Digital yuan to be tested by Tencent-backed firms in China
The People’s Bank of China has already met with the Beijing company to discuss proposals to trial digital yuan across its platform.
The Latest Tencent News
Tencent Cloud wants to set up new blockchain alliance
The Industry Blockchain League will draw on companies, government agencies and other organizations from across industry sectors.
Tencent invests heavily in blockchain, other emerging tech
WeChat owner Tencent is to invest $70 billion in emerging technologies such as blockchain and cloud computing as it seeks to bounce back from COVID-19 slowdown.
Tencent launches blockchain accelerator program
Tencent has launched its blockchain accelerator program, accepting applications from early-stage startups or big firms that have shifted to blockchain
Tencent, Baidu join China’s national blockchain committee
The central government committee is to be made up of some 71 members, including senior executives from Tencent and Baidu.
Baidu enters blockchain fray
Baidu has launched Xuperchain, a blockchain platform that seeks to make the development and deployment of blockchain projects in Asia fast and cost-effective.
TikTok owner teams up with Chinese state media on blockchain venture
ByteDance, the company that owns social media platform TikTok has partnered with a state-sponsored media firm on a blockchain and artificial intelligence venture.
Tencent helping China crack down on crypto scams
Tencent has developed a tool that allows the Chinese government to screen financial transactions for any illegal crypto activity.
Tencent secures license to build virtual bank
Tencent has received a new license from the Hong Kong Securities and Futures Commission to create a virtual bank powered by blockchain technology.
This week in tech: Blockchain regulation takes center stage in China, Korea, India and more
Blockchain regulation has continued to take center stage, as more countries recognize that blockchain is going to power the future.
Tencent to lead development of blockchain-based invoices
The internet giant was backed by the U.K., Switzerland and others in its push to develop global blockchain invoice standards.
UK blockchain startup Everledger attracts $20M investment
The startup intends on utilizing the funding and the expertise of the new partners, which include Tencent, Fidelity and Rakuten, to bring more visibility to its business.