falcon Power appoints Jason Fang as Chairman

Taiwanese listed company Falcon Power Co., Ltd. (TWSE:1516) announced the appointment of Sora Ventures founder and managing partner Jason Fang as the company’s new chairman.

Founded in 1986, Falcon Power initially started with bicycle component manufacturing. As the industry transformed, it gradually expanded its business scope. Currently, the company mainly focuses on global trade of energy-related materials and electronic components. In recent years, revenue sources have shifted increasingly toward the electric vehicle supply chain, with most income coming from electronic components used in EV batteries.

Jason Fang stated: “I am honored to serve as chairman of Falcon Power. Over the past decade, I have accumulated rich experience and resources in the global blockchain and digital asset industries. I look forward to bringing these perspectives into my new role, while helping Falcon Power strengthen its core operations and explore opportunities to create more value for shareholders.”

Sora Ventures: Managing over $100 million in Web3 investments

Founded in early 2018, Sora Ventures is one of Asia’s well-known Web3 investment institutions. Since its establishment, the firm has invested over $100 million, supporting more than 150 Web3 companies across blockchain infrastructure, crypto asset applications, and digital finance.

In recent years, Sora Ventures’ investment focus has gradually shifted toward “Bitcoin Treasury” companies, especially promoting Asian enterprises to include Bitcoin in their asset allocation strategies.

Headquartered at Taipei 101, Sora Ventures is regarded as one of the early promoters of Taiwan’s Web3 ecosystem. The firm has previously invested millions of dollars in several Taiwanese blockchain startups and entrepreneurs, continuously supporting local industry development.

In 2023, Sora Ventures also hosted the Sora Summit 2023 in Taipei, attracting developers, investors, and corporate representatives from the global crypto industry.

Jason Fang also serves as chairman of multiple Asian listed companies

In addition to Falcon Power, Fang Zhihao currently holds chairman or director roles in several Asian listed companies, including:

AsiaStrategy (NASDAQ: SORA)

Bitplanet (KOSDAQ: 049470, South Korea)

DV8 (BKK: DV8, Thailand)

Moon Inc. (HKG: 1723, Hong Kong)

He has also previously served on the board of Japanese listed company Metaplanet (TYO: 3350), where he promoted the establishment of Asia’s first “Bitcoin Treasury” model.

This model is similar to that of U.S. listed company Strategy (formerly MicroStrategy), which incorporates Bitcoin into corporate balance sheets as a long-term reserve asset, thereby attracting attention from the crypto capital markets.

This article about Sora Ventures founder Jason Fang becoming Falcon Power’s chairman and a Web3 investor crossing over to lead a Taiwanese listed company first appeared on Chain News ABMedia.

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