China national blockchain Xinghuo BIF appoints MyEG to own and operate Xinghuo International Supernode to connect China blockchain to global markets


China’s national blockchain, Xinghuo Blockchain Infrastructure and Facility (XInghuo BIF) inked an agreement with MY E.G. Services Bhd (MyEG) for MyEG to own and operate the Xinghuo International Supernode that will provide connectivity to the rest of the world at the 2022 China Internet Conference hosted by China’s Ministry of Industry and Information Technology (MIIT) and Shenzhen Municipal People’s Government. The agreement also entails the cross-border adoption and utilisation of the latest Decentralised Identifier standard (DID) to gradually create the Web3 of China and beyond.

Xinghuo BIF is a global blockchain infrastructure devoted to a trustworthy digital foundation for the world. Up till now, 7 Xinghuo BIF supernodes cover main areas in China and 29 backbone nodes provide services to a broader range of industries and cities. Xiamen and Liuzhou Supernodes, Jiaozhou (Shandong) and Hengqin (Guangzhou) backbone nodes empower cross-border trade and provide international service overseas. International enterprises including SAP and Siemens partnered with Xinghuo to promote global blockchain innovative applications. Presently, Xinghuo BIF resolves approximately 100 million blockchain identifiers daily, placing it as the most actively used blockchain platform globally.

The international supernode will connect to MyEG’s layer-1 permissioned public blockchain, Zetrix, which is fully compatible with Xinghuo. This enables Zetrix network’s on-chain assets and transactions to cross seamlessly into Xinghuo, connecting governments, businesses and their people to a global blockchain-based economy.

Commenting on the partnership, Xiaohui Yu, President of CAICT said,” We should cooperate more in building node network, seize the opportunity presented in the next generation of Internet and empower industries with blockchain and other technologies, thus providing solid infrastructure and advancing innovative development.”

The agreement marks a milestone achievement in Xinghuo BIF’s global expansion since the Memorandum of Understanding that was signed on 12th October, 2021. The international supernode will connect to MyEG and develop blockchain infrastructure applications, which will increase the interconnectivity of infrastructure in countries, and enhance the capability of cross-chain operation. With its technologies and public service capabilities, Xinghuo BIF will provide blockchain services to Malaysia and other ASEAN countries and assist in cross-border commodity-tracing, identity verification and supply-chain finance.

Wong Thean Soon, Group Managing Director of MyEG and co-founder of Zetrix said, “Xinghuo BIF is already the most advanced and heavily utilised chain for industrial and trade applications. Now with the commencement of the Xinghuo International Supernode, the rest of the world can connect and be part of the China Web 3 evolution that will promote the establishment of international communities and facilitate global trade and finance.”

Xinghuo BIF and MyEG’s layer-1 public blockchain, Zetrix, had previously announced the introduction of cross chain Blockchain Identifiers (BID), Verifiable Credentials (VC), and on Chain Agreement signing. BIDs and VCs are critical building blocks of more interconnected Web 3, as they are the foundational tools that decentralised apps can call upon to deliver a myriad of new services.

The agreement between the parties was befittingly signed on-chain on the Xinghuo-Zetrix blockchain ecosystem.


Pop Culture Group Plans and Executes the 2022 Digital Economy Industry Investment Promotion Conference in Xiamen


Pop Culture Group Co., Ltd (“Pop Culture” or the “Company”) (Nasdaq: CPOP), a hip-pop culture company in China, today announced that its wholly-owned subsidiary, Xiamen Pupu Digital Intelligence Culture Media Co., Ltd. (“Xiamen Pupu”), planned and executed the 2022 Transformation and Cooperation Demonstration Zone (Xiamen) Digital Economy Industry Investment Promotion Conference for the Six Counties of Xinyiji District (the “Event”) in Xiamen on September 8, 2022.

Approximately 150 representatives were invited to the Event, all from well-known domestic enterprises, the digital economy industry, and potential investment institutions, business partners and other associations, to explore the potential development of the digital economy in the Six Counties of Xinyiji District. Xiamen Pupu provided a customized event execution plan and strictly monitored every aspect of this Event, including the stage design and building, indoor and outdoor venue planning, a guest guide, and the video, lighting and sound planning.

