There are more ways to pay for goods and services now than ever before, and as such paper money seems increasingly old-fashioned.
Continue reading… “Cash is quickly becoming obsolete in China”
Chinese Singles’ Day spending blows Black Friday and Cyber Monday out of the water
Americans see Black Friday and Cyber Monday as the ultimate consumer spending extravaganzas, but the annual “record breaking ” sales days have nothing on China’s so-called Singles’ Day. As we can see in this chart from Statista, Singles’ Day sales make the US Thanksgiving weekend spending look like chump change.
China is building a police station powered by AI, not humans
China this week announced an AI-powered unmanned police station will open in one of its capitol cities, proving once again that no other country quite embraces artificial intelligence like it does.
Continue reading… “China is building a police station powered by AI, not humans”
China just unveiled the most futuristic library ever
China’s massive new library has such a sleek and futuristic design that it looks like it came straight out of the works of science fiction. Amazing pics.
Continue reading… “China just unveiled the most futuristic library ever”
Is Technology about to decimate white-collar work?
Kai-Fu Lee, the former head of Google research in China and a top tech investor, sees a huge opportunity to automate routine office work.
Continue reading… “Is Technology about to decimate white-collar work?”
China launches 8,000 water clean-up projects worth $100 billion in first half of 2017
SHANGHAI (Reuters) – China launched nearly 8,000 water clean-up projects in the first half of 2017 with projected total investment of 667.4 billion yuan ($100 billion), the environment ministry said on Thursday.
Solar Panels to be Integrated into 10 Million Bicycles in China
Thin-film solar cell vendor Hanergy Holding Group has signed an agreement with bike-sharing company MTbike to integrate solar panels into the body of more than 10 million bicycles in the next three years.
Continue reading… “Solar Panels to be Integrated into 10 Million Bicycles in China”
China plans to ban sales of fossil fuel cars entirely
China’s big electric vehicle push is about to get even bigger: The country is planning to end the sale of fossil fuel-powered vehicles entirely, with regulators working currently on a timetable of when the ban will ultimately take effect, according to Bloomberg.
Continue reading… “China plans to ban sales of fossil fuel cars entirely”
Alibaba to open its first brick-and-mortar mall in China, local report says
The five-story shopping center — called “More Mall” — is part of the e-commerce giant’s push into real-world retail.
Continue reading… “Alibaba to open its first brick-and-mortar mall in China, local report says”
Meet the futuristic personal transportation vehicle coming to China and U.S. soon
Leo Liu still remembers the first time he saw a “personal transportation” machine.
“I was an industrial engineering student at University of Florida, and I saw a group of people ride around campus standing completely upright on giant wheels,” he recalls. “They were Segways. I thought to myself, ‘those are very cool, but they’re a bit bulky and unwieldy.”
China has banned ICOs
It is looking like a new era is coming for ICOs, at least those in China for now. In the U.S., the SEC has issued official warnings around the risks of ICOs, also known as token sales, but the Chinese government looks set to beat it to implementing regulation around the rapidly growing fundraising option.
Continue reading… “China has banned ICOs”
China will experiment with using blockchain to collect taxes
The Chinese government has announced that it plans to start using blockchain technology for collecting taxes and issuing electronic invoices. It’s currently unclear exactly how that will work, but it could dovetail nicely with other digitization plans in the country. We’ve previously reported that China’s central bank is testing its own digital currency, and while that won’t necessarily be based on blockchain, it could still be neatly combined with a new approach for issuing invoices and collecting payments.
Continue reading… “China will experiment with using blockchain to collect taxes”
