jd.com and Ant Group: Exploring Opportunities in Hong Kong's Web3 Sector
jd.com and Ant Group are on the forefront of transforming Hong Kong into a pivotal hub for the Web3 industry. Ant Digital Technologies, a subsidiary of Ant Group, is launching its blockchain initiative, Zan, to provide technology solutions for developers. CEO Cobe Zhang envisions Zan to dominate the Asia-Pacific market within two to three years, bringing Ant's extensive experience in financial compliance and blockchain to the forefront.
Hong Kong's Supportive Environment for Blockchain
The establishment of Zan in Hong Kong offers the freedom to innovate in a city that actively supports blockchain development. Zhang noted that while mainland China takes a conservative stance on Web3, Hong Kong presents more opportunities for forward-looking projects.
Ant's Vision and Market Strategy
- Zan aims to become a major technology provider within the global Web3 sector.
- AntChain currently leads the blockchain-as-a-service market in China.
- The company plans to leverage its existing services to enhance Web3 developers and their requirements.
Ant's Participation in HKMA Projects
Participating in the Hong Kong Monetary Authority's (HKMA) initiatives, Ant Digital Technologies engages in projects like tokenising assets in a regulated environment, ensuring secure transaction protocols for users.
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