The big boss of Ant Group, Bian Zhuoqun, recently mentioned something. They have turned down quite a few projects this year that seemed very profitable, such as agricultural products, red wine, and those extremely expensive famous paintings. Why not make money? They said, "We firmly avoid what should not be touched," which shows they have quite a principle.
They are currently busy with a blockchain project called Jovay, claiming that they will complete the actual capital flow test by the end of September. It sounds quite impressive, but it’s really just to see if money can be reliably transferred online.
Speaking of Hong Kong, they have set up an RWA registration platform and plan to complete the registration of over 10 billion in assets this year. 10 billion! That’s no small amount. Moreover, they have a long-term vision, planning to expand their business into larger markets like real estate and carbon credits by 2026, which could mean trillions in transactions!
In short, Ant Group is currently operating quite cautiously, not just making any money. But they are also actively laying out their future, especially in new areas like blockchain and digital assets. The activity in Hong Kong is quite significant, indicating they are aiming to make big moves in financial technology.
They are currently busy with a blockchain project called Jovay, claiming that they will complete the actual capital flow test by the end of September. It sounds quite impressive, but it’s really just to see if money can be reliably transferred online.
Speaking of Hong Kong, they have set up an RWA registration platform and plan to complete the registration of over 10 billion in assets this year. 10 billion! That’s no small amount. Moreover, they have a long-term vision, planning to expand their business into larger markets like real estate and carbon credits by 2026, which could mean trillions in transactions!
In short, Ant Group is currently operating quite cautiously, not just making any money. But they are also actively laying out their future, especially in new areas like blockchain and digital assets. The activity in Hong Kong is quite significant, indicating they are aiming to make big moves in financial technology.