CEOs of Alibaba, JD and 58.com Talk About Bitcoin and Blockchain

Just recently, Alibaba founder Jack Ma said that he doesn’t have much interest in bitcoin. In a new series, the CEOs of Chinese e-commerce giants Alibaba, Jingdong Mall (JD) and 58.com shared their insights on bitcoin and the blockchain technology.

      “I Am Not Shameful that I Don’t Know About Bitcoin.”

 

On November 10 Papa Ma talked about his movie the Art of Attack and Defense (Gong Shou Dao) in the public event “Dialogue with Jack Ma” in Shanghai. An actress whose brother is obsessed with bitcoin asked the billionaire how he looks at the future of bitcoin.

Mr. Ma commented that he tried to understand what values bitcoin can bring to the society, but he is not a big fan of bitcoin.

“We should be cautious about bitcoin. Its underlying technology, however, is really powerful. I pay more attention to a cashless society and the blockchain technology. And I am not shameful that I don’t know about bitcoin.”

Following the initiatives of leading financial institutions and enterprises such as Nasdaq and IBM, Alibaba has become increasingly interested in blockchain technology. Over the past two years, the e-commerce giant has turned to blockchain to boost transparency in the country’s philanthropy sector, to fight food fraud and to secure health data in the medical sector…

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