Tag Archives: Chinas

China has unveiled plans for a blockchain infrastructure project aimed at bolstering trade and economic ties across continents. The initiative, dubbed the “Ultra-Large Scale Blockchain Infrastructure Platform,” is poised to play a pivotal role in powering the Belt and Road Initiative, China’s ambitious global trade network. China Taps Blockchain For …

Steven Nerayoff, a former advisor to Ethereum, has publicly voiced concerns about the Chinese Communist Party’s (CCP) alleged dominance over the ETH blockchain. His comments, made on X (formerly Twitter), echo the investigative findings of TruthLabs, an on-chain sleuth. According to TruthLabs, the CCP is speculated to control approximately 66.6% …

China’s cryptocurrency trading and mining ban hasn’t deterred local investors from flocking to the crypto market. In defiance of the ban, these investors turn to digital assets to escape the economic downturn plaguing traditional investments, such as stocks and real estate.  According to a Reuters report, Chinese individuals are finding …

In the article, Hayes presented a unique perspective on centralization, branding himself, and even Changpeng ‘CZ’ Zhao, the former CEO of Binance, as sinners in the eyes of “Lord Satoshi”. In his recent article, “Panda Power”, Arthur Hayes, a prominent crypto expert and BitMEX co-founder provided a unique perspective on …

Chinese director Ning Hao has flown directly from Busan film festival in South Korea to China’s Pingyao International Film Festival (PYIFF) with his latest film, The Movie Emperor, starring Andy Lau.  After premiering in Toronto, the satirical comedy played as the closing film in Busan; one of two ‘Pingyao Surprise’ …

Didi was initially listed on the New York Stock Exchange but then it was compelled to delist due to regulatory issues in China. Chinese ride-hailing giant, Didi Global Inc (NYSE: DIDI) is reportedly making strategic moves in preparation for its upcoming Initial Public Offering (IPO) on the Hong Kong Stock …

This strategic investment, totaling around $65 million, translates to approximately 0.01 percentage point in each bank. The impact on the market was immediate and substantial, with shares of these major banks soaring between 2.43% and 4.73% in the early hours of Thursday. China’s sovereign wealth fund, Central Huijin Investment Ltd, …

China’s Pingyao International Film Festival has announced the line-up for its seventh edition (October 11-18), which will open with Wei Shujun’s Only The River Flows and close with the world premiere of Fei Yu’s Football On The Roof.  Wei’s 1990s-set noir thriller, which premiered in Un Certain Regard at this …

In addition to exploring the Chinese market, Lucid is actively expanding its production capacity at its Arizona factory and preparing to launch its new SUV model called the Gravity. Lucid Motors, a prominent US electric car manufacturer, is actively considering entering the highly competitive electric vehicle (EV) market in China, …

Evergrande has seen an impressive spike in shares even though both the HSI and the property sector in China are still struggling. Chinese property developer Evergrande saw its shares jump 82% on Wednesday, outperforming other publicly listed companies on the Hang Seng Index (HSI). Evergrande shares closed at HK$0.640 after …

Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court. Evergrande Group, the Chinese second-largest property developer, has filed for Chapter 15 bankruptcy protection in the Manhattan bankruptcy court. The application would allow Evergrande to protect its assets in the US while …

The global rice market is experiencing a significant upheaval as prices soar to their highest levels in nearly 12 years. The global rice market is currently on the brink of further strain as China, the world’s largest rice producer, grapples with heavy rain and flood risks in its grain-producing north-eastern …