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Digital cash for a digital store.

Jing suggested that many projects behind initial coin offerings can provide nothing but a poor white paper, and he appeared to rule out the possibility of his firm holding an ICO. Only after that will the industry be able see real blockchain applications come into place, he said.

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A notable internet entrepreneur in China, Jing is a long time veteran of the Alibaba Group, having helped to grow the AliPay business, as well as its operator, Ant Financial.

Despite the criticism of ICOs, Alibaba has made moves into the blockchain space, taking a focus on technological development. As reported previously, Ant Financial has already developed a blockchain-powered platform for charity donations. In his comments, Jing said that one of the main blockchain focuses for Ant Financial going forward will be to work on cross-blockchain compatibility.

Alibaba image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.Alibaba Group Holding Ltd's total value of goods transacted during its Singles' Day shopping festival was billion yuan ($ billion), the Chinese e-commerce giant said in Beijing on Thursday.

The end result: $22 billion raised in capital, the largest IPO in history, beating out Visa’s six year old record. Million Ballots are In but the Fate of Colorado Oil & Gas Development.

The Review of Alibaba's Operation Management Details that have Navigated them to Success. of management and business analysis gets busy trying.

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() Yahoo! decides to. Alibaba's UC Browser under govt scanner over data leaks.

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The Centre for Development of Advanced Computing (C-DAC), Hyderabad is doing technical investigation into the allegation made in University of Toronto report, which also mentioned that the browser is mostly used in India and China.

Watch Daily News and Analysis with Mimansa Malik. Since the emergence of the concept of applying decentralized systems to a variety of industries in early , many blockchain consortia and development firms have established their focus on utilizing the blockchain to rebuild supply chains.

Speaking on the launch of the English version of DingTalk at the Consumer Electronic Show (CES) in Las Vegas, Chris Wang, Head of Global Business Development for DingTalk said, “Our endeavour is to empower SMEs so they can scale and become part of the global marketplace.