Search Results for: Alibaba

Alibaba Moves to Expand Its Scope For Its Blockchain-powered Charity Project

Ant Financial, an affiliate of Alibaba the e-commerce giant is making efforts to increase the scope and accelerate its charity project which happens to be a blockchain initiative. Alibaba announced that it will make use of blockchain to protect third parties who donate money to charity. The project was revealed last summer with Ant Love, … Continue reading Alibaba Moves to Expand Its Scope For Its Blockchain-powered Charity Project

Alibaba Unveils Its First Home-Grown AI Chip

This article is contributed by our content partner, Nexchange NOW. Chinese e-commerce giant Alibaba unveiled its first artificial intelligence inference chip on Wednesday, a move which could further invigorate its already rip-roaring cloud computing business. According to the SCMP, the chip, called the Hanguang 800, specializes in speeding up machine learning tasks while being more … Continue reading Alibaba Unveils Its First Home-Grown AI Chip

Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry

During the ongoing 28th Golden Rooster and Hundred Flowers Film Festival in Xiamen, China, Li Jie, Senior Vice President of Alibaba Pictures, noted that blockchain was crucial in propelling the growth of the Chinese film industry.  He acknowledged that it was no longer in oblivion that blockchain was transforming various industries, and the film sector … Continue reading Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry

Alibaba Integrates New Blockchain System With its E-Commerce Platform to Enhance Traceability

Alibaba has recently announced its integration of a full-link traceability blockchain system into its import e-commerce platform, Kaola. The Chinese e-commerce giant has previously acquired NetEase’s Kaola cross-border e-commerce platform in September 2019 for $2 billion.  Alibaba Group’s CEO previously said that the company is confident about the future of China’s import e-commerce market, “which … Continue reading Alibaba Integrates New Blockchain System With its E-Commerce Platform to Enhance Traceability

Alibaba to Bring Blockchain Technology to Chinese Shipping Ports

China is tapping into the potential of blockchain technology like none other; the country’s entrepreneurs and local governments alike have already started implementing blockchain-based projects while most of the globe grapples with legality issues.  China looks to blockchain In the latest push, the China Merchants Port announced last week its implementation of blockchain technology in … Continue reading Alibaba to Bring Blockchain Technology to Chinese Shipping Ports

Alibaba Group and COFCO Group Signed a Memorandum of Cooperation through Blockchain Technology

According to XINHUANET, on June 5, Alibaba Group and COFCO Group, China’s largest food processing company, signed a memorandum of cooperation through blockchain technology to jointly open the prelude to the digital transformation of China’s exhibition industry.    After China’s President Xi Jinping’s speech on blockchain technology at the study session of the Politburo held On Oct. 25, 2019, many Chinese giants … Continue reading Alibaba Group and COFCO Group Signed a Memorandum of Cooperation through Blockchain Technology

Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain

Alibaba subsidiary Ant Group CEO Simon Hu is accelerating Alipay’s progression into an online mall for commerce, food, travel services to rival Tencent Holdings Ltd. Ant Group Chief Executive Simon Hu has been in discussions regarding digital payment and cloud offerings with KFC and Marriott International, aiming to diversify its focus from traditional banks and … Continue reading Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain

Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai

Ant Group, formerly known as Ant Financial has announced its intentions of launching an initial public offering (IPO) that would be featured both on the Shanghai Stock Exchange’s STAR board and the Stock Exchange of Hong Kong (HKEX/ SEHK).   The Inner Scoop on Ant Group’s IPO The STAR board focuses predominantly on technology companies and hopes to rival Nasdaq. A senior executive of Ant Group disclosed anonymously … Continue reading Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai

Alibaba Founder and China's Richest Man Jack Ma: Digital Currency Could Redefine Money

Alibaba founder Jack Ma believes that digital currency will likely redefine money and be at the core of our future global financial system. On Oct. 24, at the “Second Bund Financial Summit” organized by the China Financial Forty Forum (CF40) and the member institutions of the organizing committees, Jack Ma delivered a speech as the co-chair of … Continue reading Alibaba Founder and China's Richest Man Jack Ma: Digital Currency Could Redefine Money

Alibaba Founder Jack Ma Criticizes Current Financial Regulations

Alibaba founder Jack Ma highlights the importance of innovations over regulations. Recently, Ma made a voice for digital currency at the “Second Bund Financial Summit” organized by the China Financial Forty Forum (CF40), asserting that “digital currency could redefine money.” In contrast, he criticized the current banking regulations and supervisory practices — Basel Accords. He explained: “Basel Accord … Continue reading Alibaba Founder Jack Ma Criticizes Current Financial Regulations

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