Chinese Tech Giants from Alibaba to Xiaomi Ramp up Efforts in Blockchain

Mar 4, 2020

Chinese smartphone and electronics giant Xiaomi has recently set up a joint venture with a registered capital of 66 million yuan, which will particularly focus on new business areas involving blockchain, artificial intelligence (AI) and big data. The Hong Kong-listed company has been eyein...

China’s Internet Giant Tencent to Set up Cryptocurrency Research Team

Dec 24, 2019

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...

Tencent Cooperates with China Authority in Crypto Scam Crackdown

Nov 25, 2019

A financial monitoring tool launched by Chinese Internet conglomerate Tencent helped China authority screen 39 enterprises suspected of illegal activities of cryptocurrency. Through AI analysis of government data, open information, reporting information, social media, “Lingkun”, the mo...

Chinese Internet Giant Tencent Released Blockchain White Paper Again, How Public Chains Can Compete?

Oct 23, 2019

On October 19, 2019, the 2019 Tencent Blockchain White Paper was released at Tencent's first digital transformation strategy meeting jointly held by Tencent Research Institute, Tencent FIT, Tencent Cloud, Tencent Legal Innovation Center and Tencent Finance and Economics. ...

Bitmain’s Worry Deepens Ahead of IPO

Aug 24, 2018

Investment research firm, Sanford C. Bernstein & Co., has released a report suggesting that Bitmain, a leading crypto mining hardware manufacturer, is losing its edge - an estimated 85% of the market for crypto mining chips - over its competitors in terms of production. The analysts at...

China’s Tencent and Japan’s Softbank Back $15 Billion Mining Giant Bitmian’s ICO

Aug 8, 2018

The world’s dominant cryptocurrency mining hardware producer Bitmain has reportedly signed its Pre-IPO financing contract with China’s technology giant Tencent, China International Capital Corporation (CICC) and Japan’s Softbank. Since then, Bitmain’s valuation has been boost...

Tencent: We Will Never Ever Issue A Digital Token

Jul 31, 2018

A rumor spreads over the internet recently circulated that the Chinese tech giant Tencent (NASDAQOTH: TCEHY) is about to issue its own tokens. On July 30, Tecent officially reported that, the rumor is not true, Tencent will never ever issue a digital token. Tencent is an int...