On the morning of June 20, Sina Technological News reported that Sun Yuchen, after the Facebook coin was issued, issued a microblogging complaint, saying that Facebook coins had been stirred up as a block chain revolution, while his own coins were accused of pyramid selling, and put down the boast that one day his wave would surpass Facebook.
Subsequently, Sun Yuchen also said, does the block chain revolution herald the collapse and change of the traditional Internet?
On June 18, after the news of Facebook's coin issue came out, Sogou CEO Wang Xiaochuan posted a microblog saying that Facebook's dominant digital currency plan marked the advent of the Internet 3.0 era. In addition, Wang Xiaochuan said that the world will change because of Facebook, which is also a huge challenge for China.
On the evening of June 18, Wang Xiaochuan also posted a microblog saying that China's mobile payment and RMB internationalization business might be challenged by Facebook's Libra plan.