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AGTech & Blockchain Technology

|About: AGTech Holdings Limited (AGTEF), Includes: BABA

BEIJING (Reuters) - China’s President Xi Jinping said the country should accelerate the development of blockchain technology as the core for innovation.

He made the comments at a study session of the Politburo held on Thursday but this was reported this morning.

"A" share listed companies that are involved in BlockChain Technology hit the 10% daily limit within minutes of the opening of the stock exchange today.

Back in May AGTech won a national contract to implement BlockChain Technology to all of Welfare Lottery games.  It won't be long till Chinese investors make the connection between Alibaba-AGTech-Chinese Lottery-Blockchain Technology.

Alibaba Wins Blockchain Contract With Welfare Lottery And Now AR Contract With Sports Lottery In China. - Michael Han

Disclosure: I am/we are long AGTEF.