45 h. ago Mainland digital yuan partner signs deal to develop stablecoin tech in Hong Kong

A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with a Hong Kong firm to tap stablecoin and virtual asset business opportunities, in the latest sign of mainland interest in the city’s recent moves to license cryptocurrency issuers. Shenzhen-listed North King Information Technology said on Wednesday that it had struck a deal with Hong Kong-listed GoFintech Quantum Innovation to develop infrastructure to...

Politics

45 h. ago Mainland Chinese digital yuan partner to develop stablecoin tech in Hong Kong

A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with a Hong Kong firm to tap stablecoin and virtual asset business opportunities, in the latest sign of mainland interest in the city’s recent moves to license cryptocurrency issuers. Shenzhen-listed North King Information Technology said on Wednesday that it had struck a deal with Hong Kong-listed GoFintech Quantum Innovation to develop infrastructure to...

Politics

49 h. ago Chinese tech firms are gaining fast on Silicon Valley in AI race: report

Chinese tech firms are gaining fast on Silicon Valley in AI race: report  New York Post

Economics

7 d. ago Chinese firm Dobot develops robotic arm capable of lifting 30kg at record speed

Chinese robotics company Shenzhen Dobot has developed a new product that can deliver a high payload at record speed. The CR 30H series, consisting of three models, is a six-axis robotic arm that can lift as much as 30 kilograms at speeds of 300 degrees per second, the fastest in the industry for such a payload, according to a company statement on Friday. In addition, the machine is able to remain stable, with a vibration range of less than 0.3 millimeters under a full load, allowing it to...

Politics

9 d. ago Beijing vows retaliation after Taiwan blacklists Chinese tech firms, including Huawei (TSM:NYSE)

Beijing vows retaliation after Taiwan blacklists Chinese tech firms, including Huawei (TSM:NYSE)  Seeking Alpha

Politics

3 w. ago China’s Ant International to seek stablecoin licence in Hong Kong

Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International said in a statement on Thursday. “We plan to apply for the fiat-referenced stablecoins issuer’s...

Politics

3 w. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics