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Chinese tech giants Ant Group and Tencent have changed the term “non-fungible tokens” (NFT) to “digital collectibles” on their platforms and sites. At AntChain Fan Tablet, assets are now defined as “virtual digital goods”. Tencent's Magic Core platform, which is considered China's...
Chinese Internet giant Tencent is going to allocate 500 billion yuan ($70 billion) for about five years to develop IT infrastructure. It is reported by Reuters. The funds will go towards the implementation of cybersecurity, AI, and cloud computing. Other spheres include blockchain, data centers,...
Tencent technology company plans to oversee the development of 30 companies as part of the launched blockchain accelerator. It is reported by The Block. Participants can be both start-ups and existing companies. The selection criterion is the presence of at least one completed round of financing...
Chinese tech titans Tencent and Alibaba recorded the highest quantity of blockchain patents last year. Tencent and its affiliates listed 718 applications, Alibaba Group - 470 of more than 5800 (20% of the whole number of applications)....
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