Seven Stars Cloud Group (SSC), Inc., a NASDAQ-listed technology firm focusing on asset production and distribution, announced a US$24 billion deal with National Transportation Capacity Co Ltd (NTS) to support China’s electric buses upgrade with SSC’s blockchain technologies on August 20th. As part of the Chinese government’s regulations for all buses to be replaced with electric buses by 2021 (within the next three years), the market size for the mandatory replacements and upgrades is estimated at RMB1 trillion (US$145 billion). NTS …

Seven Stars Cloud Signs $24B Deal With China’s Largest Bus Operator To Support Electric Buses Upgrade appeared first on China Money Network.