Hi everyone, I'm aiming to bring you crypto news fresh out of China on a regular basis, in today's news:
- The mayor of Hangzhou has mentioned in his work report to the government that developing blockchain technology will be one of Hangzhou's main focus in 2018 besides Artificial intelligence, Virtual reality, Quantum technology and Commercial aviation.
- Chinese video sharing website Bilibili has denied rumours that it is planning to develop its own blockchain.
- Ripple CEO is considering enter into the Chinese market and partner up with the Bank of China.
- Sina (One of Chinese largest media outlet) and Weibo (Chinese Twitter) has started banning Crypto and ICO related ads on its website. However it states that people can still look up crypto related articles on its website. The main reason behind banning ads is to counter numerous crypto and ICO scams.
- Wechat (Chinese Facebook) has started allowing crypto related ads on its interface.
- Baidu (Chinese Google) has started to develop its own crypto game, here is their beta website link:
https://pet-chain.baidu.com/ - Fosun International, a public listed Chinese investment company has stated that it is looking to invest around 20billion RMB, equivelent to around $4billion USD into Blockchain, IOE and Artificial intelligence.
Reference:
https://www.bianews.com/detail?id=9114&type=1
I have made a video summary on my youtube channel link below:
Hope you guys find the information useful and have a wonderful day!