Telegram-based Web3 e-commerce company Tongxin Innovation announced that it has signed a $3 million equity financing agreement at a valuation of $10 million. Singapore's Trident Digital Tech Holding participated in the investment and will obtain a 30% stake in the company. It is reported that Tongxin is currently launching Web3 e-commerce application ToMe on Telegram. At this stage, it is focused on Dubai, Singapore and Hong Kong markets.