The trade war with China homes in on the country's thriving digital payments industry.
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.
The current conservative international financial system doesn't suit young people or young economies, says Ma.30035
The platform is just the latest product in the fintech’s long-evolving blockchain solutions.4530
Hint: It's not a blockchain company.17008
But the company with the most patents isn’t even American.8207
China’s Ant Group is prepping for the largest IPO in history.7756
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.10647
At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim.5112
Alibaba’s payments arm Ant Group has launched a new blockchain solution, AntChain, for increased trust and transparency in industrial processes.6017
The biggest port operator in China joined the e-commerce giant and Ant Financial to strengthen blockchain’s adoption across the port industry.13374
Alibaba co-founder Jack Ma resigns from SoftBank’s board of directors as the firm posts the worst operating losses in its history.14471
DLT firms are targeting the copyright industry, with Ontology partnering with social creator platform OGQ to copyright 250 million pieces of digital content.8429
China’s cyberspace commission has issued approvals for 224 blockchain projects, including ventures from the country’s major tech companies.22106
Ant Financial launched a new consortium blockchain platform for SMEs and developers.2704
China Everbright Bank, one of the world’s largest public firms, debuted a blockchain-based supply chain finance solution by Ant Financial.4706