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south china morning post – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Thu, 20 Jul 2023 06:00:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png south china morning post – DIGIT INFO https://www.digit.info 32 32 China’s digital yuan nears $250B transaction volume: Central bank governor https://www.digit.info/chinas-digital-yuan-nears-250b-transaction-volume-central-bank-governor/ Thu, 20 Jul 2023 06:00:08 +0000 https://www.digit.info/2023/07/20/chinas-digital-yuan-nears-250b-transaction-volume-central-bank-governor/

While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.

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]]> Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions https://www.digit.info/chinese-tech-giants-tencent-and-bytedance-plan-cuts-in-their-metaverse-divisions/ Mon, 20 Feb 2023 07:30:13 +0000 https://www.digit.info/2023/02/20/chinese-tech-giants-tencent-and-bytedance-plan-cuts-in-their-metaverse-divisions/ Read more]]> bytedance tencent metaverseAccording to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse […]

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