A cryptocurrency designed for the Internet of Things, IOTA, enters the Сhinese market, as IOTA team reports on social media.
— IOTA (@iotatoken) 23 июля 2017 г.
Distributed database that is used to maintain a continuously growing list of records, called blocks
While Bitfinex, formerly the sole exchange of IOTA, operates in Hong Kong, and offers 3 trading pairs: BTC, ETH, USD, the chinese exchange Bit520 becomes the first exchange in mainland China to offer the CNY trading pare, hence "IOTA starts its journey into the Chinese market".
IOTA enters Bit520 exchange
That is another small, yet significant step for IOTA cryptocurrency, for which things have been going pretty good lately.