News
After founding Ant Group in 2014, Chinese billionaire Jack Ma is now ceding control of the company as part of Ant’s corporate structure changes.
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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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The crypto exchange says that user funds are safe and that transactions are still being processed.
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Alibaba Cloud Hong Kong IDC Zone C server went offline on Saturday at roughly 10 pm ET and failed to recover for over 7 hours at the time of reporting.
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Expected to launch in early 2023, Kenanga’s crypto-friendly super app will feature digital investment management, e-wallet, FX, stock trading and other services.
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NFTs are still a gray area in China where, unlike cryptocurrencies, there’s no official ban on their use but the authorities have warned investors against the risks from time to time.
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The firm’s NFT marketplace solution included “web hosting, digital marketing & content delivery” infrastructure but is no longer listed on its website despite still showing up in Google search results.
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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.
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JD.com implements its own blockchain to issue free NFTs to attendees of its annual JD Discovery conference.
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Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct. 15 will face significant penalties.
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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.
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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.
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Alibaba has launched a new marketplace allowing trademark holders to sell NFTs representing licenses to their copyright.
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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.
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Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan.
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Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.
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