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Chinese Billionaire Jack Ma Agrees to Cede Control of Fintech Giant Ant Group
12.1.2023
Chinese billionaire Jack Ma recently agreed to give up control of Ant Group as part of changes to the fintech’s corporate structure, which will supposedly not have an impact on “the economic interests of any shareholders of Ant Group and their beneficiaries.” Once the process...
Fintechs Accounted for Over 30% of Tracked Kenyan Tech Startups in 2022 — Study
7.1.2023
As of November 2022, Kenyan fintechs accounted for 30.2% or 93 out of the 308 tracked tech startups, a Disrupt Africa study recently found. In addition, the study findings show that the fintech sub-sector alone accounted for 3,100 or 27% of the 11,462 people that were employed by tech startups...
Gate.io experiences slowdown in deposits and withdrawals due to node maintenance
18.12.2022
In a statement, the crypto exchange said that users' funds are safe and transactions are still being processed
OKX cites intermittent outage amid Alibaba Cloud equipment anomaly
18.12.2022
Alibaba Cloud Hong Kong IDC Zone C server went offline on Saturday at roughly 10 PM ET and failed to recover for over 7 hours at the time of reporting
Alibaba’s Alipay & Taobao Platform to Launch Digital Yuan Pay Functions
13.12.2022
An affiliate of the Chinese tech giant Alibaba has claimed that it will allow customers to pay with the digital yuan on its Taobao e-commerce platform, in addition to the market-leading Alipay e-payments platform.
Per Sina Technology, the announcement was made by Li Chen, Chief Compliance Officer...
China’s Ant Group to help Malaysia launch crypto-friendly 'super app'
24.8.2022
Expected to launch in early 2023, Kenanga’s crypto-friendly super app will feature digital investment management, e-wallet, FX, stock trading and other services
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions
22.7.2022
China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year...
Big Tech Joins Hands to 'Foster' the Creation of Metaverse Standards
22.6.2022
Meta, Microsoft, Nvidia, Sony, as well as 33 other tech giants racing to build the metaverse have formed a group to create the infrastructure for an interoperable metaverse.
Dubbed The Metaverse Standards Forum, the new initiative aims to introduce interoperability and cross-compatibility...
NFT platforms in China grow 5X in four months despite government warnings
17.6.2022
NFTs are still a gray area in China where unlike cryptocurrencies, there’s no official ban on its use, but the authorities have warned investors against the risks from time to time
Alibaba Cloud launches NFT solution… then quickly memory holes it
10.6.2022
The firm’s NFT marketplace solution included “web hosting, digital marketing & content delivery” infrastructure, but is no longer listed on its website despite still showing up in Google search results
Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow
7.5.2022
The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone....
Read More: Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow
Chinese internet giants remove NFT platforms fearing gov't crackdown
21.3.2022
WeChat removed several accounts for digital collectible platforms for violating the policy of illegal trade, while Ant Group and Tencent-owned NFT platforms updated their user agreements
Nifty News: Are Tai Lopez NFTs the market top? Alibaba massage gun scandal... and more
10.3.2022
Tai Lopez’s NFT drop has caused a stir while Alibaba has banned users from using massage guns to spam buy NFTs
Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate
9.1.2022
China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to...
Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny
21.12.2021
China’s tech giants are hopeful of launching metaverse and non-fungible token (NFT) businesses despite suffering a torrid year at the hands of the country’s vehemently anti-crypto government. Heavy-hitters including JD.com and Alibaba have laid out plans that involve metaverse and NFTs, although...
Chinese e-commerce giant JD.com drops NFT series on its own blockchain
20.10.2021
JD.com implements its own blockchain to issue free NFTs to attendees of its annual JD Discovery conference
Alibaba Suspends Sale of Cryptocurrency Mining Hardware on Its Platform
29.9.2021
Alibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform. The sales behemoth made this announcement yesterday via its official website. The move is a direct consequence of the latest ban the Chinese government has applied...
Alibaba to ban crypto miner sales amid Chinese crackdown
28.9.2021
Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct. 15 will face significant penalties
Chinese Communist Party warn of NFT hype bubble
10.9.2021
The local news publication, acting as the party's spokesperson, warned of a major decrease in the value of NFT assets once its bubble pops
Alibaba’s NFT Marketplace Allows Content Creators to Copyright Work via Blockchain IP Service: Report
17.8.2021
The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. According to regional reports, the Alibaba NFT platform not only provides customers with the ability to purchase and sell NFTs, but the marketplace also allows people to license and sell...