There were 245 blockchain-related investment and financing events happening in China over the course of 2019, with a total of 24.4 billion yuan ($3.5 billion) invested, according to a recent report by Rhino Data, a local data-driven investment platform. Both the investment and financing deal...
The Blockchain Trade Finance Platform, spearheaded by the Digital Currency Research Lab of the People’s Bank of China (PBoC), has recently been approved as a key special project of the National Key Research And Development Program with grants of 32.35 million yuan. Accordin...
A leading Chinese charity has run into a storm of criticism after it said it raised 1 million yuan for a young woman hospitalized due to severe malnutrition, but only transferred 20,000 yuan to the hospital before she died several days ago. The case has incited widespread fury both domesticall...
Members of the group that acts as a common voice for the various business sectors of the European Union and European businesses operating in China are not happy. They have called for China's emerging ‘Digital Silk Road’ (or DSR) to “be much more open to input from all stakeholders”...
On January 15th, Bytom officially released MOV Stable Financial System Whitepaper 1.0 and proposed an innovative stablecoin financial system based on MOV crosschain value exchange protocol. From basic economic and MOV infrastructure-building perspective, the system consists o...
Issues surrounding where the line is drawn for service providers when it comes to data privacy has been topical of late across several sectors and regions of the world including China. Globally, the call to respect the human right to privacy has been consistently loud with measures such as new...
The assumption that China may be the world's purported leading country in the blockchain space is no longer new. It has been building up right before President Xi Jinping made his historical blockchain 'endorsement' speech last October. The emerging considerations that tends to put this cla...
Baidu is launching the public beta version of its blockchain service for businesses to bring interest in and adoption of the emerging technology to yet another level in China and beyond. At a reported rate of as low as ¥1 (about $0.14) to deploy an application on the open-network blockchain unti...
Blockchain service network (BSN), an industry alliance initiated by the State Information Center (SIC) – a Chinese government policy-making think tank will be put into commercial operation in April, 2020. The internal test period of the network is from October 2019 to March 2020, in ...
To supposedly support the uptake of emerging technologies in China, the country's intellectual property body has announced that some amendments would be made to patent application process related to artificial intelligence, "Internet +”, big data, and blockchain. Starting from Feb 1, the C...
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