Report: China's new blockchain projects account for 25% of global new blockchain projects

According to data from data service provider Blockdata, China's new blockchain projects account for 25% of the global new blockchain projects. As of November 2018, there are 263 blockchain projects in China. At the same time, according to the Beijing think tank EO Intelligence data, there are 615 blockchain companies or subsidiaries in China, most of which have been launched in the past two years. This includes Chinese Internet giants Baidu, Alibaba and Tencent, which have started their own blockchain projects.