Up to 87 percent of Dogecoin mining is done by Chinese-affiliated companies or is mined in China outright, Crypto New Media reported. Comparatively, Bitcoin does...
In today’s top news, China’s digital yuan trials have been expanded to Alipay users, and the U.S. Department of Justice is investigating how several FinTechs, such as...
Ant Group and China’s state-owned online bank MYbank are expanding the trial of the digital yuan to more people, with a tool added for Alipay...
ByteDance, which brought TikTok to the world, is adding thousands of employees as part of a plan to challenge Alibaba in eCommerce, Bloomberg reported. Among...
Post-pandemic demand last month initially spurred a double-digit increase in trade between the U.S. and China, but consumers’ appetites are showing signs of slowing down,...
Snowball Finance Beijing Internet Information Technology Co., an online financial information and social network portal backed by Ant Group, is looking into a $300 million...
Jack Ma’s Ant Group is in talks with regulators in China to revive its crowdfunded medical coverage unit, Xiang Hu Bao, and develop it into...
Tencent Holdings will be hit with a big antitrust penalty in China, but it’s not likely to be as much as Alibaba’s record $2.75 billion...
Chinese regulators are handing down new laws that will restrict the finance operations of some of the country’s biggest technology firms, Bloomberg reported on Thursday (April...