WeChat removed several accounts for digital collectible platforms for violating the policy of illegal trade, while Ant Group and Tencent-owned NFT platforms updated their user agreements.
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.
JD.com implements its own blockchain to issue free NFTs to attendees of its annual JD Discovery conference.4240
Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct. 15 will face significant penalties.18641
The local news publication, acting as the party's spokesperson, warned of a major decrease in the value of NFT assets once its bubble pops.5824
Global Shipping Business Network launched a new blockchain-based platform to digitize the shipping process and sought out key partnerships to target the Asian markets.41849
Alibaba has launched a new marketplace allowing trademark holders to sell NFTs representing licenses to their copyright.22146
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.4505
Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan.7440
Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.11574
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.6630
Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most-cited developer of patents in the industry.4827
The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn't hold up if you look at the facts on the ground.10363
Exploring where national security meets securities offerings in this week's crypto news.9939
China's market regulator finalizes rules that have been three months in the making.13133
Several of Ant Group’s offerings including the blockchain division will reportedly become part of a financial holding company.3998