In a bid to attract more users to its one-year-old digital wallet, the People’s Bank of China (PBoC) has added an electronic version of traditional red packets to the features of the China wallet appl...
Tag: Chinas
China’s first national NFT marketplace set to launch next week
China plans to create its first regulated market for non-fungible trading tokens (NFTs) on Jan. 1, 2023. According to a Dec. 28 Sina News story, the new NFT platform was developed by the state-owned C...
China’s first national NFT marketplace to launch next week: Report
According to a report published by local news outlet Sina News on Dec 28, China will launch its first regulated platform for nonfungible token (NFT) trading on Jan. 1, 2023. The entity, which acts as ...
China’s CBDC Introduces Red Packet Feature for the Lunar New Year 2023
42 mins ago | 2 mins read Market News China CBDC to launch new red packet feature for Chinese new year 2023. The e-CNY wallets are upgraded for users to send hongbao digitally. Introducing such a fe...
China’s CBDC wallet resorts to ages-old tradition to boost adoption
China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new us...
XANA joins forces with China’s leading art school
XANA teamed forces with Meishun Yuanjie Co, which is China’s premier art school. The goal and idea of this occurrence was to create the Experimental Base for the Metaverse Application Scene. In turn, ...
Gold Rises on China’s Covid Shift, Signs of Cooler US Inflation
(Bloomberg) — Gold rose — trading above $1,800 an ounce — as China swept away more of its Covid-19 controls, piling pressure on the dollar as risk assets gained. Most Read from Bloomberg China w...
China’s Space Rockets Fuel Danger In Philippines And Worldwide
A Long March 5B rocket, carrying China’s Mengtian science module, the final module of Tiangong space … [+] station, lifts off from the Wenchang Space Launch Centre in southern China’...
China’s Reopening Signals Return Of Bull Market
TOPSHOT – People sing slogans while gathering on a street in Shanghai on November 27, 2022, where … [+] protests against China’s zero-Covid policy took place the night before followi...
China’s Economy Is Showing Increasing Strain From the Covid Tsunami
(Bloomberg) — China’s economy continued to slow in December as the massive Covid-19 outbreak spread across the country, with activity slumping as more people stay home to try and avoid getting s...
China’s Abrupt Covid Shift Hits Supply Chains From Solar to Coal
(Bloomberg) — China’s reopening is disrupting energy markets as the abrupt shift from Covid Zero shutters industry and upends the usual flow of commodities. Most Read from Bloomberg A dramatic s...
China’s economy looks different than it was going into the pandemic
The central China city of Taiyuan saw its GDP grow by 10.9% year-on-year in the first three quarters of 2022. Pictured here is a screen displaying details of a new factory in the city. Vcg | Visual Ch...
California And China’s Secret Weapon On Transportation Electrification
Car market heavyweights China and California are leading the world’s transition to electric vehicles (EVs), and their ambition will have an outsized impact on transportation electrification due to the...
China’s New Iron Ore Buyer Sets Off Biggest Shakeup in Years
(Bloomberg) — China is about to upend the $160 billion iron ore trade with the biggest change in years as Beijing expands efforts to increase control over the natural resources needed to feed it...
China’s sudden ‘reopening’ reveals new economic challenges
People line up outside a fever clinic in Beijing on Dec. 14, 2022, just days after the country relaxed its Covid controls amid below-freezing weather in the capital city. Yuxuan Zhang | Afp | Getty Im...
China’s Digital Yuan Will be Available in the AliPay Digital Wallet
In a push to China’s digital currency e-CNY, AliPay has integrated the Digital Yuan to facilitate express payments on all of the e-commerce websites run by the Alibaba Group Holding, including Taobao ...
China’s Zero-Covid Exit And The Potential For 2023 Supply Chain Disruptions
Shuttle buses have been arranged by local authorities to facilitate the return trips of Foxconn … [+] factory workers to their hometowns after COVID-19 infections were reported in the city Zheng...
China’s Covid Protests Highlight The Grievances Of Its Angst Generation
People display blank sheets of paper as a means of protesting against China’s harsh Covid … [+] restrictions in Shanghai. HECTOR RETAMAL/AFP via Getty Images Chinese President Xi Jinping h...
China’s regulator sees FTX’s bankruptcy as a reason for tighter regulation
The China Securities Regulatory Commission (CSRC) believes FTX’s bankruptcy filing had far-reaching ramifications for the broader cryptocurrency ecology and showed the need to enact more stringent reg...
China’s Zero-Covid Policy Succeeded—Until It Didn’t. Here’s What Went Wrong And What Experts Think Could Happen Next.
Topline China announced it was relaxing some of its strictest Covid restrictions on Wednesday, a major policy shift that suggests Beijing is preparing to abandon its zero-Covid strategy in favor of le...
Warren Buffett ‘Loves’ China’s BYD Despite Selldown, EV Executive Says
(Bloomberg) — Warren Buffett “loves” China’s biggest electric-vehicle maker BYD Co. and isn’t abandoning it, a senior executive from the company said, despite the legendary investor’s Berkshire ...
China’s Reopening Rally May Be Smoother Than Actual Covid Exit
(Bloomberg) — While China’s emergence from almost three years of pandemic isolation is paved with uncertainty, technical charts signal Chinese stocks may enjoy some smooth gains as the economy r...
China’s Covid lockdowns are having a lessening impact on its economy
Pictured here are locals on a subway in Zhengzhou city, Henan province, on Dec. 5, 2022, after the municipality said negative nucleic acid test results are no longer needed to ride public transportati...
China’s Worst Reported Month Of Covid Was Nothing Compared To The United States
Topline Protests against China’s strict zero-Covid restrictions and harsh lockdowns erupted in cities across the country this week as official infections soared to record levels—the accuracy of govern...
Nickel Products Trader Becomes China’s Latest Billionaire
The Hong Kong Stock Exchange in July 2022. Photographer: Paul Yeung/Bloomberg © 2022 Bloomberg Finance LP Today’s listing at the Hong Kong Stock Exchange by Lygend Resources & Technology, China’s ...
In China’s Slumping Economy, Pinduoduo’s Reclusive Billionaire Founder Has Managed To Gain $15 Billion
Colin Huang, founder of Pinduoduo. Qilai Shen/Bloomberg China’s economic headwinds and a sweeping crackdown on private enterprises have battered the fortunes of many tech billionaires, but one mogul h...
Bitcoin Price Could Plunge Below $16,000 Due To China’s Civil Uproar
Bitcoin, after falling down to around $15,600 on November 22, has managed to climb back up to the $16,000 region thanks to the bulls that exerted every ounce of effort to pull the maiden crypto from s...
China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more
China’s COVID-19 protests cemented as NFTs Nonfungible tokens (NFTs) depicting the ongoing protests in China against the country’s tough zero-tolerance COVID-19 policy have found their way to the NFT ...
China’s Covid infections drop for the first time in more than a week
Covid control workers disinfect an area in Beijing on Monday, Nov. 28, 2022, where a day earlier locals had gathered to protest stringent Covid measures. Kevin Frayer | Getty Images News | Getty Image...
China’s civil unrest could push Bitcoin below $16,000
Bitcoin (BTC) bulls have managed to stabilize the asset’s price above $16,000, extending its consolidation around the level. Notably, Bitcoin’s prospects to rally have been held up by the coronavirus ...
After Stocks & Oil, Will China’s Protests Impact Crypto Markets?
On Monday, there was a widespread decline in the price of stocks and commodities as a result of unprecedented protests in key Chinese cities over the country’s stringent zero-COVID limits. These prote...