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Captain's Log, September 11: China continues crypto crackdown, Visual Loft raises US$250K, - e27

Published 1 year ago

Captain's Log, September 11: China continues crypto crackdown, Visual Loft raises US$250K, - e27

e27 via e27.co

The crackdown was first reported by Caixin and the news dropped just a few days after China banned the Initial Coin Offering fundraising strategy. Visual Loft is an e-commerce marketplace that helps traditional merchants get online and sell their goods to the internet-savvy population. Over the last seven weeks, Visual Loft has raised S$340,000 (US$250,000) from a group of investors. According to the South China Morning Post, 51 per cent of Malaysians discovered, read and shared news using WhatsApp in a given week. Facebook was still the most popular news distribution platform at 58 per cent. JD.com, the second largest e-commerce company in China, has entered into a joint venture with Thailand’s Central Group, a conglomerate that owns properties ranging from malls to restaurants. For Central Group, the group is keen to kickstart its entrance into a Thai e-commerce industry that is full of untapped potential. The Land Transport Authority (LTA) in Singapore is expected to trial third-party mobile payments for public transportation in the near future, according to Channel News Asia. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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