Ant Group's big boss Bian Zhuoqun recently mentioned that they have rejected a number of seemingly profitable projects this year, such as agricultural products, red wine, and those extremely expensive famous paintings. Why not make money? They said, "What shouldn't be touched must not be touched," so it seems they are quite principled.
They are currently busy working on a blockchain project called Jovay, which is said to complete the actual capital flow testing by the end of September. This sounds quite sophisticated, but it's actually just about checking if money can reliably transfer back and forth online.
Speaking of Hong Kong, they have set up an RWA registration platform and plan to register over 10 billion in assets this year. 10 billion! That's no small amount. Moreover, they have a long-term vision, planning to expand into larger markets like real estate and carbon credits by 2026, which is a multi-trillion dollar business!
In short, Ant Group is currently quite cautious in their operations; they are not trying to make money at any cost. However, they are also actively laying out plans for the future, especially in new areas like blockchain and digital assets. Hong Kong is also making significant moves, indicating they want to make a big impact in fintech.
They are currently busy working on a blockchain project called Jovay, which is said to complete the actual capital flow testing by the end of September. This sounds quite sophisticated, but it's actually just about checking if money can reliably transfer back and forth online.
Speaking of Hong Kong, they have set up an RWA registration platform and plan to register over 10 billion in assets this year. 10 billion! That's no small amount. Moreover, they have a long-term vision, planning to expand into larger markets like real estate and carbon credits by 2026, which is a multi-trillion dollar business!
In short, Ant Group is currently quite cautious in their operations; they are not trying to make money at any cost. However, they are also actively laying out plans for the future, especially in new areas like blockchain and digital assets. Hong Kong is also making significant moves, indicating they want to make a big impact in fintech.