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.

News
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.
Chinese Communist Party warns of NFT hype bubble
Tom Farren
2021-09-10T17:00:00+01:00
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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 m...
New blockchain platform aims to track one-third of all shipping containers globally
Brian Quarmby
2021-09-10T06:45:05+01:00
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Alibaba has launched a new marketplace allowing trademark holders to sell NFTs representing licenses to their copyright.
Alibaba launches NFT marketplace for copyright trading
Brian Quarmby
2021-08-17T06:51:26+01:00
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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...
China’s central bank worried about stablecoins’ risk to financial systems
Helen Partz
2021-07-08T08:52:12+01:00
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Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan.
Ant Group highlights private sector's role in developing digital yuan
Helen Partz
2021-04-26T19:00:00+01:00
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Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.
Top Chinese banks promote CBDC over local payment firms for shopping festival
Martin Young
2021-04-26T05:22:06+01:00
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Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.
China’s digital yuan is backup to AliPay and WeChat Pay, says official
Helen Partz
2021-03-26T11:39:23+00:00
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Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most-cited developer of patents in the industry.
Chinese holding firm Ping An overtakes Tencent in blockchain patents race
Helen Partz
2021-03-15T09:44:15+00:00
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