Fintech

Wall Street Embraces Blockchain as China Curbs Enthusiasm for Cryptos

Wall Street Embraces Blockchain as China Curbs Enthusiasm for Cryptos

Wall Street banks are plowing billions of dollars into blockchain, the tech behind cryptocurrency bitcoin, after China seeded investment in digital currencies before banning them outright.

Apr 25, 2018
Feng Yuqing
China Gives Blessing for Its Largest Bitcoin Hardware Maker to List Onshore

China Gives Blessing for Its Largest Bitcoin Hardware Maker to List Onshore

China’s top securities regulator is happy for Canaan Creative Co., the country’s largest bitcoin mining hardware maker, to list on the mainland despite national bans on cryptocurrency trading.

Apr 25, 2018
Dou Shicong
PBOC Says Crypto Platform Closures Went Smoothly

PBOC Says Crypto Platform Closures Went Smoothly

China has overseen the smooth shut down of its cryptocurrency trading platforms since bringing in a regulatory order last September to suspend all such operations, the central bank said.

Apr 24, 2018
Xu Wei
Tencent Invests CNY389 Million in Sunline Tech to Create Fintech Cloud Platform

Tencent Invests CNY389 Million in Sunline Tech to Create Fintech Cloud Platform

Internet giant Tencent Holdings Ltd. has agreed to invest CNY389 million (USD61.75 million) in Sunline Tech Co. to develop a…

Apr 23, 2018
Tang Shihua
China’s Biggest Truck Maker Taps HyUnion Fintech Unit for Blockchain

China’s Biggest Truck Maker Taps HyUnion Fintech Unit for Blockchain

China’s biggest truck manufacturer Beiqi Foton Motor Co., a unit of auto giant Beijing Automotive Industry Holding Co., has enlisted…

Apr 9, 2018
Tang Shihua
Alibaba Sues Dubai Company Over ‘Alibabacoin’ Cryptocurrency

Alibaba Sues Dubai Company Over ‘Alibabacoin’ Cryptocurrency

Alibaba Group Holding Co. is suing a company in the Emirate of Dubai for issuing a virtual currency styled ‘Alibabacoin,’…

Apr 4, 2018
Liao Shumin
Qudian Aims to Sell 100,000 Vehicles to Youth in Small Cities This Year

Qudian Aims to Sell 100,000 Vehicles to Youth in Small Cities This Year

Qudian Inc., which has redirected its business from consumer finance to new vehicle retail, plans to sell 100,000 autos this year, state media outlet Thepaper.cn reported.   

Apr 3, 2018
Tang Shihua
Alibaba Quietly Withdraws Test Product Due to ICO Similarities

Alibaba Quietly Withdraws Test Product Due to ICO Similarities

Alibaba Quietly Withdraws Test Product Due to ICO Similarities. China’s largest e-commerce firm Alibaba Group Holding Ltd. yesterday unveiled…

Apr 1, 2018
Dou Shicong
HyUnion Subsidiary to Provide Blockchain Technology Services for Online Insurance Firm

HyUnion Subsidiary to Provide Blockchain Technology Services for Online Insurance Firm

A wholly-owned subsidiary of HyUnion Holding Co. will provide blockchain technology services to a Beijing-based online insurance company to…

Mar 27, 2018
Tang Shihua
PBOC Unit Launches China’s First Blockchain-as-a-Service Platform

PBOC Unit Launches China’s First Blockchain-as-a-Service Platform

A unit of China’s central bank has set up the country’s first blockchain service platform allowing users to prove their…

Mar 27, 2018
Dou Shicong
Ant Financial, Kweichow Moutai Pair Up to Develop Blockchain-Based Anti-Counterfeit Solution

Ant Financial, Kweichow Moutai Pair Up to Develop Blockchain-Based Anti-Counterfeit Solution

Ant Financial Services Group, affiliate of China’s internet behemoth Alibaba Group Holding Ltd., has entered into a partnership with premium…

Mar 26, 2018
Dou Shicong
Giant Network Sells Stake in Fallen Chinese Bitcoin Trading Giant to Its Actual Controller

Giant Network Sells Stake in Fallen Chinese Bitcoin Trading Giant to Its Actual Controller

Giant Interactive Group Inc. has sold all of its stake in OKC Holdings Corp., the operator of OKcoin, which was…

Mar 26, 2018
Liao Shumin

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