Fintech

Digital China Wins Bid to Develop Data System for Export-Import Bank of China

Digital China Wins Bid to Develop Data System for Export-Import Bank of China

Digital China Information Service Co. has won a CNY38-million (USD6-million) bid to develop data systems for the Export-Import Bank of China to catapult it to the forefront of the financial sector.

Feb 8, 2018
Tang Shihua
Cross-Border Crypto-Currency Platforms Risk Ban by Host Countries

Cross-Border Crypto-Currency Platforms Risk Ban by Host Countries

Regulation by national governments poses the risk that some cross-border virtual currency platforms will be banned in their host countries, Beijing Internet Finance Industry Association (BJIFIA) announced…

Feb 7, 2018
Xu Wei
Shenzhen’s Bitcoin-Mining Hardware Sellers Struggle as Bitcoin Price Falls

Shenzhen’s Bitcoin-Mining Hardware Sellers Struggle as Bitcoin Price Falls

Bitcoin mining hardware sellers in the Chinese city of Shenzhen in southern Guangdong province are falling on hard times following the heavy falls in cryptocurrency prices over the past few weeks.

Feb 6, 2018
Duan Qianqian
China’s Online Wealth Management Market to Hit USD853 Billion This Year

China’s Online Wealth Management Market to Hit USD853 Billion This Year

China’s internet-based wealth management market is expected to be worth CNY5.36 trillion (USD853 billion) by the end of this year,…

Feb 5, 2018
Dou Shicong
Baidu Launches Rival Blockchain-Based Game to Ethereum’s CryptoKitties

Baidu Launches Rival Blockchain-Based Game to Ethereum’s CryptoKitties

Chinese internet behemoth Baidu Inc. has unveiled a new blockchain-based dog-breeding game, a possible rival to another digital pet game…

Feb 5, 2018
Dou Shicong
Hong Kong’s Faster Payment System to Initially Cover Local Currency and Yuan

Hong Kong’s Faster Payment System to Initially Cover Local Currency and Yuan

The planned faster payment system in China’s special administrative region Hong Kong, which goes live in September, will initially cover the Hong Kong dollar and the yuan.

Feb 5, 2018
Dou Shicong
China to Block Websites of Overseas Digital Currency Exchanges

China to Block Websites of Overseas Digital Currency Exchanges

China plans to step up its supervision on cryptocurrencies. The world’s second largest economy will take a series of regulatory…

Feb 5, 2018
Liao Shumin
Chinese Online Streamer Xunlei Sued in US Over Illegal ICO

Chinese Online Streamer Xunlei Sued in US Over Illegal ICO

Chinese content delivery platform Xunlei Ltd. has been dealt a blow in its efforts to move into the blockchain and cryptocurrency sector…

Feb 2, 2018
Liao Shumin
Samsung to Roll Out Cryptocurrency Miner With Chinese Distributor, Says Report

Samsung to Roll Out Cryptocurrency Miner With Chinese Distributor, Says Report

Samsung Electronics Co. will release cryptocurrency miner and has already kicked off manufacturing process for Application Specific Integrated Circuit, or…

Feb 1, 2018
Xu Wei
ZTE to Pool USD2 Billion to Support 5G Research, Product Development

ZTE to Pool USD2 Billion to Support 5G Research, Product Development

ZTE Corp. intends to pool CNY13 billion (USD2.1 billion) to support 5G network technology research and product development and provide the Chinese telecoms firm with additional liquidity.

Feb 1, 2018
Liao Shumin
Hong Kong-Based Blockchain Investment Fund Acquires China’s First Bitcoin Exchange

Hong Kong-Based Blockchain Investment Fund Acquires China’s First Bitcoin Exchange

A Hong Kong-based unnamed blockchain investment fund has acquired Bitcoin China, or BTCC, the digital currency trading platform said on…

Jan 30, 2018
Tang Shihua
The Year I Worked as a Bitcoin Miner

The Year I Worked as a Bitcoin Miner

More than 20,000 rumbling machines filled both sides of the 150-meter-long warehouse.

Jan 29, 2018
YF Financial

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