On Monday, it was
reported that Beijing tech hub Zhongguancun plans to roll out financial subsidies for blockchain firms. The nearly 3000 companies it will support include Axi Chain, Ford Tree, Fangda Chain, and Beijing European Chain Technology (BETC).
Known as ‘China’s Silicon Valley’, the area is home to Lenovo, the Founder Group, and offices of Google, Microsoft, and Intel. The Zhongguancun Management Committee released a list of 2920 SMEs in the science and technology sector it intends to subsidize. The firms will be given financial support for research and development expenses.
The chairman of
Axi Chain, a commodities supply chain firm, said that the amount of financial support was not confirmed. Yin Xuzhou also claimed that the program is in a ‘publicity period’, which allows enterprises to contact the tech hub in the case of disagreement.
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