China’s “re-commerce market” is predicted to reach RMB 1.25 trillion in 2020 as consumers shop for second-hand goods on online marketplaces.
TechNode spoke to the general manager at TusStar Ventures, which invested in second-hand marketplace Ponhu-Luxury in 2015.
NFT market is also bustling with new projects in China. That may come as a surprise for people familiar with China’s strict crypto policy.
Recent floods have washed away remote Sichuan bitcoin mines, but small wildcat miners were already getting washed away by Big Bitcoin.
Just two weeks after a crackdown on imported gaming consoles in Shenzhen, the grey market has mostly recovered to its semi-legal status quo.
The central bank’s DCEP project is about a lot more than a “mainstream” central bank digital currency, wrote one of China’s foremost financial figures.
Digital brokers see opportunities to help Chinese investors send their money abroad. But ambiguous regulations still create real doubts about the field.
Some suggest that problems of Huawei would disappear if China takes control of Taiwan. Cooler heads propose aggressive industrial policies.
Manufacturers create plug-in devices that underhandedly assist gamers, and they are hard for gaming firms to spot.
Luckin’s impending implosion has led to a lot of soul-searching with many questioning the environment that allowed Luckin to thrive.