An internal struggle at China’s Bitcoin mining company Bitmain has intensified as co-founders got into a physical confrontation over possession of the company’s registration license.
TikTok owner ByteDance announced a joint venture with Shanghai Dongfang Newspaper, a state-owned media group and the operator of a popular local news outlet The Paper.cn.
On November 27, 2019, Alipay and Finablr announced a global partnership to provide cross-border remittance services.
It is reported that Canaan has set the issuing price at the lower end of the price range, raising a total of $90 million.
As the number of urban factory workers in Fujian is dwindling, having fallen 22% between 2012 and 2016, the region is faced by the daunting challenge of repositioning itself on the industry specialization spectrum.
IDC released a report on November 4 on China’s blockchain spending, forecasting that China’s spending on blockchain technology will reach $2 billion by 2023, which represents a CAGR of 65.7%.
It was reported that Bitmain had secretly submitted listing applications to the U.S. Securities and Exchange Commission (SEC), and the underwriter was Deutsche Bank.
Canaan, a Hangzhou-based company that produces Bitcoin mining machines, has filed for an IPO on the NASDAQ under the ticker symbol “CAN” and is seeking to raise up to $400 million in capital.
Huang Qifan, vice chairman of CCIEE, firmly holds that China's central bank is close to developing its blockchain-based financial technology and will be the first to officially roll out a usable digital currency.
The Chinese government announced last Thursday that it will be ramping up efforts to promote the research and development (R&D) of blockchain technology.
David Marcus, the executive leading Facebook’s Libra initiative, told Bloomberg News that the United States risks ceding ground to China in the global battle for digital payments primacy.
Mu Changchun, deputy director of the PBOC’s payments department, said at an event held by China Finance 40 Forum over the weekend that the bank’s own cryptocurrency is “close to being out.”
The United States and China have different approaches to regulating this technology - Blockchain.
Cryptocurrency platform Tron Foundation, announced on July 23 in a Twitter post that its founder and CEO Justin Sun is postponing the Warren Buffett Lunch and press conferences.
Cryptocurrency entrepreneur Justin Sun bid a record $4.57 million for lunch with the legendary American investor Warren Buffet.