The largest internet company in China, Tencent is on the verge of shutting down its NFT platform prematurely. According to sources, the main reason behind this inevitable action is due to the unprofitability of the entity. So far, the platform has suffered from the lingering ban on secondary...
The NFT space in China is in constant evolution. While users await a proper operational framework that will guide participation in the sector, stakeholders are taking measures that could promote favorable conditions when the final rules are rolled out. On several occasions, tech giants in Ch...
Tencent, one of China’s leading metaverse campaigners has added a new dimension to its development and propagation of the emerging technology. In a recent development, the establishment announced to its staff an official formation of an “extended reality” (XR) unit. This represents formal s...
1. CCTV's recent report on Metaverse pointed out that the number of Chinese companies applying for the "Metaverse" trademark exceeds 10,000, but most of them are just clout chaser with no viable products. 2. Tencent has recently released a number of Web3 job recruitment information (Web...
Chinese tech giant Tencent has continued its foray into the world of emerging technologies. The flagship company has done so by launching another recruitment exercise to fill key developmental positions. In this milestone event, the positions that are open at Tencent revolve around Web3, an em...
In a move that is largely assumed to be proactive, China’s tech giants, Tencent and Alibaba have modified their NFT rules. These modifications are believed to be aimed at discouraging any moves by Chinese regulators to crack down on the emerging industry. Top among the concerns of the ...
While it might seem that the global NFT market has seen its peak this spring, the latest news coming from China shows that non-fungible tokens are yet to see their heyday. According to the latest report from Sina Finance, one of China’s largest tech companies is reportedly eyeing the new a...
The Chinese cryptocurrency sphere this past week has seen Yunnan province, following its neighbor Sichuan, pressure cryptocurrency mining business. While in the blockchain sector, the past week has seen intensive efforts made from the local governments: the country’s crypto island Hainan d...
The central government of the People’s Republic of China has officially announced the members of its newly formed, national blockchain committee. The committee, which will be tasked with setting standards for the burgeoning blockchain industry, will be headed by some of the most notable execut...
China’s social media giant Tencent is planning to set up a cryptocurrency research team in response to the country’s push for digital currency, according to an internal notice the firm circulated on December 23. The team will be responsible for the promotions of digital currency researc...
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