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Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike

Digital RMB testing for cross border payments and electric vehicles continues, sentiment takes a dive and blockchain events return to meatspace. Sentiment in China has slumped as WeChat searches for Bitcoin dropped 7% this week, while searches for “bear market” spiked 102%. One trend that remained strong was NFT-related, with NFTs receiving an 86% increase in WeChat searches over the seven-day period. Token sales were another hot item with interest in Casper Labs surging after signups on CoinList breached 100,000 on global platforms. One high-profile token sale to emerge from China was DAO-as-a-Service platform Dora Factory. The project, backed by…

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China’s Ant Group launches cross-border trade platform to support SMEs

Trusple platform promises to apply blockchain, AI and IoT technology to streamline cross-border trading processes for SMEs. Ant Group, the parent company of Chinese payments giant Alipay, unveiled its new Antchain-based global trade platform for small to medium-sized enterprises, or SMEs on Sep. 25. Going by the moniker of Trusple, the platform is based around a concept of “Trust Made Simple”, and aims to streamline the process of cross-border trading. According to Guofei Jiang, President of Ant Group’s Advanced Technology Business Group: “Trusple was designed to solve problems for SMEs and financial institutions involved in cross-border trading.” The claimed problems…

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Alibaba’s Payment Affiliate Ant Group Prepares for $30 Billion IPO 

Ant Group, the financial services subsidiary of Chinese multinational conglomerate Alibaba Group, is gearing up for the largest Initial Public Offering (IPO) in history. Speaking with finance news source Bloomberg earlier this week, company insiders have confirmed that the company plans to go public and is seeking a $226 billion valuation. The World’s Largest Public Offering  Bloomberg confirmed that Ant Group’s IPO could best that of Saudi Arabia’s state-owned oil company Saudi Aramco — which raised $29.4 billion in its public offering last year. The Chinese financial services company is looking to raise about $30 billion from this offering, in a…

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Az AntChain meghódítja Kínát és utána és az egész világot

A 200 milliárd dollár értékkel rendelkező Ant Group az egyik legfontosabb szereplő jelenleg a kínai blokklánc ökoszisztémában. Sok éven át a Nasdaq harangjának megkongatása volt a kínai vállalkozók és cégek legfőbb álma. Azonban manapság Kína és az USA szinte semmiben nem ért egyet, ezért sok kínai vállalat fontolgatja – vagy végre is hajtott – egy „homecoming” másodlagos jegyzést Hongkongban, az elsődleges new york-i tőzsdei jegyzés mellett. A cél természetesen az, hogy kedvezzünk annak az oldalnak, aki alacsonyabb kockázatot jelent, és üzleti szempontjából fontosabb. Az Ant Group, az Alibaba Group Holdings leányvállalata, azonban egyből kettőt lépett előre. Kihagyta a tőzsdei jegyzést az…

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Alibaba Payments Subsidiary Launches AntChain Blockchain Solution

Alibaba’s payments arm Ant Group has launched a new blockchain solution, AntChain, for increased trust and transparency in industrial processes. The payments subsidiary of the Chinese e-commerce giant Alibaba, Ant Group, today launched a new blockchain solution dubbed AntChain. According to a report published on South China Morning Post, AntChain is built on top of Ant Group’s blockchain technology combining artificial intelligence, Internet of Things (IoT), secure computation and other technologies.As part of the AntChain initiative, the Ant Group has built a new workstation similar in size to a laptop. It comes with built-in software and hardware accelerator meant to smoothen…

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