Blockchain Technology Could ‘Change Our World More Than People Imagine.’ -Alibaba’s Co-Founder

Jack Ma, Alibaba's co-founder, mentioned that blockchain technology could "change our world more than people imagine," while speaking about the potential of the technology in Hong Kong attending the launch of its blockchain-based remittance service Gcash, reported Crypto Disrupt on June 26. The new service will be offered by Jack Ma's Ant Financial in collaboration … Continue reading Blockchain Technology Could ‘Change Our World More Than People Imagine.’ -Alibaba’s Co-Founder

Alibaba Affiliate Will Use $14 Billion Raised to Develop Blockchain And New Technologies

The payment affiliate of China-based giant Alibaba, Ant Financial, will use $14 billion raised in a Series C round funding to develop blockchain and new technologies, reported Coindesk on June 8. The ultimate goal of Ant Financial is to offer inclusive financial services to the underbanked. The sum of money that was raised through the funding … Continue reading Alibaba Affiliate Will Use $14 Billion Raised to Develop Blockchain And New Technologies

Alibabacoin Lawsuit

Alibaba Files Lawsuit Against Dubai-Based Foundation ‘Alibabacoin’

Alibaba filed a trademark lawsuit against Dubai-based firm 'Alibabacoin' because the company used its name to raise $3.5 million in an ICO on Monday, according to Reuters. In the lawsuit document sent to the U.S. District Court in Manhattan, e-commerce giant Alibaba explains that the Dubai firm used the Chinese online retailer's name, which created … Continue reading Alibaba Files Lawsuit Against Dubai-Based Foundation ‘Alibabacoin’