Tencent invests heavily in blockchain, other emerging tech
WeChat owner Tencent is to invest $70 billion in emerging technologies such as blockchain and cloud computing as it seeks to bounce back from COVID-19 slowdown.
The Latest Alibaba News
Alibaba files patent for blockchain insurance and real estate system
Alibaba has continued with its march into blockchain, filing a patent for a transaction system in Brazil that will target insurance, real estate and finance.
TikTok owner teams up with Chinese state media on blockchain venture
ByteDance, the company that owns social media platform TikTok has partnered with a state-sponsored media firm on a blockchain and artificial intelligence venture.
Alibaba denies crypto rewards partnership with Lolli
Lolli had announced the Singles Day partnership with Alibaba, but the retailer says the two companies have never even had direct contact.
Alibaba, 7 others to receive first batch of China’s digital currency
Reports indicate not only which companies will receive the currency first, but many details about the currency as well.
Alibaba wants to put domain name management on the blockchain
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 to integrate blockchain with its intellectual property system
Alibaba is adding to China’s intellectual property regime by creating their own blockchain system.
Alibaba’s investment arm invests in blockchain privacy startup QEDIT
Alibaba has made a big investment in privacy focused blockchain startup QEDIT in an effort to better safeguard their data.
Alibaba to use blockchain technology to protect supply chain
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 poised to adopt blockchain for business operations
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 blockchain remittance service targets Philippine consumers
AlipayHK service will be integrated with GCash, a mobile payment service located in the Philippines, using the blockchain.
Alibaba’s Ant Financial picks up $14B for blockchain development
Ant Financial has received “definitive agreements” for $14 billion in investments, which it will use to increase its technological and blockchain innovation