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.
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.
At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim.4981
Alibaba’s payments arm Ant Group has launched a new blockchain solution, AntChain, for increased trust and transparency in industrial processes.5201
The biggest port operator in China joined the e-commerce giant and Ant Financial to strengthen blockchain’s adoption across the port industry.13206
Alibaba co-founder Jack Ma resigns from SoftBank’s board of directors as the firm posts the worst operating losses in its history.14318
DLT firms are targeting the copyright industry, with Ontology partnering with social creator platform OGQ to copyright 250 million pieces of digital content.8320
China’s cyberspace commission has issued approvals for 224 blockchain projects, including ventures from the country’s major tech companies.21982
Ant Financial launched a new consortium blockchain platform for SMEs and developers.2460
China Everbright Bank, one of the world’s largest public firms, debuted a blockchain-based supply chain finance solution by Ant Financial.4543
Alibaba’s import e-commerce platform embraces ant blockchain traceability system to make consumer goods transparent and trackable.13772
Fintech and blockchain developer Ant Financial, an affiliate of e-commerce giant Alibaba, has been ranked the fifth most valuable private firm in China.2492
Alibaba Group’s movie-making arm Alibaba Pictures plans to tokenize distribution rights for its new film "Striding into the Wind.”4055
China’s Zhejiang province processed $5.9 billion via a blockchain medical billing platform using Ant Financial’s blockchain tech.2990
Bitcoin rewards shopping app Lolli maintains that they had partnered with Chinese e-commerce giant Alibaba before Singles’ Day marketing campaign.8196
The financial technology subsidiary of Chinese e-commerce giant Alibaba, Ant Financial, started testing its enterprise blockchain platform.2435