Chinese People Continue Buying More Bitcoin, Despite Strict Bans [Forbes]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Forbes
the country's National Day, at Tiananmen Square on September 30, 2023 in Beijing, China. (Photo by Ken Ishii-Pool/Getty Images) Getty Images Bitcoin was in 2021 - so how is it that there's still demand for Bitcoin in China these days? And how are these markets for Bitcoin affecting Bitcoin prices? A thriving "gray area" marketplace for Chinese mainlanders There is continued demand for Bitcoin from Chinese Mainlanders (Chinese people outside Hong Kong and Macau). To understand this more deeply, you must understand the nature of the bans in the Chinese Bitcoin context. While Hong Kong offers futures and spot Bitcoin ETFs, mainlanders from investing in these instruments - part of a general trend towards an exchange ban and the ban of public CNY-BTC pairings that make it challenging to track precisely how much Bitcoin is transacted. PROMOTED ("OTC") allows people to skirt these restrictions. Sometimes, OTC desks and services are more like private banks - and others are colle
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BABA
Earnings
- 11/25/25 - Beat
BABA
Sec Filings
- 12/4/25 - Form 6-K
- 12/4/25 - Form 6-K
- 12/1/25 - Form 6-K
- BABA's page on the SEC website