Li Xiaolai is a Chinese investor and blockchain enthusiast based in Beijing. An early proponent of Bitcoin and blockchain, Li has started several funds, launched a cryptocurrency exchange, and invested in blockchain projects.
Early Life and Career
Li began his career as a salesman and became one of the most well-known English teachers in China. An author, Li published two bestselling books about time management and methods in mastering vocabularies for English tests.
Blockchain and Rise in Prominence
Li started mining Bitcoin and investing in the space in 2011. By 2014, he reportedly owned over 100,000 bitcoins. After founding the Bitfund venture capital firm in 2013, Li also established Yunbi, a cryptocurrency exchange based in China. Upon starting the Yunbi, Li's bank account was frozen for various reasons. He was forced to sell bitcoins in a bear market in order to ensure adequate monetary reserves for the exchange.
In 2016, Li founded, INBlockchain, a venture capital firm focused on blockchain assets. In the summer of 2017, Li was an early investor in EOS and Block.one. This is not the first Dan Larimer project Li has supported, he also was an early investor in Bitshares and Steemit.