If you invested $1,000 in Alibaba when it went public, here's how much you'd have now

An investment into Alibaba at the close of its first day of public trading would have increased in value by about 92 percent as of Mar. 11, 2019, according to CNBC calculations. Analysts said that the economic slowdown in China will affect Alibaba in the short-to-medium term, especially if it results in a pullback in…

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Newly Announced Crypto Exchange Uses Satellites to Grant Blockchain Access for the Unconnected Users

Photo: SupremeCrypX Exchange SupremeCrypX, a new cryptocurrency exchange launched by Supreme Global Holdings (SGH), has plans to bring blockchain infrastructure to space using its associate company — a satellite operator — SupremeSAT. The exchange intends to provide services that range from crypto-fiat pairs to blockchain-based products and even a virtual card meant to make spending…

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Jack Ma says he 'hated' Bill Gates. Here's why and what changed his mind

As the founder of Microsoft, Bill Gates is a source of inspiration for many aspiring entrepreneurs, not least some of today’s top tech icons. But when Alibaba’s Jack Ma was just starting out, Gates was a source of real frustration too, the self-made billionaire revealed Thursday. “When I was young, I hated Bill Gates because…

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Is Chinese Alibaba Group Going to Acquire Alibabacoin (ABBC)?

Alibabacoin Foundation and China’s Alibaba Holding Group is having a dispute over trademark licenses in the Manhattan court of the United States of America. Alibabacoin Foundation CEO, Jason Daniel Paul Phillip stated that Alibabacoin Foundation offered a settlement to Alibaba Group Holdings a month ago. In response,while looking at the ongoing settlement negotiation, Alibaba Group…

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A Global Look At Crypto And Blockchain

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Blockchain Remittance Service Launched By Alibaba Payment Affiliate

Chinese online payment services provider Ant Financial has launched a blockchain money remittance service. Ant Financial is an affiliate company of Chinese Internet giant Alibaba. It operates Alipay, the world’s largest mobile and online payments platform, as well as Yu’e Bao, a money-market fund. Alipay claims it operates with more than 65 financial institutions, including…

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Alibaba Subsidiary Raises $14 Billion To Fund Blockchain Development

Ant Financial, a daughter company of Chinese multinational e-commerce giant, Alibaba, has just raised a massive $14 billion to finance its blockchain projects. Originally Alipay, Ant Financial controls China’s biggest online payment network and has a networth of over $150 billion. Following the hugely successful series C funding round, the new investment has been reportedly…

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Alibaba Buys Chip Manufacturer C-SKY Microsystems to Expand Its IoT Business

Alibaba, E-commerce titan, has acquired a Chinese microchip maker Hangzhou C-SKY Microsystems with the aim to enhance development of its own chip industry. The announcement follows the US ban for American firms to sell chips and other components to Chinese telecoms company for seven years. Such a move triggered a discussion concerning the need for self-sufficient tech supply chains in…

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Bitcoin & Cryptocurrency News – Lawsuits, ICOs, & Free Money

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