Yes, Team Red (as I like to call them), got some funding from a tech incubator, and Red's creator became Entrepreneur-in-Residence there for a time.

This link has all the links from red-lang.org that were posted on HN:

https://news.ycombinator.com/from?site=red-lang.org

And from that I saw:

http://www.red-lang.org/2015/01/dream-big-work-hard-and-make...

which mentions the funding etc.

At least some part of the Red team works from China, that's true. And looks like you found an old website :)