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China: WeiyangX Fintech Review

China: WeiyangX Fintech Review E-signature Service Provider On March 11 th, Chinese leading e-signature service provider Fadada declared the completion of a 900-million-yuan D round of financing. The investment was led by Tencent, followed by ZWC Partners and Centurium Capital. The outbreak of COVID-19 has significantly raised market cognition and utilization of electronic signatures. In early 2020, subscription for Fadada was 8 times compared with the volume at the same period in 2019. In response to the market demand, Fadada had offered tailored e-signature service for WeChat Work, online real-estate sales system and even public services agencies of Market Supervision and Administration in six provinces including Hubei. (

China s courts use data analytics and blockchain evidence storage on the way to first AI-integrated legal system

Under the 14th five-year plan, Chinese courts will upgrade to the fourth generation of smart court by 2025. Changes may appear to create a fairer system but they are also a step towards more centralised political power, say academics in the US. SCMP China is rolling out changes to monitor judges, streamline court procedures and boost judicial credibility that could result in the world’s first AI-integrated legal system. The changes are part of China’s “smart court” initiative, a signature policy of SPC president Zhou Qiang, to strengthen centralised political power and tighten the oversight of judges, according to legal experts.

China makes strides in cutting violent crime, enforcing IP rights, National People s Congress is told

news China makes strides in cutting violent crime, enforcing IP rights, National People’s Congress is told Eduardo Baptista © XINHUA Zhou Qiang, president of the Supreme People’s Court, delivers a work report on Monday during a session of the National People’s Congress in Beijing. Photo: Xinhua China s top legal bodies have highlighted improvements in intellectual property rights and violent crime, even as observers question whether the country s legal system can ever improve protection for human rights. Two annual work reports, one by the Supreme People s Court and the other by the Supreme People s Protectorate, were presented to China s legislature on Monday, revealing a raft of data on the performance of the legal system of the world s most populous country. Serious violent crime hit a two-decade low in 2020, according to the Supreme People s Protectorate report, which attributed the drop to the government s successful campaign against gang crimes.

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