Home Tag Archives: Hong Kong Stock Exchange

Tag Archives: Hong Kong Stock Exchange

Bitmain CEOs to Make Way for New Faces

Crypto Mining Rig Giant Bitmain May Appoint New CEO Soon

Top cryptocurrency mining rig maker Bitmain may be in for some administrative changes soon, with Wang Haichao, currently head of product engineering, tipped to be the new CEO in place of co-CEOs Wu Jihan and Zhan Ketuan, as reported by South China Morning Post. Currently, no public announcement has been made by the company or any of the parties involved about …


Bitmain Under Pressure to Cut 50% of Staff in 2019

mining, cryptocurrency

Bitmain, the world’s largest maker of cryptocurrency mining chips is reported to be laying off up to 50 percent of its staff in 2019. Suggestions that layoffs may be a possibility in the new year first appeared on Maimai — China’s version of LinkedIn — before Christmas where one verified Bitmain employee wrote, “It’s affirmative. The layoff will start next …


Hong Kong Stock Exchange Looks to Blockchain and Fintech Acquisitions

Hong Kong Stock Exchange Looks to Blockchain and Fintech Acquisitions

Hong Kong Stock Exchange (HKEX) has announced that it is considering investments in blockchain and other fintech companies through acquisitions next year. If this materializes, it will represent a change in direction for the exchange moving forward, linked to close relationships with China. Hong Kong, being an autonomous territory of China, has a political system independent from the rest of the country, …


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