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
Taobao removes Animal Crossing listings from its marketplace
The removal of Animal Crossing came just days after reports that Hong Kong protestors posted anti-government posters on the game’s simulator.
Posted inUp and Comers
Used car platform Uxin shares plunge after report urges ‘race to the exits’
Its stock price closed at almost one-tenth the value of its $10.49 peak price in December.
Posted inWith Chinese Characteristics
China Internet Report 2018: Chinese internet giants are expanding and so is government regulation
China’s internet industry is one of the most active across the globe and as a new report by Abacus, 500 startups, and South China Morning Post shows just why. The China Internet Report 2018 shows that China tech trinity Baidu, Tencent, and Alibaba, collectively known as “BAT”, are expanding their businesses to every corner, ranging from […]
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
China will stop forced tech transfer: vice minister
Beijing is moving to stop forced tech transfer, but significant loopholes may remain.
Posted inWith Chinese Characteristics
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.
Posted inWith Chinese Characteristics
China passes new cryptography law, laying ground for digital currency rollout
The newly approved law will take effect next year on Jan. 1.
Posted inWith Chinese Characteristics
China’s biggest streaming site to bring patriotic education to the countryside
iQiyi is bringing cultural treasures such as Wolf Warrior known as China’s Rambo to disadvantaged areas.
