NO ALIBABA COIN

 Alibaba chief Jack Ma has been standoffish towards the crypto space, stating that the world was not ready for it last year. This apparent U-turn is a bold move in a country that is determined to prohibit all forms of crypto trading. In a CNBC interview, the billionaire internet mogul went on to say:

I said honestly, I know very little about it, and I’m totally confused. Even if it works, the whole international rules on trade and financing are going to be completely changed.

At the present time, there is no indication that the online shopping giant is planning to develop its own cryptocurrency. However the company is evidently looking into crypto technologies to enhance their business operations and has spent a lot of effort researching them.As large crypto mining operations, such as ViaBTC, leave the country, the news that one of the largest internet companies is planning to adopt the technology is a very positive sign.