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Stock impact report

Xinyuan Speeds up Real Estate Innovation with Blockchain

Xinyuan Real Estate Co Ltd American Depositary Shares (XIN) 
US:NYSE Investor Relations: ir.xyre.com
Company Research Source: PR Newswire
BEIJING, Nov. 15, 2019 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager primarily in China and in other countries, has become one of the first blockchain technology service providers in China. The Company is accelerating its innovation to enable the real estate industry and to win market recognition with the X-Bolts blockchain underlying technology platform and key products such as Golden Bricks and Conbow.Laying out the underlying technology of blockchainAfter experiencing bubbles and troughs over the past two years, the blockchain industry has begun a new round of fast growth. If capital was the key driver for the development of the blockchain in the initial stage, then technical capability has become the core competitiveness of the blockchain in its next stage.As one of the first real estate companies to invest in blockchain, Xinyuan's technology business is one of the earliest develope Show less Read more
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