China’s digital currency will be distributed using a two-tiered system to help get it into consumers’ hands

China’s digital currency will be distributed using a two-tiered system to help get it into consumers’ hands

April 11, 2021 Darnetta Mahaffy 0

Summary List PlacementThe People’s Republic of China (PBOC) introduced its first blockchain-powered digital currency controlled by its central bank, The Wall Street Journal first reported. The project took seven years to complete since work began in 2014.  The e-yuan is a government-sponsored virtual currency designed to trace all movements of money. For example, the state…

Meet China’s ‘Lipstick King,’ an outspoken 28-year-old e-commerce streamer who fans adore and brands fear

Meet China’s ‘Lipstick King,’ an outspoken 28-year-old e-commerce streamer who fans adore and brands fear

March 31, 2021 Darnetta Mahaffy 0

Summary List PlacementAt first glance, Austin Li Jiaqi looks like the boy-next-door: he’s always clean-shaven and typically dressed in earth-toned, well-pressed button-down shirts. But when his stream on Chinese e-commerce platform Taobao goes live, a different side of him comes out to play. “We’re starting now!” he claps and proclaims loudly, as millions of followers…

How China’s attack on Microsoft escalated into a “reckless” hacking spree

How China’s attack on Microsoft escalated into a “reckless” hacking spree

March 14, 2021 Darnetta Mahaffy 0

At first the Chinese hackers ran a careful campaign. For two months, they exploited weaknesses in Microsoft Exchange email servers, picked their targets carefully, and stealthily stole entire mailboxes. When investigators eventually caught on, it looked like typical online espionage—but then things accelerated dramatically. Around February 26, the narrow operation turned into something much bigger…

China’s surging private space industry is out to challenge the US

China’s surging private space industry is out to challenge the US

February 6, 2021 Darnetta Mahaffy 0

China’s space program might have been slowed by the pandemic in 2020, but it certainly didn’t stop. The year’s highlights included sending a rover to Mars, bringing moon rocks back to Earth, and testing out the next-generation crewed vehicle that should take taikonauts into orbit—and possibly to the moon—one day.  But there were a few…