Alibaba

Alibaba is facing an anti-monopoly probe by Chinese regulators

VCG via Getty Images China’s market regulator has opened an investigation into Alibaba’s “suspected monopolistic conduct.” The State Administration for Market Regulation has posted a short statement on its website announcing the anti—monopoly probe. The regulator seems to have taken issue with Alibaba’s “choosing one from two” policy, in particular. According to TechCrunch, that policy …

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Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years

The digital yuan, China’s planned national virtual currency, would account for 15% of total consumption payments in ten years, helping commercial banks gain more ground from fintech companies, according to a Nov. 17 Goldman Sachs report shared with CoinDesk. The Digital Currency Electronic Payment (DC/EP) could be a more attractive alternative to existing digital payment …

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The US is number one…in blockchain patents

Despite Chinese firm Alibaba filing the most patents so far this year, the United States still takes the lead as the country with the most blockchain patent, a Sept. 17 report from intellectual property consultancy KISSPatent. IBM and Alibaba hold the most blockchain patents. Alibaba has filed more than 200 patents while IBM filed a …

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Report: Blockchain Patents ‘Skyrocket’ in 2020, Alibaba Owns the Most Crypto Patents

A study from the team at Kisspatent shows that Alibaba Group is the largest blockchain patent holder in 2020 capturing 10x the number of patents held by IBM. The report notes that blockchain patents “are skyrocketing” this year and so far in 2020, there’s been more distributed ledger technology and cryptocurrency patents published than all …

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China’s Digital Yuan to Reportedly Target Dominance of Alibaba and Tencent

The People’s Bank of China is purportedly planning to use its digital currency electronic system (DCEP) — another moniker for its central bank digital currency — to target the dominance of technology giants like Alibaba and Tencent in the digital payments sector. The report comes only a few days after claims of the central bank …

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Global Shipping Giant Cosco to Trial Alibaba’s Ant Blockchain

One of the world’s largest freight carriers wants to use an enterprise blockchain from the Alibaba Group to cut costs. Disclosure 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 …

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