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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”...

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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...

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ONO founder: “Don’t want to create centralized apps and pretend it’s a blockhain project”

ONO founder: “Don’t want to create centralized apps and pretend it’s a blockhain project”

Chinese media platform Caijing recently interviewed Chinese blockchain entrepreneur and founder of social media platform ONO Xu Ke (徐可). Within China, ONO is considered a high potential blockchain project and it received a lot of attention during 2018. The post-95 business lady developed and operated the social networking app ERA in 2015, which ranked 6th...

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How China’s Major Banks Aim to Apply Blockchain

How China’s Major Banks Aim to Apply Blockchain

The “intelligent transformation” of commercial banks in China is accelerating. Smaller and less efficient branches are being abolished and being consolidated into large and complete outlets focusing on lighter and smarter services. To further improve their competitive advantage, many banks made it clear that they would invest heavily in financial technology, where blockchain technology is...

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Blockchain Gains Mainstream Exposure in Popular Chinese Variety Show

Blockchain Gains Mainstream Exposure in Popular Chinese Variety Show

Blockchain has been attracting global attention in these years. However, the abstract concept seems to fail to introduce and demonstrate its applicability to real-world use. Even the technically savvy may have a tough time understanding what blockchain is. Regarding this, many tech-savvy individuals, enterprises and organizations stand out to educate average people about blockchain. In the...

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Chinese Crypto Project Bottos Is Plagued By Internal Strife as the CEO Was Ousted

Chinese Crypto Project Bottos Is Plagued By Internal Strife as the CEO Was Ousted

The Chinese crypto project Bottos has plagued by the internal strife with its founder Tingting Wang and her husband Haiming Huang, the project’s ‘de facto’ controller, refusing to disclose the use of funds and ousting the co-founder and CEO Xin Song. Launched in November 2016, Bottos is a self-described all-encompassing artificial intelligence (AI) blockchain ecosystem, which provides digital marketplaces...

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Alibaba’s Ant Financial Launches 2 Blockchain Subsidiaries in Shanghai

Alibaba’s Ant Financial Launches 2 Blockchain Subsidiaries in Shanghai

Last week, Alibaba’s payment arm Ant Financial has launched two new blockchain affiliates at Huangpu District, Shanghai. Reportedly, the two blockchain startups, Ant Blockchain Technology (Shanghai) Co., Ltd, and Ant Double Chain Technology (Shanghai) Co., Ltd, mainly feature the innovation Fintech business of Ant Financial. According to the National Enterprise Credit Information Publicity System, both of the...

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Alibaba’s Ant Financial Offers $270K Bounty for Blockchain Competition Winners

Alibaba’s Ant Financial Offers $270K Bounty for Blockchain Competition Winners

Ant Financial, China’s largest online payment platform operated by Alibaba, is launching a blockchain innovation competition as part of its efforts to speed up development and implementation of the edge-cutting blockchain technology. The Ant Blockchain Innovation Competition, with the theme of “Blockchain Creates Future”, was launched Jan.4, 2019 at the Ant Technology Exploration Conference (ATEC) in Shanghai....

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China’s New Crypto Ranking: Bitcoin Upgraded, Tron Debuts Near Top

China’s New Crypto Ranking: Bitcoin Upgraded, Tron Debuts Near Top

China’s Center for Information and Industry Development has released its latest ranking of crypto projects. A total of 35 projects were evaluated this month, with Tron debuting near the top of the list. Meanwhile, Bitcoin has climbed up the ranking slightly. The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and...

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Mining Fraud: Chinese Investors Lose $2 million

Mining Fraud: Chinese Investors Lose $2 million

18 investors allegedly lost 12.7 million yuan ($ 1.89 million) in China’s biggest crypto mining fraud in 2018 which was initiated by a notable photovoltaics (PV) company, blockchain-focused media 31 Degree North Latitude Pro reported on Feb.20. Rijing Photoelectric (青海日晶光电有限公司), located in Delingha, northwest China’s Qinghai Province, was hailed as a key player for Qinghai’s PV industry with strong...

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