Trade war or not, Amazon intends to challenge Alibaba’s dominance in China’s e-commerce industry. The Jeff Bezos-led company is on a hiring spree in China. Not to be outdone, Alibaba plans to raise up to $ 20 billion through a listing in Hong Kong. By CCN Markets: The war for China’s e-commerce marketplace is heating up, and it may result in a clash between two titans of industry: US powerhouse Amazon and homegrown champion Alibaba. Both Alibaba (NYSE: BABA) and Amazon (NASDAQ: AMZN) have had new developments emerge this week which signal increased competition in China’s e-commerce industry, despite the looming
The cloud computing division of China’s largest online retailer Alibaba has announced the expansion of its Blockchain as a Service offering beyond its domestic market. In a statement, Alibaba Cloud disclosed that the blockchain service will now be available in the United States as well as countries in Europe and South East Asia. “Our customers
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Justin Sun, the CEO of TRON (TRX), recently took to Twitter to tease a partnership with an unidentified company worth “tens of billions” of USD in an unknown industry. Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name 😊#TRON #TRX $ TRX — Justin Sun (@justinsuntron) October 12, 2018 While […]
Chinese e-commerce giant Alibaba has applied to patent a blockchain system that allows a third-party administrator to execute “special transactions” such as halting a smart contract or freezing an account linked to illegal activity. According to documents made public on Thursday by the U.S. Patent & Trademark Office (USPTO), the Hangzhou-based firm submitted the application
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China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Intellectual Property Rights Arms Race Research by Thomson Reuters shows that 56 percent of all 406 blockchain patents issued around the world
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Chinese search giant Baidu has made moves to block crypto related content on its online portals, according to China Times. The Beijing based media outlet, reported on Sunday that the search giant plans to restrict or place an outright ban on crypto related topics on the firm’s Reddit-like online form, known as Baidu Tieba. At
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As part of an ongoing country-wide crackdown, China’s two largest technology companies, Tencent (TCEHY) and Alibaba (BABA), have reportedly banned cryptocurrency transactions on WeChat Pay and Ant Financial’s Alipay, respectively. According to a report by Chinese tech media outlet tech.qq, Tencent has taken immediate steps to limit the ability of WeChat users to conduct virtual currency transactions, including real-time monitoring […]
A public blockchain project founded by former members of Alibaba’s blockchain arm has raised over $ 20 million in a combined token and equity sale.
A new patent filing reveals Chinese e-commerce giant has been exploring the use of blockchain technology to speed up international payments.
Chinese e-commerce giant Alibaba is trialling a blockchain-based tracking system developed to make its supply chain more transparent.
Despite yesterday’s market slide, crypto mania is still alive and kicking. More and more companies are investing in their own blockchain solutions and cryptocurrencies. The latest to enter into the world of digital assets is Chinese e-commerce giant Alibaba.
According to reports, the online shopping behemoth is launching its own crypto mining platform called P2P Nodes. This comes in the same month that China has vowed to crackdown on crypto mining, peer-to-peer trading, and local and international trading platforms, services, and groups.