The digital yuan is trialed again in Shenzhen, at ATMs and via a smart card. Crypto mining rig prices soared as Bitcoin hit the $41,000 mark.
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Posted inWith Chinese Characteristics
INSIGHTS | Markets, not floods, will drown bitcoin miners
Recent floods have washed away remote Sichuan bitcoin mines, but small wildcat miners were already getting washed away by Big Bitcoin.
Posted inWith Chinese Characteristics
Ant Group digital yuan tests, Iran’s Chinese miners: Blockheads
Ant Group employees can use the Alipay app for digital yuan transactions in select locations, including the Lujiazui district in Shanghai.
Posted inWith Chinese Characteristics
Grey market for console gaming imports rebounds after crackdown
Just two weeks after a crackdown on imported gaming consoles in Shenzhen, the grey market has mostly recovered to its semi-legal status quo.
Posted inWith Chinese Characteristics
CHINA VOICES | DCEP class is in session, with Zhou Xiaochuan
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.
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China will stop forced tech transfer: vice minister
Beijing is moving to stop forced tech transfer, but significant loopholes may remain.
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Briefing: European firms say forced tech transfers rising in China
The incidence of reported transfers was as high as 30% in chemical and petroleum industries.
Posted inHeavy Hitters
China opens anti-trust investigation against Ericsson as 5G race heats up
Chinese regulators are investigating complaints against Ericsson for breaking anti-trust rules in its licensing practices for 3G and 4G technology.
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SaaS is starting to sell Chinese companies on software: GGV’s Joshua Wu
It’s a great time to start a SaaS business in China, says VC principal Joshua Wu, but finding the right sales channels might be a challenge.
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China passes new cryptography law, laying ground for digital currency rollout
The newly approved law will take effect next year on Jan. 1.