Mr. Zhuoqin Huang, the Chairman and Chief Executive Officer of Pop Culture, commented, “It is our honor to plan and execute the Event, which demonstrated our capabilities in providing comprehensive event planning and execution services with different themes. We have been committed to providing customers with a full range of planning and execution solutions. In the future, we expect to continue to improve our business capabilities, enrich creative planning, execute project plans, and provide digital and intelligent communication solutions for more customers across various fields.”


Xiamen a Hotbed for Investment


This is a news report from China Daily:

A global investment promotion conference marking the 100th anniversary of the founding of Xiamen University was held in Xiamen, East China’s Fujian province, on April 7.

Agreements for 32 major industrial projects were inked, involving a combined investment of 43.9 billion yuan ($6.7 billion). Eleven of the projects are worth more than 1 billion yuan each and cover various fields such as semiconductors, bio-medicine, hotels, and modern logistics.

A program to encourage XMU’s alumni to invest in Xiamen was also launched at the conference, aiming to attract the alumni to contribute to the city’s high-quality development by bringing in more resources.

Since the program was initiated in September 2020, 511 projects led by XMU’s alumni had signed up for the program by April 5, involving a combined investment of 164.72 billion yuan.

Xiamen boasts a favorable environment for living and starting businesses,” said Zhao Haiying, an alumna of XMU and chairwoman of Femisci, a beauty and healthcare company.

Zhao, cooperating with SignalChem Lifesciences Co, a Canada-based clinical-stage company, signed an agreement to set up the company’s China headquarters in Xiamen’s Haicang district. It will include research and development platforms for protein engineering technology, and targeted therapies.

“Considering the strong scientific research capacity of XMU and the solid foundation of Xiamen’s biomedicine industry, I have full confidence in the future development of our project,” Zhao added.

A pioneer in attracting investment

As one of the country’s first four special economic zones and a key hub along the 21st Century Maritime Silk Road, Xiamen has led China in reform and opening-up, becoming a pioneer in attracting investment and innovating its economy.

The city signed 8,411 projects with a combined investment of 1.6 trillion yuan in 2020. It also led Fujian province in the actual use of foreign capital, which accounted for 47.7 percent of the province’s total.

Chinese startup Lixiang, also known as CHJ Automotive, and Tencent Cloud, the cloud computing unit of Chinese tech giant Tencent, also set up subsidiaries in Xiamen recently.

“We have eyed the high-end and new economy industries due to limited land (Xiamen covers an area of some 1,700 square kilometers),” said Huang Heming, director of the city’s commerce bureau, in an interview with ThePaper, a Shanghai-based online news portal.

To attract investment, the local government has spared 1,335 hectares of land for industrial use and 2.96 million square meters of office buildings for the modern service industry. The city also offers tailored solutions for industrial companies in terms of land use and leads the country in speeding up related administrative procedures.

A city of the new economy

Behind Xiamen’s economic growth are mainly 12 industrial chains, each with a value of at least 100 billion yuan.

“We are building a city of the new economy,” said Huang.

The city has seen increasing capacity for independent innovation in high-end manufacturing industries, such as flat-panel displays, semiconductors, and integrated circuits, as well as new materials, as projects like MicroLED R&D center sponsored by TCL China Star Optoelectronics Technology Co and the Cross-Strait Tsinghua Research Institute signed or started operating.

As one of the cradles of China’s internet and games, Xiamen’s software industry generated 197.2 billion yuan in revenue last year, accounting for nearly 58 percent of the provincial total. Among its 10 listed companies, five are among the top 100 internet companies in China.

In addition, booming strategic emerging industries have also become a highlight of Xiamen’s growth. Taking the biomedicine sector as an example, the city currently has a dozen national laboratories, 297 national high-tech companies, and 10 listed companies, with a combined revenue of nearly 100 billion yuan.

Breakthroughs have also been made in attracting investment in the film, television, and culture industries, as industrial leaders like news portal Toutiao, podcast app Himalaya FM and box office tracker Maoyan have set up operations in Xiamen.

The new economy characterized by the digital economy is taking shape, with 79 projects worth 27.6 billion yuan settling in the city.

Xiamen has adhered to the concept of “creating a market for investment” to accelerate the growth of its new economy.

The local government has encouraged the information technology, education, health, urban management, transportation, and public security departments to offer abundant application scenarios and policy support to new business models focusing on big data, artificial intelligence, and the sharing economy.

The city has also seized development opportunities in the post-pandemic era, with several infrastructure projects involving 5G technology, big data, AI, and online medical treatment being signed or starting operations.