While trading digital collectibles has been popular amongst Chinese collectors through heavily regulated marketplaces, this is the country’s first official foray into NFTs.
Tagged By business
‘Avatar’ sequel eclipses $1 billion at global box office, even with Covid weighing on China business
The Way of Water” has passed the billion-dollar mark at the global box office, but sluggish sales in China could weigh on the film’s final haul. Worldwide ticket sales for the Disney film now stand…
UPDATE 2-China-exposed miners, banks push UK’s FTSE 100 higher
London’s internationally focussed FTSE 100 gained on Wednesday as China’s dismantling of COVID-19 restrictions pushed miners and banks higher, while the index still remained cautious of surging COVID …
Chinese Exports Controls Overdue: Implementation and Oversight is Key
China is a near-peer – if not slightly ahead of – the United States in applied technologies such as artificial intelligence (AI) and supercomputers, which require advanced semiconductor chips. The …
China to import video games, Tencent gets licenses
STORY: China granted publishing licenses to 45 foreign games on Wednesday ().It is the latest move to lift strict restrictions that have hit China’s gaming industry over the last 18 months.The country …
Top Developments in Blockchain in 2022
In September, the IMF released a report stating that ‘more than half of the world’s central banks are exploring or developing digital currencies’ …
Chinese IPOs Ready for a Roaring 2023
Global IPOs fell 44% year-over-year in the first three quarters of 2022, according to consultancy firm Ernst & Young (EY). Narrowing our focus, we saw that Chinese companies could only raise $536 …
Argo Blockchain Divests Mining Facility Helios For $65M As It Battles Bankruptcy Concerns
Argo Blockchain Plc (NASDAQ: ARBK) subsidiary agreed to sell its Helios facility and real property in Dickens County, Texas, and related assets to Galaxy Digital Holdings, Ltd for $65 million (£54 …
China’s Newly Relaxed Covid Restrictions Are Causing Luxury Shares to Rise
China is finally starting to walk back its zero-Covid policy—and that’s having some beneficial effects on the luxury industry. After the country announced that it would no longer require incoming …
China’s EV Market Will Slow in 2023. That Still Leaves It Ahead.
Expiring subsidies will weigh on electric-vehicle sales, but China’s strength in EVs will prove durable.
China’s business mood shows post-Covid economic recovery has a long way to go
A quarterly survey by China’s central bank shows that business confidence and activity in the world’s No 2 economy are weak, while economists warn mounting external challenges could derail a full …
China to import 45 foreign video games, grants multiple licences to Tencent
China’s video games regulator granted on Wednesday publishing licences to 45 foreign games for release in the country，further lifting rigid curbs that have hammered the industry for 18 months.
China Pushes CBDC as ‘Good Luck’ Gifts Ahead of New Year Celebrations
Considered as a symbol of ‘good luck’, the ‘red packets’ — also called the ‘Hongbao’ — are used for presenting people with money as a gesture of luck.
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