Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET March 17, 2019

Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14. Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that […]

Chinese Tech Giant Baidu Launches Blockchain OS to Support DApp Development February 14, 2019

Chinese search engine and web services company Baidu has launched its Baidu Blockchain Engine (BBE), an operating system designed to facilitate decentralized application (DApp) development. The news was officially announced by Baidu’s cloud computing unit, Baidu Cloud, on Feb. 14. Baidu Cloud states that it considers an open source, commercialized platform to be “the only […]

Tencent Survey Reveals Chinese Economists Divided on Future of Blockchain, Crypto February 4, 2019

China’s economics experts fail to agree on the future of blockchain and digital currency, according to a survey from internet giant Tencent, cited by local news outlet Jiemian Feb. 1. Sent to 100 chief economists from banks, research institutions and universities, the survey was reportedly conducted by Tencent’s Financial Science and Technology Think Tank. Participants […]

Chinese Retail Giant JD.com Launches Blockchain Research Lab October 31, 2018

Chinese retail giant JD.com is further gaining a foothold in blockchain technology by launching a research lab for blockchain in partnership with two technology institutes, according to an announcement published Oct. 30. Jingdong Group (JD.com) is a leading Chinese e-commerce company, controlling roughly 30 percent of the business-to-consumer online market in China with 314 million […]

How a Chinese Crypto Hedge Fund Saw 60-Fold Returns With its Unorthodox Strategy August 3, 2018

Crypto hedge funds have become an increasingly common sight in this flowering industry, as investors seek alternative mediums to invest into crypto assets and their underlying technologies. FBG Capital, a crypto-centric fund based in China, has become one of the largest players in this expanding sub-industry, garnering support from an array of industry leaders. The […]

Blockstream Buys Mining Equipment From Chinese Manufacturer Innosilicon August 1, 2018

Mining Blockstream, one of the largest Bitcoin Core funding contributors, has evidently bought a lot of cryptocurrency mining equipment from the Chinese electronics hardware manufacturer Innosilicon. Does this mean that the company is setting up its own mining center? Also Read: Thomson Reuters Eikon to Display Data on 50 Cryptocurrencies From Cryptocompare Blockstream Buys Mining […]

Chinese Banking Giant Trials Blockchain to Issue Land-Backed Loans July 31, 2018

The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan backed by a piece of […]

Chinese Social Network Tianya is Launching a Native Cryptocurrency July 28, 2018

The Tianya Community in China, a social network of 130 million users that seeks to create the country’s most influential platform for content and knowledge creation, has announced a blockchain based initiative to rebuild its ecosystem. The new ecosystem will launch on Aug. 8 and will make use of a blockchain based token, TYT, according […]

$1 Billion Chinese Blockchain Fund Denies Report of Government Pull-Out July 27, 2018

A $1 billion Chinese blockchain fund launched in April has denied a report that local government will pull out its originally planned funding support following a recently leaked recording involving a former partner of the fund. A news report from China Business Journal on Thursday said the Hangzhou city government has required Xiong’An (or Grandshores) Blockchain […]

Major Chinese Social Network Tianya to Launch Native Cryptocurrency Token July 26, 2018

One of China’s top twenty-five websites, social network Tianya Club, announced it was releasing an internal blockchain-based token July 25. In a blog post, Tianya said its 90 bln Tianyan Tokens (TYT) would function as a kind of rewards system and run in parallel to its existing Tianya Diamond token, which is not cryptographic.  Provided […]

Chinese Influencers Call for Blockchain to Solve Food and Drug Safety Problem July 26, 2018

As the Chinese population experience a food and drug safety crisis, with the latest scandal being a fraudulent rabies vaccine for babies, leading technology experts are confident that the blockchain could solve problems related to lack of transparency in China’s food and drug industries. Decentralized Supply Chain May End Food and Drug Safety Scandals in […]

Chinese Research Institute Report Finds Blockchain Can Enhance Financial Services July 25, 2018

A Chinese scientific research institute and value-added Internet service provider Tencent Holdings have jointly released a July 24 report emphasizing the impact of blockchain on the transformation of traditional financial services. The Academy of Information and Communications Technology, a scientific research institute under China’s Ministry of Industry and Information Technology (MIIT), and China’s Tencent Holdings’ […]

Chinese City of Nanjing Launches $1.5 Billion Fund for Local Blockchain Projects July 23, 2018

Nanjing, the capital of China’s Jiangsu province, has launched a 10 billion yuan ($1.48 billion) investment fund for blockchain development, ZDNet reports July 23. Nanjing unveiled the major new fund at the inaugural Industrial Public Chain Summit (IPCS), together with the Zhongguancun Blockchain Industry Alliance –– a Beijing-based alliance of enterprises and government research institutes. […]

Chinese Region to Shut Down 'Illegal' Bitcoin Miners By September July 23, 2018

China’s Xinjiang Uyghur autonomous region is set to eliminate “illegal” bitcoin mining operations by the end of August, a government agency has confirmed to CoinDesk. Rumors first emerged online over the weekend after the leak of a government notice issued by Xinjiang’s Economic and Information Commission (EIC) indicating the authority was demanding that local utility companies […]

Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects July 23, 2018

Nanjing, Jiangsu’s capital, is committed to investing in public blockchain projects and overall token economy. The capital of this Chinese province put together a 10 billion yuan ($1.5 billion) fund in a blockchain investment fund. A Beijing-based alliance, Zhongguancun Blockchain Industry Alliance, is teaming up with Nanjing City to launch this blockchain investment fund of […]

Bitcoin Mining Firms Make Chinese Unicorns List for First Time July 18, 2018

Three bitcoin mining companies have joined a list of “unicorns” – private companies valued at over $1 billion – for the first time. The Shanghai-based Hurun Research Institute published its Q2 Unicorn Index for the Greater China region on Wednesday, which notably included the names of several major bitcoin mining firms: Bitmain, Canaan Creative and Ebang. […]