Lolli had announced the Singles Day partnership with Alibaba, but the retailer says the two companies have never even had direct contact.
Reports indicate not only which companies will receive the currency first, but many details about the currency as well.
Alibaba thinks that the blockchain is the perfect spot for logging domain name registrations and has filed for a patent (in pdf) with the U.S. Patent and Trademark Office.
Alibaba has made a big investment in privacy focused blockchain startup QEDIT in an effort to better safeguard their data.
Alibaba announced on Wednesday that they would be working on their own blockchain solution to closely monitor their supply chains, a move that has been necessitated as the company has moved beyond its own borders.
Ant Financial is seriously exploring the possibilities of using blockchain technology not just as value-added services but more B2C use cases and hopes to expand to cross-border payment services globally.
AlipayHK service will be integrated with GCash, a mobile payment service located in the Philippines, using the blockchain.
Ant Financial has received “definitive agreements” for $14 billion in investments, which it will use to increase its technological and blockchain innovation
Judge J. Paul Oetken has thrown out the lawsuit filed by Chinese retail giant Alibaba against cryptocurrency Alibabacoin.
Two Alibabas are at war: Chinese e-Commerce giant Alibaba.com is suing Dubai-based Alibabacoin Foundation, which launched and raised over $3.5 million through an ICO.