Alibaba Launches Crypto Mining Business In Nanjing

 

Via financemagnates.com

Alibaba, the Chinese e-commerce and tech giant, has quietly launched a cryptocurrency mining platform, according to a report published by a local news platform.

Chinese local news agency Tencent News reported that the new platform is called ‘P2P Nodes’. Alibaba registered it on the 10th of October in Nanjing, the capital city of Jiangsu province.

A rough translation of the original report reads: “Alibaba has recently launched a virtual currency mining platform “P2P node”, from the terms of the service agreement terms platform, the main operating platform is Alibaba East China Ltd. It is reported that the company on October 10, 2017, has been completed registration, registered in Nanjing.”

 

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