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Fintech

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
Meitu Denies Involvement in Illegal ICOs

Meitu Denies Involvement in Illegal ICOs

Meitu Inc., which made popular Chinese selfie app Meitu Xiuxiu, has denied having connections to cryptocurrency software Ethereum Xiuxiu and…

Jan 25, 2018
Dou Shicong
IMF’s Lagarde Tweets on ‘Fascinating Conversation’ With Jack Ma at Davos

IMF’s Lagarde Tweets on ‘Fascinating Conversation’ With Jack Ma at Davos

Christine Lagarde, managing director of the International Monetary Fund, posted a photo on Twitter of herself with Alibaba Group Holding Ltd.’s…

Jan 24, 2018
Xu Wei
Rental Costs for Guangzhou Warehouses Soar on Rising E-Commerce Demand

Rental Costs for Guangzhou Warehouses Soar on Rising E-Commerce Demand

The average monthly rental price for warehouses in China’s southern city of Guangzhou has almost doubled over the past 10…

Jan 24, 2018
Feng Yunqing
Fintech Firm Rongyu Group to Take Majority Stake in Automotive E-Commerce Marketer

Fintech Firm Rongyu Group to Take Majority Stake in Automotive E-Commerce Marketer

Fintech company Rongyu Group Co. plans to splash CNY60 million (USD9.4 million) on a stake in an automotive e-commerce marketer to enhance its presence in the technology sector.

Jan 24, 2018
Dou Shicong
Meitu Taps Blockchain for Facial Recognition Authentication System

Meitu Taps Blockchain for Facial Recognition Authentication System

Meitu Inc., which made popular Chinese selfie app Meitu Xiuxiu, plans to develop a blockchain-based facial recognition system to decentralize user authentication.

Jan 23, 2018
Dou Shicong
Fintech Remains Good Bet For Seeing Returns on Assets, Early PPDai Investor Says

Fintech Remains Good Bet For Seeing Returns on Assets, Early PPDai Investor Says

Chinese venture capital firm Lightspeed China Partners expects investment in the fintech sector to continue as a general trend going…

Jan 19, 2018
Tang Shihua

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