News
China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector.
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Alibaba News
Alibaba Group is a public Chinese company that specializes in the sphere of e-commerce and also owns the business-to-business web portal Alibaba.com. The company was founded in 1999 by Ma Yun — known professionally as Jack Ma — and currently is headquartered in Hangzhou. Alibaba has several platforms, such as Alibaba pictures for film directing, Alibaba Express (officially AliExpress) — an international trading platform — and AliPay — a platform for online payments. As China has banned the use of cryptocurrency in the country, the company supported such policy and made all payments in Bitcoin invalid. Nevertheless, the founder of service believes in the prospects of blockchain technology for the cloud storage and logistics of the corporation.
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At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim.
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Alibaba’s payments arm Ant Group has launched a new blockchain solution, AntChain, for increased trust and transparency in industrial processes.
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The biggest port operator in China joined the e-commerce giant and Ant Financial to strengthen blockchain’s adoption across the port industry.
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Alibaba co-founder Jack Ma resigns from SoftBank’s board of directors as the firm posts the worst operating losses in its history.
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DLT firms are targeting the copyright industry, with Ontology partnering with social creator platform OGQ to copyright 250 million pieces of digital content.
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China’s cyberspace commission has issued approvals for 224 blockchain projects, including ventures from the country’s major tech companies.
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Ant Financial launched a new consortium blockchain platform for SMEs and developers.
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China Everbright Bank, one of the world’s largest public firms, debuted a blockchain-based supply chain finance solution by Ant Financial.
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Alibaba’s import e-commerce platform embraces ant blockchain traceability system to make consumer goods transparent and trackable.
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Fintech and blockchain developer Ant Financial, an affiliate of e-commerce giant Alibaba, has been ranked the fifth most valuable private firm in China.
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Alibaba Group’s movie-making arm Alibaba Pictures plans to tokenize distribution rights for its new film "Striding into the Wind.”
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China’s Zhejiang province processed $5.9 billion via a blockchain medical billing platform using Ant Financial’s blockchain tech.
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Bitcoin rewards shopping app Lolli maintains that they had partnered with Chinese e-commerce giant Alibaba before Singles’ Day marketing campaign.
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The financial technology subsidiary of Chinese e-commerce giant Alibaba, Ant Financial, started testing its enterprise blockchain platform.
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