Jack Ma to handover Alibaba’s chairmanship to Daniel Zhang in September 2019

Jack Ma to handover Alibaba’s chairmanship to Daniel Zhang in September 2019

In September 10, 2019, the founder and executive chairman of Alibaba Jack Ma will handover the chairmanship of the Chinese biggest e-commerce to Daniel Zhang Alibaba is one of the world’s most valuable companies – its shares nearly doubled in value in 2017. Mr. Ma’s plan to step down was contained in a letter he sent to … Read moreJack Ma to handover Alibaba’s chairmanship to Daniel Zhang in September 2019

Fake ICO promoters arrested in China for alleged $47 Million fraud

cryptocurrency-fraud-Puer-Coin

Promoters of Pu’er Coin have been arrested by the Chinese law enforcement agency for cryptocurrency fraud, where they’ve raised millions of US Dollars from the market. They have been accused of defrauding 3,000 Chinese investors amounting to $47 million by selling Pu’er Coin, which they claimed was backed by a commodity, Guangdong Daily reports. The six suspects formed … Read moreFake ICO promoters arrested in China for alleged $47 Million fraud

Cryptocurrency-related Ads removed from Chinese local sites, major crypto dip likely as China tightens regulations

Major dip in the price of cryptocurrencies is expected in the days ahead as Chinese government is tightening regulations on digital coins and Initial Coin Offering (ICOs). The latest update on cryptocurrency laws came up today February 4, 2018, which is likely to trigger another panic sell among investors. Research has also shown that cryptocurrency-related … Read moreCryptocurrency-related Ads removed from Chinese local sites, major crypto dip likely as China tightens regulations

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