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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’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

Former Disney CEO Bob Iger Enters into Metaverse, Investing in Meta Company Genies

Bob Iger, the former CEO and chairman of the US diversified multinational mass media and entertainment conglomerate Disney, has made a personal investment in Genies, a digital avatar technology company, followed by joining the board of the Los Angeles-based metaverse firm. Iger, who stepped down as chairman of Disney last year, has joined the Genies … Continue reading Former Disney CEO Bob Iger Enters into Metaverse, Investing in Meta Company Genies

Metaverse-related Market Size in China Expected to Reach $4T: JPMorgan Chase

The market of the Metaverse could triple China’s online gaming market from $44 billion to $131 billion, according to a recent research report by JPMorgan Chase (JPM) on Thursday. At present, the metaverse is still mainly in the concept version 1.0, that is, a virtual world that satisfies the experience attributes. All AR/VR scenarios can be … Continue reading Metaverse-related Market Size in China Expected to Reach $4T: JPMorgan Chase