Recommended. Original article (not yet-another-retread) about BTC in China and ASICME in particular.
ASICME has about 40 employees; that’s big for a startup in Beijing. Only 10 or so actually build the mining hardware. Another 10 work on the software side. The other 20 are in sales, marketing, and business. Half of the team lives and works in-house. Yang rents five residences on two floors of an apartment complex where they eat, sleep, and work. Four to five employees sleep in the bunk beds of each dormitory-sized bedroom.
In addition to its hardware, ASICME is also working on a Chinese Bitcoin wallet, which was just released this week. The Android and iPhone app is free and open source, so users can verify that it’s safe. The app can be used to store Bitcoins and spend them online or in person. ASICME has no plans to monetize the app yet. Yang just wants his new business venture to be a long-term one.
Woods and Yang both spoke at Bitcoin Salon, an event put on by Pingwest that drew about 150 local enthusiasts in Beijing.
http://www.techinasia.com/depth-bitcoin-hands-chinas-average-zhou/
