The company acquired less than 1% stake in the firm for a total consideration of RMB 0.1 billion ($14.2 million). ・MOGU earlier had allocated $20 million of its corporate assets to digital currencies.
Tagged By beijing
Pakistan-China Business Forum Opens Sub-Branch in Hangzhou
The Sub-branch of the Pakistan-China Business Forum (PCBF) was recently inaugurated in Hangzhou, Zhejiang province, marking a step …
China to start paying interest on digital yuan holdings from January – report
The PBOC’s initiative is expected to reshape both the legal and technical structure supporting the digital yuan.
China to let banks pay interest on digital yuan wallets from January 2026
China’s central bank is rolling out a new framework for the digital yuan that will allow commercial banks to pay interest on e-CNY wallet balances starting Jan. 1, 2026, a move officials say will push…
Top diplomats of China, Cambodia and Thailand meet as Beijing seeks role in dispute
Foreign ministers from Cambodia and Thailand have convened with their Chinese counterpart to discuss the border dispute between the two Southeast Asian countries …
Why China is holding military drills around Taiwan — and the history behind it
China’s decision to bring serious firepower to bear for military drills in the waters off Taiwan this week has deep roots both in the past several weeks and the past several decades.
China announces war games around Taiwan after hitting out at major US arms deal
China’s military announced Monday it was mobilizing army, navy, air and rocket units around Taiwan for “major military drills” aimed at sending a “serious warning” against any push for Taiwanese …
Shenzhen Investment Holdings Bay Area awards RMB775 million Luogang Interchange contract to connected contractor
Shenzhen Investment Holdings Bay Area Development Company ( ($HK:0737) ) has provided an announcement. Shenzhen Investment Holdings Bay Area …
China’s November net gold imports via Hong Kong more than doubled from October
China’s net gold imports via Hong Kong in November rose by 101.5% from October, Hong Kong Census and Statistics Department data showed on Monday. WHY IT’S IMPORTANT As the world’s leading gold …
China lowers import duties for 935 products in 2026, including recycled battery powder and medical supplies
China announced on Monday tariff adjustments for some products beginning next year, including lowering the import duties on resource-based …
Top diplomats of China, Cambodia and Thailand meet as Beijing seeks a stronger role in dispute
Foreign ministers from Cambodia and Thailand convened with their Chinese counterpart on Monday as the Beijing government, building on its expanding presence in global diplomacy, sought to play a …
China to lower import tariffs on some products beginning 2026
BEIJING, Dec 29 (Reuters) – China announced on Monday tariff adjustments for some products beginning next year, including lowering the import duties on resource-based commodities such as recycled …
Breaking: China’s PBOC Reveals Action Plan to Boost Digital Yuan Adoption From 2026
China’s central bank has set a 2026 rollout timeline for digital yuan infrastructure, signaling faster CBDC adoption and tighter oversight in the country.
