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Tag Archives: Alibaba

China’s Electric Vehicle Maker Xpeng is Selling NFTs on Alibaba

Apr 12, 2022

The Chinese electric vehicle manufacturing company Xpeng has joined the growing list of establishments that are deploying Non-Fungible tokens, popularly called NFTs for various purposes. Xpeng’s use of the innovative technology is for marketing purposes while marking the occasion of rollin...

Tencent and Alibaba Tighten NFT Rules to Avoid Regulatory Crackdown

Mar 23, 2022

In a move that is largely assumed to be proactive, China’s tech giants, Tencent and Alibaba have modified their NFT rules. These modifications are believed to be aimed at discouraging any moves by Chinese regulators to crack down on the emerging industry. Top among the concerns of the ...

Alibaba-Owned SCMP Is Launching Its Own NFTs

Jul 20, 2021

The largest English-language newspaper in Hong Kong, the 118-year-old South China Morning Post, announced that it will issue its own NFTs. The oldest running Hong Kong newspapers published a whitepaper detailing the upcoming NFTs and explaining, in detail, what the NTFs will repr... Breaks New Grounds With China’s CBDC Involvement

Dec 7, 2020

Olusegun Ogundeji

The proposed testing of China’s central bank digital currency (CBDC) in Suzhou is going to involve the fintech arm of accepting digital yuan as payment for some products on its online mall, the Chinese e-commerce company has said. JD Digits will participate in the Suzhou pro...

Jack Ma Believes Digital Currencies Are a Solution to Future Problems

Oct 27, 2020

With the majority of China’s vast government spending copious amounts of time and money into pushing for the development of blockchain technology, it was only a matter of time before the company’s corporations began expressing their interest in the new technology. This was the main theme at the...