Some parts of China have officially promoted metaverse development plans. Pictured here is a metaverse exhibition area at an annual services trade expo in Beijing on Sept. 1, 2022. China News Service ...
Tag: China
China to go tough on NFT copyright infringements
Join Our Telegram channel to stay up to date on breaking news coverage The Chinese Government has commenced a full-scale manhunt to tame individuals who use people’s works of art to create their digit...
Can China eliminate copyright infringement in its NFT sector? 1
China has released an announcement stating that authorities in the country will now be going after NFT makers with unauthorized works. This comes after the authorities discovered that most traders are...
China to Crack Down on Copyright Infringement Through NFTs – Bitcoin News
Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to comba...
BYD’s Thailand Factory Plan Underscores How China’s EV Industry Is Going Global
Warren Buffett-backed BYD was the world’s top maker of electric vehicles in the first half of 2022. … [+] Photographer: Kiyoshi Ota/Bloomberg © 2022 Bloomberg Finance LP Wednesday’s annou...
China Cracks Down on Digital Media Piracy Including NFTs
NFT News The announcement states that the agency would begin ‘Jianwang 2022’ initiative. According to the NCAC, it is a priority to increase its monitoring of the NFT sector in China. NFTs are an inte...
Tesla Stock: Company Considers Texas Lithium Refinery, As China Controls Global Capacity
Tesla (TSLA) is eyeing the prospect of building a lithium processing facility in Texas, as the company looks to take more control over key manufacturing components amid rising prices. Tesla stock was ...
Bates Gill Named To China Post At Asia Society Amid Rise In Great Power Competition
Asia Society CEO Kevin Rudd, pictured in 2010, welcomed Gill’s appointment at a time of growing … [+] great power competition. (Photo by Alan Porritt-Pool/Getty Images) Getty Images Long-t...
Property Markets Rebound And Tencent Continues Buybacks, Week In Review
China Last Night KraneShares Week in Review Asian equities had a mixed week as the Hang Seng and Hang Seng Tech had a down week following further China lockdowns, however, Mainland markets were positi...
China Central Bank Queries Smart Contracts Functionality in CBDCs – crypto.news
On September 1, 2022, the 2022 China International Fair for Trade in Services took place alongside the 2022 China International Finance Annual Forum. At the conference, Changchun Mu, the head of the P...
Hongkong Land CEO Steers Century-Old Property Firm To Biggest-Ever Bets On Mainland China
The mainland’s property crisis hasn’t deterred Robert Wong. The chief of the 133-year-old business says now is the time to be brave. At a time when few dare to invest in China’s beleaguered property m...
Prosus Selling Weighs On Tencent Despite Buybacks
China Last Night KraneShares Key News Asian equities cheered the US dollar’s fall as it approached big psychological numbers such as China’s CNY at 7 and the Japanese Yen nearing 150. Pure speculation...
China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product
According to the China Financial Association, the Digital Currency Research Institute of the People’s Bank of China has launched a digital renminbi smart contract prepaid fund management product...
Legendary China Bets Unwind as Buffett, SoftBank, Naspers Sell
(Bloomberg) — For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co. Most Read from Bloo...
China Overtakes US With $306 Billion Corporate Credit Boom
(Bloomberg) — China has surged ahead of the US for corporate bond deals in its yuan credit market in recent months, a rare shift that highlights the deepening impact of the two countries’ diverg...
Mainland Market Gets Its Growth Stock On
China Last Night KraneShares Key News Asian equities had an off day except for China, Malaysia, and Thailand as the Asian currency index posted another 52-week low versus the US dollar. Today was anot...
Putin Warns He’ll Freeze Energy Supplies To The West If Price Caps Are Imposed
Topline Russian President Vladimir Putin on Wednesday doubled down on threats to cut off all energy supplies to Western countries if they impose price caps on its oil and gas exports, ratcheting tensi...
Billionaire Power Couple Steps Down From Leadership At Soho China
Zhang Xin, right, speaks as Pan Shiyi looks on during a news conference in Hong Kong in 2016. … [+] Photographer: Anthony Kwan/Bloomberg © 2016 Bloomberg Finance LP Soho China, one of China’s la...
China Billionaire Guo Guangchang’s Flagship Fosun Int’l Plunges To Nine-Year Low As Tourism Stake Cut
China billionaire Guo Guangchang’s Fosun International controls money-losing Fosun Tourism, the … [+] owner of Club Med and other luxury tourism brands. (Photo by Chesnot/Getty Images) Get...
Mainland Rises On PBOC’s Currency Intervention
China Last Night KraneShares Key News Asian equities had a mixed night on light volumes following an off day yesterday. Media headlines are more negative than usual as COVID lockdowns in Chengdu and n...
China Remains a Big Player in Crypto Mining
Despite what appears to be an ongoing hatred for bitcoin and endless attempts to rid itself of the world’s number one digital currency by market cap, China still holds a rather strong position in the ...
Gasoline Prices Should Keep Falling Unless This Happens
Gasoline prices are expected to continue their downward trend during Labor Day weekend as consumers are still receiving a reprieve. Crude oil prices declined on Sept. 2 to $86.97 a barrel on ongoing f...
Binance CEO Denies Claims Linking Exchange to China – crypto.news
Changpeng “CZ” Zhao, the CEO of Binance, has hit back at critics and conspiracy theorists who claim that Binance is a “criminal entity” with Chinese roots that “secretly [belongs] in the pocket of the...
Nvidia and AMD Stock Tumble as U.S. Limits Exports to China
Text size Nvidia’s A100 chips are used in data centers for high-performance applications such as artificial intelligence. Courtesy NVIDIA Nvidia can’t catch a break. Late Wednesday, the chip mak...
Binance’s CZ refutes allegations of company’s ties to China, LUNA Classic pumps 2,400%
The biggest news in the cryptoverse for Sept. 2 includes CZ saying that Binance is not incorporated in China, Cardano’s Vasil upgrade scheduled for Sept. 22 and U.S. regulators proposing amendments fo...
Tencent Denies Financial Times Divestment Article, Week In Review
China Last Night KraneShares Week in Review Asian equities had a mixed week as US dollar strength and Fed Chair Powell’s hawkish comments from Jackson Hole weighed on local currencies in the region, a...
Obscure China Stock Plunges 95% After Mystery 13,000% Rally
(Bloomberg) — A frenzied rally in the shares of a little-known Chinese garment manufacturer, which drew comparisons to the wild surges seen by AMTD Digital Inc. and Magic Empire Global Ltd., has...
US Deals Heavy Blow to China Tech Ambitions With Nvidia Chip Ban
(Bloomberg) — The US government’s new restrictions on the ability of Nvidia Corp. to sell artificial intelligence chips to Chinese customers threatens to deal a heavy blow to the country’s devel...