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China

China Mobile establishes metaverse alliance amid several big tech operations
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5 July, 2023

China Mobile establishes metaverse alliance amid several big tech operations

One of the alliance's objectives is to improve metaverse development in China; it also plans to create an investment fund...
Shanghai eyes nearly $7B from metaverse investment in culture, tourism sectors
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2 July, 2023

Shanghai eyes nearly $7B from metaverse investment in culture, tourism sectors

Following initiatives from neighboring cities, Shanghai is building its metaverse ambitions under a recently published roadmap focusing on revitalizing its...
Shanghai Clearing House floats digital yuan services for commodity trading
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30 June, 2023

Shanghai Clearing House floats digital yuan services for commodity trading

One of the changes of the new regime is abolishing the 2022 “Guidelines for the Spot Clearing Business of Bulk...
Malaysia, China strike partnership to explore AI usage for cross-border blockchain-based applications
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26 June, 2023

Malaysia, China strike partnership to explore AI usage for cross-border blockchain-based applications

The research between China and Malaysia is part of China's government-to-government (G2G) initiative spearheaded by the Ministry of Science and...
Second iteration of cross-border CBDC pilot between China, Hong Kong falters
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24 June, 2023

Second iteration of cross-border CBDC pilot between China, Hong Kong falters

The CBDC pilot initiative hit a road bump following several user complaints, including the limited number of merchants accepting the...
China’s Nanjing City district unveils new metaverse ambitions
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18 June, 2023

China’s Nanjing City district unveils new metaverse ambitions

Nanjing City's metaverse roadmap will follow a three-year plan and leverage other innovative technology, including AI, NFTs, and cloud computing.
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