China's top fintech, e-commerce companies continue blockchain bets

[Lorix]

Data from SCMP’s 2020 China Internet Report shows healthy fundraising activity in China’s internet tech sector while fintech and e-commerce companies continue to explore blockchain tech potential.
Despite the prolonged U.S.-China trade tensions and Covid-19’s ravaging effects on the economy, China’s tech sector continues to grow, thanks to the nation’s push for tech self-reliance. As a result, China’s tech sector currently has an R&D war chest totaling US$616 billion ⁠— and with that, continued investments in blockchain technology, according to a study on the major trends shaping the world’s largest digital economy.
More info: https://decrypt.co/34716/chinas-top-fintech-e-commerce-companies-continue-blockchain-bets