Summary
- DL News reported that about 75,000 blockchain startups were established in China last year.
- It said blockchain-related companies currently operating across China total about 290,000.
- It reported that China has steadily expanded investment in non-speculative blockchain applications, and that this policy stance is viewed as having contributed to the increase in startup formation.
According to DL News, a media outlet specializing in virtual assets (cryptocurrencies), about 75,000 blockchain startups were newly established in China last year.
The outlet said the number of blockchain-related companies currently operating across China totals about 290,000. This is seen as the result of the central government's push to foster blockchain technology, combined with active participation from local governments and the private sector.
While China maintains strict regulations on virtual-asset trading and mining, it has steadily expanded investment in non-speculative blockchain applications such as supply-chain management, data authentication, digital administration, and financial infrastructure. This policy stance is being credited with driving the rise in startup formation.
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