Fintech

China Closes Cryptocurrency Clearinghouses, Criminalizes Coin Offerings, Official Claims

China Closes Cryptocurrency Clearinghouses, Criminalizes Coin Offerings, Official Claims

The frequent outbreaks of financial irregularities have been effectively curbed since the Chinese government has cracked down on internet financial…

Jun 8, 2018
Tang Shihua
Kunlun Tech Sells First Qudian Shares Since Unveiling Plan to Dump Entire Stake

Kunlun Tech Sells First Qudian Shares Since Unveiling Plan to Dump Entire Stake

Gaming firm Beijing Kunlun Tech has sold another 2.5 million shares in Qudian for just under USD8.9 apiece as it plans to shed all of its holdings in the micro-lender within a year.

Jun 7, 2018
Liao Shumin
WeChat Pay Enters Russian Market

WeChat Pay Enters Russian Market

Chinese tourists in Russia will soon be able to use Tencent Holdings’ WeChat Pay mobile payment platform during their travels…

Jun 6, 2018
Xu Wei
Blockchain Hype Is Ripe for Regulation

Blockchain Hype Is Ripe for Regulation

Blockchain is all the rage these days, though it comes across as more arcane than other sizzling novel sectors such as the sharing economy.

Jun 5, 2018
Zhang Jian
China Doesn’t Need Legal Digital Tender, Central Bank Advisor Says

China Doesn’t Need Legal Digital Tender, Central Bank Advisor Says

There is no need for China to issue legal digital currencies, according to a leading scholar at the country’s central bank who believes bitcoin is utopian and virtual currencies are not currencies.

Jun 4, 2018
Song Yikang
Blockchain-AI Combo Will Have Deep Impact on Mankind, Renowned Physicist Says

Blockchain-AI Combo Will Have Deep Impact on Mankind, Renowned Physicist Says

The combination of blockchain and artificial intelligence will have a profound impact on humans, who gain little rewards or protection…

May 29, 2018
Liao Shumin
World’s First Blockchain Technology Management DBA Program Jointly Offered by China, France Recruits Students

World’s First Blockchain Technology Management DBA Program Jointly Offered by China, France Recruits Students

The Doctor of Business Administration in blockchain technology management program jointly offered by the Paris School of Business (PSB) and…

May 17, 2018
Dou Shicong
Ofo Turns to Blockchain to Solve Bike-Sharing Challenges

Ofo Turns to Blockchain to Solve Bike-Sharing Challenges

Leading Chinese bike-sharer Ofo aims to tap cutting-edge blockchain technology in its efforts to combat problems related to the management of its trademark yellow bicycles in urban areas.

May 17, 2018
William Clegg
Canaan Has Filed to Become First Listed Bitcoin Rig Maker

Canaan Has Filed to Become First Listed Bitcoin Rig Maker

Canaan Inc., the world’s second-biggest bitcoin mining rig maker, has applied to go public in Hong Kong and may become the first listed company of its kind.

May 16, 2018
Liao Shumin
China’s Institute of Computer Technology Joins Blockchain Consortium

China’s Institute of Computer Technology Joins Blockchain Consortium

The Institute of Computer Technology, part of the Chinese Academy of Sciences, has officially joined a blockchain consortium organized by…

May 16, 2018
Dou Shicong
Alibaba Plucks Pakistan’s E-Commerce Firm Daraz to Tap South Asian Market

Alibaba Plucks Pakistan’s E-Commerce Firm Daraz to Tap South Asian Market

Alibaba Plucks Pakistan’s E-Commerce Firm Daraz to Tap South Asian Market.  China’s largest e-commerce firm Alibaba Group Holding Ltd. is…

May 9, 2018
Liao Shumin
 Tianjin Police Seizes 600 Bitcoin Mining Machines in Power Theft Bust

Tianjin Police Seizes 600 Bitcoin Mining Machines in Power Theft Bust

Police officers in Tianjin, one of China’s four state-level municipalities, have confiscated 600 bitcoin mining machines after the local power grid reported a property for stealing electricity.

Apr 25, 2018
Liao Shumin

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