The blockchain IoT market is projected to be valued at USD 3,021 million by 2024 from USD 113.1 million in 2019; it is expected to grow at a CAGR of 92.92%. Major factors driving the…
BUSINESS
HIVE Blockchain Expands Bitcoin Mining Capacity by 36% With Purchase of 6,000 Next Generation Miners to Increase Future Operations to 1,673 PH/s
HIVE Blockchain Technologies Ltd. (the “Company” or “HIVE”) is excited to announce that it has made a large step towards its updated 2021 ASIC capacity goal of 2,000 Petahash per second (PH/s) with … (…
Chinese companies pivot to crypto, exchange network outage: Blockheads
Digital yuan trials will soon include Tencent and Ant Group’s licensed banks. Chinese companies are pivoting to crypto. Geely sets its eyes on blockchain. ( read original story …)
What Would Colonel Sanders Say? Tea Eggs, Economic Rebound Help To Feed Growth At Yum China
Morgan Stanley predicts China’s GDP will grow as much as 9% this year compared with 2.3% in 2020, helping consumer spending. ( read original story …)
IoT and Blockchain Market Is Going to Boom with IBM, Microsoft, Intel
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business … ( read original story …)
Huawei Unveils Flagship Foldable Smartphone for China Market
Struggling under U.S. sanctions, Chinese tech giant Huawei has unveiled a new flagship foldable smartphone but says it will only be sold in China. ( read original story …)
How China Copied South Korea All Wrong
Chinese conglomerates admire the corporate model developed by their neighbor but it does not work in a superpower addicted to opaque governance and hobbled by regulatory loopholes. ( read original story …)
Will Europe and China’s Investment Agreement Amount to Anything?
The European Union and China finally reached a deal on a Comprehensive Agreement on Investment — after more than seven years of negotiations. ( read original story …)
The closure of ports in China has created serious problems for the Russian fishing business
The Russian fishing business may change sales markets if China does not open ports, writes TASS. The work of Russian fish trading companies is largely dependent on the resumption of supplies to China. ( read…
Multibillion-dollar investment in the next five years in China’s 5G to empower business and traditional manufacturing
This comes after China became the world’s largest 5G market, while being the first one to effectively contain the COVID-19 outbreak. A multibillion-dollar investment in China’s 5G is expected in the … ( read original…
Genocide Vote Pressures Trudeau to Take Harder Line on China
Canada’s legislature passed a motion designating China’s actions against its Uighur Muslim minority as genocide, increasing pressure on Prime Minister Justin Trudeau to toughen his approach to Beijing … ( read original story …)
Kill Chicken Scare Monkey (杀鸡儆猴) – Beijing’s Philosophy Of Regulation Won’t Work
A “Kill Chicken Scare Monkey” policy is strategically ineffective for achieving China’s larger ambitions. Fear will not inspire the sort of entrepreneurship China needs to cultivate. It will suppress … ( read original story …)
Chinese lottery firm expands its crypto presence
Lottery companies are certainly keeping up with the times in China, and one of the best examples of this comes from 500.com and its acquisition of BTC.com. 500.com is one of the biggest Chinese sports…
