NY BASED FUTURE FINTECH ACQUIRES SICHUAN BASED NANJING RIBENSI

Highlights:

•       Acquiring of the Chinese miner by the US-based fintech firm was driven by the ongoing bitcoin rally

•       Nanjing Ribensi was chosen for its location in a hydroelectricity rich region w...

SOUTH KOREANS NOT CONVERSANT WITH CHINA ON PROCLAIMING KIMCHI AS THEIR OWN

• Social media users in China and South Korea are engaged in another dispute which is the over the origin of kimchi, the fermented cabbage dish that most people recognise as an ubiquitous part of the Korean diet.
• Though not in China, where state media have sparked an online backl...

CHINA LAUNCHED HIGH-THROUGHPUT COMMUNICATION SATELLITE

Highlights:

• China launched a high-power communication satellite that was designed to provide internet access to airline passengers, cruise ships, fishing vessels, and other mobile users on Thursday.
• The satellite was launched using a Chinese Long Marc...

CHINA’S $3 TRILLION TRUST SECTOR UNDER FEAR AFTER SICHUAN PROTEST

Highlights:

• Fears have surrounded China’s Rmb21 trillion which is equivalent to $3 trillion worth of trust industry after Sichuan Protest.
• The trust industry has attracted many investors seeking more profitable however riskier places to park the...