Search Results for: Xiamen

Chinese City Tests Blockchain-Powered Cross-Border Financial Platform

Nanning, a Southern Chinese City, located in Guangxi Region, has experimented with a blockchain-enabled cross-border financial platform. Notably, it joins several Chinese cities, such as Ningbo and Xiamen, seeking to revamp their economic systems using cross-border blockchain networks.  As reportedby the Global Times, Nanning’s blockchain service system seeks to refurbish the present trade financing procedure … Continue reading Chinese City Tests Blockchain-Powered Cross-Border Financial Platform

Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry

During the ongoing 28th Golden Rooster and Hundred Flowers Film Festival in Xiamen, China, Li Jie, Senior Vice President of Alibaba Pictures, noted that blockchain was crucial in propelling the growth of the Chinese film industry.  He acknowledged that it was no longer in oblivion that blockchain was transforming various industries, and the film sector … Continue reading Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry

Beauty App Meitu’s Crypto Holdings Evaporated Up to $50m in H1

Meitu, a Hong Kong-listed (1357.HK) beauty app company known for its AI-driven photo-editing and video-sharing solutions, recorded a net loss between $41.1 million and $52.3 million in the first half of this year amid the bloodbath experienced by the crypto market. In a filing proposed to the Hong Kong Stock Exchange last Friday, the firm … Continue reading Beauty App Meitu’s Crypto Holdings Evaporated Up to $50m in H1

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