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.
Recent floods have washed away remote Sichuan bitcoin mines, but small wildcat miners were already getting washed away by Big Bitcoin.
Ant Group employees can use the Alipay app for digital yuan transactions in select locations, including the Lujiazui district in Shanghai.
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.
Beijing is moving to stop forced tech transfer, but significant loopholes may remain.
The incidence of reported transfers was as high as 30% in chemical and petroleum industries.
Chinese regulators are investigating complaints against Ericsson for breaking anti-trust rules in its licensing practices for 3G and 4G technology.
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.
The newly approved law will take effect next year on Jan. 1.