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“Jack Ma’s Alibaba at risk of being delisted by SEC” Jack Ma’s Alibaba Group Holding is among a list of Chinese companies that could face delisting, the Securities and Exchange Commission said Friday, pushing the e-commerce giant’s shares down about 10%. Alibaba is among more than 270 Chinese companies listed in New York identified as being at…
” NFT platforms in China grow 5X in four months despite government warnings “ The popularity of nonfungible tokens is on the rise as recent data shows that the number of digital collectible platforms in China has grown to over 500, a 5X increase from February 2022, when the total number of NFT platforms was…
” Alibaba Cloud launches NFT solution… then quickly memory holes it “ The cloud business unit of Chinese marketplace giant Alibaba Group Holdings launched a new NFT solution and then promptly deleted all mention of it online. According to a now-deleted Twitter post announcing the launch on June 8, the firm’s NFT marketplace solution included…
“Rumors of Jack Ma’s ‘arrest’ cost Alibaba $26 billion” Alibaba co-founder Jack Ma’s rumored arrest — which later turned out to be false — sent shares of the company falling by as much as 10% within minutes on Tuesday morning and cost the firm $26 billion in value. The billionaire Ma has scarcely been seen…
“Nets owner Joe Tsai reportedly tried to get Daryl Morey fired” Brooklyn Nets owner Joe Tsai lobbied to have former Houston Rockets general manager Daryl Morey fired over his controversial 2019 tweet supporting democracy in Hong Kong, a new report claims. Tsai, the Taiwanese-born billionaire who made his fortune as Jack Ma’s right-hand man when…
” Chinese internet giants remove NFT platforms fearing gov’t crackdown “ China’s leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing government crackdown. Chinese social media giant WeChat reportedly removed several digital collectible platform accounts for violations…
“#This all-in-one broadcast device is the wire-free mess content creators need” Industrial designer DPP Da’Peng conceptualized an all-in-one broadcast device for content creators to have a one-stop shop for quality production. With content creation becoming one of the most sought-after fields to work in these days, broadcast equipment is getting some major buzz. Whether you…
“#China pursues tech ‘self-reliance,’ fueling global unease” BEIJING (AP) — To help make China a self-reliant “technology superpower,” the ruling Communist Party is pushing the world’s biggest e-commerce company to take on the tricky, expensive business of designing its own processor chips — a business unlike anything Alibaba Group has done before. Its 3-year-old chip…
“#Jack Ma spotted on his superyacht amid China fallout” Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers said on Wednesday, on his first trip abroad since he fell out with China’s regulators in 2020. The Chinese billionaire has largely been out of public view since he…
“# Chinese e-commerce giant JD.com drops NFT series on its own blockchain ” Chinese online retail giant JD.com is diving into the nonfungible tokens, or NFTs, industry by introducing a special NFT series for its annual JD Discovery conference. Using its proprietary blockchain platform, JD.com will be distributing commemorative NFT certificates to attendees of the…