Fosun drives up interest for Hong Kong stock performance-linked tokens on blockchains

Fosun drives up interest for Hong Kong stock performance-linked tokens on blockchains

A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure, which it touted as Asia’s first “comprehensive” technical solution for stock performance-linked tokens. Fosun Wealth Holdings-backed start-up Finloop Finance Technology Holding collaborated with FinChain, a Web3 brand under Fosun Wealth, in creating the new solution…

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Long-standing US–China rivalry continues in tech

Long-standing US–China rivalry continues in tech

HANGZHOU, China  The tech war between the US and China continues as Chinese firms Tencent and Deep Robotics produce artificial intelligence (AI) and robot technologies that rival those of their American counterparts, becoming viable alternatives in the global tech scene. The fierce and long-standing US–China rivalry is not only diplomatic or via trade but also…

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