City Shanghai Financial News

01.04 / 08:43

Waves Manufacturing Tencent businesses Here's how China's latest Covid lockdowns have affected American businesses in the country

BEIJING — China's worst Covid wave since the initial shock of the pandemic has cut into annual revenue projections for roughly half of American businesses in the country, a survey showed Friday.

31.03 / 10:55

UPS Citi As the pandemic enters its 3rd year, more Chinese people say they'd rather save than spend

BEIJING — Chinese consumers are becoming more cautious than they were near the start of the pandemic, according to a survey by the People's Bank of China released Wednesday.

31.03 / 07:07

UPS Citi Strategy businesses China's zero-Covid policy tests small businesses in a make-or-break it year

BEIJING — While China tries to shake off omicron, the country's zero-Covid policy of swift lockdowns sets small businesses up for a third year of stop-and-start uncertainty.

29.03 / 12:15

Citi Dash Domino's Pizza China operator files for Hong Kong listing

BEIJING — The operator of Domino's Pizza stores in China, DPC Dash, applied Monday to go public on the Hong Kong stock exchange, according to an online filing.

29.03 / 04:09

CBDC Adoption UnionPay Launches Self-service Platform for Merchants to Add Digital Yuan Pay Options

Chinese businesses are finding more uses for the digital yuan – with merchants being offered services that allow them to sign up to receive central bank digital currency (CBDC) payments through third-party operators.

26.03 / 20:43

Blockchain Ethereum ETH BLOCK ETH’s Shanghai update: Assessing what it means for the Ethereum ecosystem

2022 has been a busy period for the Ethereum community with many updates already released. The ETH 2.0 is expected to be launched in June 2022. But that is not it. The All Core Developers of the Ethereum blockchain has released the preliminary specifications of the latest update called Shanghai.

21.03 / 20:37

Disney JPMorgan Boeing Stocks making the biggest moves midday: Boeing, Disney, Berkshire Hathaway and more

In this article

15.03 / 19:05

Provident Waves Digital Platform week 2022 CHINA METAVERSE WEEK has Officially Launched

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

15.03 / 12:07

Citi Waves Manufacturing 500 China's Covid spike worsens: Dongguan factory center locks down, new cases top 3,500 nationwide

BEIJING — China's worst Covid-19 outbreak since the initial wave of the pandemic worsened Tuesday with a major factory city ordering production halts.

11.02 / 17:27

Provident Digital Baidu Chinese metaverse to look different than the rest of the world’s

Chinese search provider Baidu had announced a self-developed metaverse last year in December. The year when China took a policy decision to curb all private crypto activities from the country by tagging them ‘illegal.’ However, interestingly, this year China was also the front runner to launch an e-CNY CBDC during the Beijing Olympics. Many commentators fear, the e-CNY will be a centralized version of a digital currency under the PBoC’s surveillance.

09.02 / 23:27

UPS Ethereum ETH NOT Why it’s not done and dusted after ‘The Merge’ for Ethereum

We know that the Ethereum Foundation has phased away ‘Eth2’ as it merged with Eth1 into a single chain. And as that happened, a crucial hard fork under ‘The Shanghai‘ is shaping Ethereum. But, what is the way ahead after the merge? In a recent interview, co-founder Vitalik Buterin explained the various elements of the Ethereum Roadmap.

01.02 / 03:13

Citi Digital Limelight Winter Olympics Winter Olympics spotlight Beijing’s digital yuan: Will China’s CBDC plans push others to move faster?

Central bank digital currencies will get some international limelight over the next couple of weeks as China plans to test its digital yuan at the Beijing Winter Olympics.

31.01 / 12:59

Blockchain Digital Manufacturing Southern testing China Announces 15 Pilot Zones for Testing Blockchain Tech

China announced 15 pilot zones for testing the application of blockchain technology for several service sectors.

31.01 / 02:19

Ethereum ETH SUN Ethereum: Here’s where we are with ‘The Merge’ after phasing away ‘ETH 2.0’

The Ethereum Foundation was in the news last month after it announced the Kintsugi Merge Testnet in December. The main purpose of the testnet is to experiment and identify issues with post-merge Ethereum. The AllCoreDevs on Ethereum call it the “first public, easily accessible, multi-client testnet running post-merge Ethereum!”

25.01 / 21:13

defi Investments DEX ICO veteran Why crypto industry needs venture capital: Q&A with veteran investor

Traditional funding in the crypto space was once considered useless. After all, the industry itself offers different, controversial, but nonetheless, ways to fund a project – initial coin offering (ICO), initial exchange offering (IEO) and the current darlings of offerings – launchpads and initial decentralized exchange (DEX) offerings.

25.01 / 02:17

Blockchain Adoption regulation Chinese Local Gov’ts, Tech Firms Take Tentative Metaverse Steps

Chinese government-run firms and local governments are starting to explore metaverse-related innovations – although they are proceeding with due caution, given the fact that the nation last year enacted its most stringent crypto crackdown to date.

20.01 / 05:31

CBDC Adoption Central Bank Chinese Central Bank: In Pilote Stage, Digital Yuan Has 261M Active Users

China’s central People’s Bank of China (PBoC) has claimed over 261m users in the nation activated digital yuan wallets by the end of last year – in addition to the 20 million-plus who have downloaded its official pilot app, which was released to marketplaces in some cities earlier this month.

18.01 / 11:53

CBDC Adoption Central Bank 20m+ Chinese Now Reportedly Using Central Bank’s Digital Yuan App

Over 20m people have now downloaded the central People’s Bank of China (PBoC)’s digital yuan app, media outlets in the country have reported.

12.01 / 18:31

Digital Apple Tencent China's digital yuan wallet arrives in Android and Apple app stores

The wallet app has so far been available on an invitiation-only basis, but its arrival on the app stores signals the central bank's determination to seed the technology across the population ahead of the showcase Winter Olympic games in Shanghai next month when it will compete for traction against the dominant commercial payment apps from Ant Group and Tencent.

05.01 / 19:23

Digital Apple Tencent China's digital yuan wallet arrives in Android and Apple app stores

05.01 / 13:53

Digital Apple Tencent China's digital yuan wallet arrives on the Android and Apple app stores

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