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Alibaba Blockchain Deal Hints at Crypto Push

source-logo  barrons.com 08 March 2023 11:18, UTC
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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.

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