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Chinese firms say blockchain work at early stage, after shares surge

Blockchain is the backbone of bitcoin and other digital currencies that have surged in value in recent months, raising fears of a price bubble

Reuters  |  Hong Kong 

Several Chinese companies, including Easysight Supply Chain and Shenzhen Kingdom Sci-Tech, said on Thursday their investments in blockchain technology were still at an early stage, following steep gains in their share prices. Easysight Supply Chain Management Co Ltd plans to halt trading in its shares on Friday, it said in a filing on the Shanghai stock Exchange, after its stock ended up by the 10 percent daily limit due to media reports about its involvement in blockchain technology. Blockchain is the backbone of bitcoin and other digital currencies that have surged in value in ...

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First Published: Thu, January 11 2018. 21:07 IST
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