Tech China Post #71

PwC is buying part of a Singapore-based blockchain solution service provider. The acquisition is intended to accelerate PwC’s efforts in implementing blockchain for supply chain applications.(link)

China Banking and Insurance Regulatory Commission (CBIRC) announced that it will collect significant amount of data to strengthen regulatory monitoring and compliance for banking. The announcement comes at the heel of the establishment of this new regulatory body in March to steer the country through enormous growth in digital economy.(link)

The founder of Taiwan Semiconductor Manufacturing warned that the U.S. and China trade war may impact Apple’s supply chain given that TSMC is the chip provider for iPhones. He stated that the new generation of technologists and tech innovators will have to deal with the various dynamics in a tightly linked technology ecosystem between China and the U.S. (link)

Tsinghua University, China’s MIT, has become increasingly active in funding technology ventures of its students and alumni. Tsinghua Holdings, the asset management arm of Tsinghua university, invests in a broad range of areas including mobile, cloud, nuclear energy, waste water treatment, and medical devices. (link)