Alibaba downsizing its metaverse division, amid shifting focus and resource towards AI
Alibaba, the Chinese e-commerce giant, is reportedly scaling back its metaverse operations

Alibaba, the Chinese e-commerce giant, is reportedly scaling back its metaverse operations
Once formidable garden walls dividing China's biggest tech companies are slowly crumbling as Alibaba Group plans to tap on to the logistical services of JD.com.
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The new additions are expected to allow banks to configure the Fireblocks platform to their existing IT infrastructure and security policies.
Joseph Tsai, a co-founder of Alibaba, will succeed Daniel Zhang as chair of the internet giant. He is a noted crypto enthusiast who has invested in several startups in the sector.
The failure also affected websites and apps at the Monetary Authority of Macau, Galaxy Macau hotel, Lotus TV Macau, and food delivery platform MFood
The firm’s NFT marketplace solution included “web hosting, digital marketing & content delivery” infrastructure, but is no longer listed on its website despite still showing up in Google search results.