China’s Biggest Newspaper Launches Blockchain Lab with Tech Company

The venture capital division of China’s state-backed newspaper, People’s Daily Online, has reportedly ventured into a partnership with Shenzhen’s Xunlei Limited to build a lab dedicated to research on the various application of blockchain technology.


The lab, which will be a site for “technology innovation” at the People Capital’s Blockchain Research Institute, is part of an initial global partnership agreement signed by CCP’s official newspaper and Xunlei Limited last July 22.


The partners also said that they will be building a “high-level industrial service platform” to organize competitions, seminars, workshops, and promote and identify startups in the blockchain industry.



Source: Coin Telegraph

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