On September 2, BlockBeats reported that Alibaba founder Jack Ma indirectly held about 11.15% of Yunfeng Financial through Yunfeng Fund. Yunfeng Financial has accumulated 10,000 ETH in the open market at a total investment cost of approximately $44 million. The purchased ETH has been categorized as part of the Group’s
According to reports, Chinese IT giant Alibaba Cloud has partnered with the non-profit NEAR Foundation which developed the decentralized platform NEAR Protocol to promote Web3 throughout Asia and the Middle East. The native token of the ecosystem, NEAR, had its value increase by more than 13 percent following the announcement.
Joseph Tsai has been named the next Chairman of Alibaba Group, a Chinese technology corporation specializing in e-commerce, succeeding Daniel Zhang. The Taiwanese-Canadian business mogul is worth billions of dollars. And his name has been attached to a number of other cryptocurrency and digital asset-related endeavors. Blue Pool Capital, the
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has announced a partnership with the layer-1 blockchain Avalanche. The collaboration is to build a launchpad named Cloudverse for Alibaba clients. With Cloudverse, businesses can rapidly deploy metaverses on the Avalanche blockchain. Today, @alibaba_cloud announced that they are entering
Tongyi Qianwen, which translates to “truth from a thousand questions,” is an AI language model that is capable to write invitation letters, organize vacations, and provide beauty product recommendations to buyers. The AI language model has been launched by Chinese tech giant Alibaba. Initially, Tongyi Qianwen will be included in
