China


Policy

Jack Ma’s Ant Group Agrees to Restructure After Pressure From China’s Regulators: Report

Regulators have been clamping down on Ant Group, even cancelling its expected $35 billion twin IPO late last year.

Ant Group and Alibaba founder Jack Ma

Policy

Why a GameStop-Inspired Mania Is Unlikely in China’s Stock Market

It would be logistically challenging for Chinese retail investors to organize a short-selling campaign, especially with the authorities watching.

GameStop's 900% gain (and the wipeout of Wall Street shareholders) is the talk of financial markets from stocks to crypto.

Markets

China's 500.com to Purchase Another $8.5M Worth of Bitcoin Miners

The NYSE-listed lottery firm may also acquire another 10,000 miners this year.

Cryptocurrency mining machines

Markets

After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next

For Chinese investors, including Justin Sun, FOMO has surpassed fear of losing money.

Justin Sun speaks at Consensus (CoinDesk Archives)

Tech

Geopolitics at Stake in US Response to China's Digital Yuan: Report

From privacy to political power, China’s digital yuan will have far-reaching implications.

nuno-alberto-MykFFC5zolE-unsplash

Finance

Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO

Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.

Bitmain co-founder Jihan Wu

Finance

Ethereum-Based ConsenSys Quorum Partners With China’s BSN Blockchain

The first partnership for Quorum since leaving JPMorgan is a big one.

dragon, light

Policy

Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021

The wider effort to promote the digital currency precedes a launch in the "near future," per a state media report.

Beijing