China’s Alibaba Partners With Chinese Software Giant to Promote Blockchain Development

China’s Alibaba Partners With Chinese Software Giant to Promote Blockchain Development

Chinese e-commerce conglomerate Alibaba and Aerospace Information Co., a major software developer and provider, have signed a strategic cooperation agreement for cloud computing, blockchain and other technological services development. Chinese finance publication Securities Daily reported on the deal on March 21. The two parties have agreed to take advantage of their respective brand technologies “to actively integrate resources and carry out in-depth cooperation” in in the fields of cloud computing services, finance and taxation, government affairs and blockchain technology, among others. As the publication states, Aerospace Information will collaborate with Alibaba to work together in research and development in order to promote the integration of new technologies. It...

Alibaba Group and ABBC Blockchain IT Solutions LLC Finally reached a worldwide settlement

Alibaba Group and ABBC Blockchain IT Solutions LLC Finally reached a worldwide settlement

Reuters recently reportedthat the long-running conflict between China’s e-Commerce giant and the Belarus-Dubai based blockchain technology company has finally reached a global settlement. ABBC Foundation has relinquished ownership of the “Alibabacoin” name and has released sole authority of the trademark to Alibaba Group China.  One of the questions here is, why would ABBC Foundation relinquish the trademark to Alibaba Group? It would seem a logical conclusion that Alibaba Group has offered something in exchange to ABBC. Severalrumorssuggest that this decision may be leading up to Alibaba Group’s acquisition of ABBC Foundation. Many are suggesting that this action may be the...

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