$24 billion deal for china's electric buses FTSE / NASDAQ NEWS 

Blockchain Company Seven Stars Cloud Wins $24 Billion Deal for China’s Electric Buses

Blockchain focused fintech company, Seven Stars Cloud has won a $24 billion deal for china’s electric buses to be upgraded, in order to meet the governments plan to replace all buses with electric buses by 2021. As stated in a press release published on Monday, Seven Stars Cloud Group (SSC), a publicly traded company on Nasdaq, has signed a three year exclusive contract with China‘s biggest electric bus operator, National Transportation Capacity Co Ltd (NTS). The deal will see SSC manage two funding campaigns to raise $8.75 billion in China, and the other open to…

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Xi blockchain for a technology revolution in china NEWS REGULATORS 

President Xi Jinping Endorses Blockchain for a Technology Revolution in China

For the first time in public, China’s President Xi Jinping gave a speech to the countries leading scientists, endorsing blockchain as a critical part of a technology revolution in China, and one they must seize to thrive in the global economy. Xi’s unprecedented speech, comes just days after China’s State Council, the government’s central administrative branch, sent its highest-level order demanding that local authorities, especially the Guang Dong Free-trade Zone, accelerate blockchain technology development.

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