Alibaba Outlines 10 Tech Trends for 2020: Large-scale Production-Grade Blockchain Applications Will Gain Mass Adoption

Jan 2, 2020

Alibaba DAMO Academy, the e-commerce giant’s $15 billion global research institution, published its prediction of 10 key trends that will hit their stride in the new year on Thursday Jan. 2. From AI, chip and cloud computing to blockchain and quantum computing, DAMO (whose initi...

Alibaba’s Ant Financial Eyes Singapore Virtual Bank License

Nov 21, 2019

Alibaba Group’s Ant Financial, the Chinese online payment firm formerly known as Alipay said it may apply for a digital banking license in Singapore, a move that would add a heavyweight contender to the race of digital bank in Southeast Asia. The Monetary Authority of Singapore said...

Alibaba Leverage Blockchain in Tracing Over 400 Million Cross-Border Goods during Its 2019 Shopping Blitz

Nov 12, 2019

Chinese retail juggernaut Alibaba has leveraged blockchain technology in tracing more than 400 million cross-border commodities in this year’s Double 11 Shopping Festival. "In the future, blockchain will transform life and business, just like mobile payment, and become the infrastructure of ...

Ant Financial Unveils Blockchain-driven Eco with Application Scenarios Covering All Walks of Life

Sep 26, 2019

Ant Financial, a spin-off of Chinese e-commerce giant Alibaba and akin to Paypal in the U.S., has revealed its blockchain-driven open ecosystem and a cross-chain product ODATS (Open Data Access Trusted Service) at the Apsara Conference held by Alibaba as an annual tech and cloud ...

China Has Filed the Most Blockchain Patent Applications in H1 2019

Aug 29, 2019

Blockchain patent applications from China-based enterprises have accounted for 67% of the world’s total, with the country’s e-commerce giant Alibaba and insurance giant PingAn being the most active filers in the first half of 2019. According to a report recently released by IPR Daily (a...

Blockchain Gains Mainstream Exposure in Popular Chinese Variety Show

Mar 5, 2019

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 indi...

Alibaba’s Tmall Platform Launches A Blockchain-based Traceablity System to Track Import Goods

Feb 22, 2019

Of late, Tmall Global, a B2C marketplace of Chinese e-commerce giant Alibaba has begun the trial operation of its blockchain powered “end-to-end blockchain traceability system” in order to achieve maximum transparency and traceability for the import goods. It was reported that the tr...

Blockchain’s First Appearance in Alibaba’s ‘Double 11’: Tracing for 150 Million Overseas Commodities

Nov 6, 2018

As the e-commerce giant Alibaba held the first Double 11 Shopping Festival on Taobao.com in 2009, November 11th has become a special shopping day in China. Last year, Alibaba has earned $25 billion in 24 hours. This time, the firm is aiming to create greater glory with the help of block...

Alibaba’s Jack Ma Wrote “Use Blockchain for Manufacturing Industry Revolution” in His Last Letter to Shareholders

Oct 31, 2018

October 30, Jack Ma, the chairman of E-commerce giant Alibaba and China’s leading digital payments platform Ant Financial has issued an open letter to Alibaba’s shareholders, saying that blockchain and other advanced technologies are the keys in manufacturing industry revolution. It...

China’s Alibaba Cloud Takes Its BaaS to Global Markets

Oct 26, 2018

October 24, China’s e-commerce giant Alibaba has extended its cloud BaaS (blockchain-as-a-service) product to broader international markets. The BaaS service was initially launched in China by Alibaba’s computing arm Alibaba Cloud in August 2018. This time, the firm is offering their...