Archive | Ant Financial Services Group

Ant Financial to Finance Blockchain Innovations with USD 14 Billion

Ant Financial – Alibaba affiliate has raised approximately $14 billion to accelerate technological innovations. The equity fund targets top technologies including Artificial Intelligence (AI), Internet of Things and the blockchain technology. The fund was raised in company’s series C round funding. Ant Financial is a Chinese financial service provider with over 800 million subscribers using […]

Chinese E-Commerce Giant Says Blockchain Not A Bubble

Founder of Chinese e-commerce giant Alibaba, Jack Ma, has commented recently that he doesn’t see blockchain as a bubble, unlike sees bitcoin, which is something he has no plans to pursue. The e-commerce boss made the comments at the 2nd World Intelligence Conference, which was held in Tainjin in Northern China on May 26th. At […]