More Chinaโ€™s top fintech, e-commerce startups are investing in blockchain

Despite the prolonged U.S.-China trade tensions and Covid-19โ€™s ravaging effects on the economy, Chinaโ€™s tech sector continues to grow, thanks to the nationโ€™s push for tech self-reliance. As a result, Chinaโ€™s tech sector currently has an R&D war chest totaling US$616 billion โ โ€” and with that, continued investments in blockchain technology, according to a study on the major trends shaping the worldโ€™s largest digital economy.ย  Image: SCMP The China Internet Report 2020, released today by the South China Morning Post, found that Chinaโ€™s e-commerce companies have raised a collective $2.1…