The People’s Bank of China (POBC) recently released pilot versions of digital yuan wallets for both Android and iOS smartphones, Reuters reported. Meanwhile, researchers from Cornell University and t...
Tag: China
China Launches Digital Yuan Pilot Wallet for Android and iOS Users
The People’s Bank of China (PBoC) has extended its pilot tests for the country’s Central Bank Digital Currency (CBDC) or digital Yuan to launch a new mobile wallet. As reported by Reuters Tuesday, th...
China Releases Digital Yuan Wallet Apps for Android and iOS Stores (Report)
The People’s Bank of China launched a pilot version of its digital yuan wallet application on mobile phone app stores. This is another effort marking the nation’s desire to be the first to develop its...
China Releases Digital Yuan Wallet as Bitcoin Crackdown Continues
In brief China is in the middle of piloting its e-CNY (electric Chinese yuan) network. This is the first public release of the e-CNY wallet. At the start of 2021, China dominated the Bitcoin mining in...
Macau Casino Licenses Expire First Time In 20 Years, China To Leverage This For Implementing Digital Yuan
Regulators of China plan to initiate experiments of using digital yuan in casinos in Macau, as casinos start to bid on new licenses. As per reports, the huge market of casinos estimates about 90% of t...
Tencent Sets Sail To Some Sea Shares
China Last Night KraneShares Key News Asia equities were largely higher as Japan, Australia, Taiwan, and India outperformed. The Hang Seng bounced around the room, managing a +0.06% gain as volume inc...
Peoples’ bank of China rolls out the pilot phase for digital Yuan
TL;DR Breakdown Earlier today, the PBoC announced the launch of the pilot phase of its e-CNY wallet applications on both IOS and Android phones. The wallet is only available for testing by elite insti...
China launches digital yuan wallet pilot for android and iOS
China has launched the digital wallet pilot for its digital yuan (e-CNY) on Andriod and iOS platforms. The latest development comes as the world awaits an official public launch for the country’s nati...
Tesla, Apple and the new China syndrome: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, January 4, 2021 Tesla’s biggest growth en...
China Evergrande says contracted sales dropped 38.7% in 2021
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande’s contracted sales plunged last year as...
Yuan sits at key support after strong China PMI data
The USD/CNY pair declined to a key support level on Tuesday after the strong Chinese economic data. The Chinese yuan is trading at 6.37 against the US dollar. It has risen by more than 11% from its lo...
Tesla Criticized For Opening Showroom In China’s Controversial Xinjiang Region
Topline Tesla opened an electric car showroom last week in China’s Xinjiang territory, a move criticized by a manufacturing group and a U.S. lawmaker, making Tesla the latest American company to face ...
Covid-19 Spread In China Hits Nike, Adidas Supplier; Billionaire Chairman’s Fortune Shrinks
Supply chain disruptions have challenged global suppliers and their customers during the Covid … [+] pandemic. Photographer: David Paul Morris/Bloomberg © 2021 Bloomberg Finance LP Shenzhou Inte...
Thailand Sees PoW Mining Surge As China Ban Lingers On
As the popular proverb saying goes, one man’s food is another man’s poison, the same can be said of crypto mining which is largely on the rise in Thailand amidst the persistent ban on related activiti...
Tesla Says It Delivered Record 936,172 Electric Vehicles In 2021
A Model Y electric hatchback recharging at a Tesla supercharger station at the European Energy Forum campus in Berlin. © 2021 Bloomberg Finance LP Tesla, the fastest-growing U.S. automaker, reported r...
Why Did China Ban Bitcoin Mining? Here Are The Seven Leading Theories
One of 2021’s biggest stories was the China ban on Bitcoin mining. On one hand, the news affected Bitcoin’s price and gave ammunition to the nay-sayers that think that governments will outlaw Bitcoin....
Jessica Wang Named CEO At Hong Kong Billionaire Vincent Lo’s Flagship Shui On Land
Shui On Land is the developer of Shanghai’s iconic Xintandi nightlife and commercial district. … [+] (Photo by Ryan Pyle/Corbis via Getty Images) Corbis via Getty Images Shui On Land, the ...
XPeng, NIO EV Shipments Climb In December As China Makers Cap Year Of Big Gains
He Xiaopeng, chairman of XPeng Motors, in 2018. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP China electric vehicle maker XPeng delivered 16,000 cars in December, an increase of 181%...
Apple Stays on Top for Phone Sales in China
Apple Inc. secured the top spot for phone sales in China for a second straight month in November, according to market research data, driven by the success of the iPhone 13 series. The Cupertino, Calif...
XPeng, NIO, Li Auto Report Big December Deliveries. That’s Good For Tesla.
Text size XPeng Motors at the Wuhan Motor Show on Oct. 21, 2021 in China. XPeng reported strong deliveries for December. Getty Images The three U.S.-listed Chinese electric vehicle makers started 2022...
China may be against cryptos, but here’s why one still needs to pay attention
China might be doubling and tripling down on its wide array of crypto bans, but it would be a huge mistake to conclude that the country is falling behind rivals in the race for crypto adoption. During...
Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus
Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: Tra...