“Labcoin, managed by Hong Kong-based ITec-Pro, which began trading its shares this month on an online exchange, has a market value of 20,000 Bitcoins, or about $2.9 million. Another company, Myminer, operates ‘mining farms’ in China, where it says the low cost of power to run vast numbers of computers gives it an edge. BTCChina.com, China’s most popular Bitcoin exchange, lets traders use the payment systems of more established companies, including Tencent and Alipay, an affiliate of Alibaba Group, to buy and sell the virtual currency. Other Bitcoin trading platforms popular in China are FXBTC.com and Btctrade.com. Regulators in China have so far ignored Bitcoins.”
http://www.businessweek.com/articles/2013-09-05/bitcoin-mania-grips-china
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