A number of Australian start-ups active in the blockchain sector have visited Shanghai seeking to explore business opportunities in the Asian country, news outlet The Australian Financial Review wrote on Monday, without revealing its sources.
Labrys, Beam, and AgriDigital, among other Australian blockchain firms, are getting acquainted with China’s fintech ecosphere as part of a trade mission this week organized by the Australian Trade and Investment Commission (Austrade) and the Australian Digital Commerce Association. The entrepreneurs have already visited some of the largest Chinese tech enterprises, including Ant Financial, an affiliate of e-commerce giant Alibaba (NYSE:BABA).
Ant Financial, itself a giant valued at an estimated $150 billion, reportedly decided earlier this year to put a stronger focus on the development of technology solutions rather than on its payments and consumer...
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