Alibaba Financial News
21.03 / 12:23
regulation
Tencent
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.
21.12 / 13:16
Gaming
Tencent
regulatory
Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny
China’s tech giants are hopeful of launching metaverse and non-fungible token (NFT) businesses despite suffering a torrid year at the hands of the country’s vehemently anti-crypto government. Heavy-hitters including JD.com and Alibaba have laid out plans that involve metaverse and NFTs, although regulations have forced them to make cosmetic name changes.
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