barrons.com
The cloud computing arm of Alibaba has signed a deal with a crypto firm to work on advancements to Web3 ecosystems, marking a push into the blockchain space by the Chinese e-commerce company.
Alibaba Cloud—the fast-growing high-tech arm of Alibaba (ticker: BABA)—signed a memorandum of understanding with Mysten Labs, the original developer of the Sui blockchain network, Mysten announced Tuesday.