Alibaba Cloud denies providing "mining platform" and virtual currency; BAT is cautious about blockchain

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On January 16, media reported that Alibaba has recently launched a virtual currency mining platform "P2P Node", which is operated by Alibaba East China Co., Ltd. After connecting to the third-party mining platform, it is recruiting mining machines to join.

In response to the above reports, Alibaba Cloud issued a statement late on the 16th to refute the rumors, saying that Alibaba Cloud's CDN (content distribution network) business based on P2P technology has nothing to do with "mining platforms" or "virtual currencies". Alibaba Cloud will never issue any virtual currencies such as Bitcoin, nor will it provide any so-called "mining platforms". For false reports, legal responsibility will be pursued in accordance with the law.

The following is the full statement:

Statement on the false report that "Alibaba's mining platform 'P2P node' quietly went online"

We have noticed that there have been media reports recently that Alibaba has launched a P2P node for its mining platform. After verification, it was found that this business is actually Alibaba Cloud's CDN (content distribution network) business based on P2P technology, and has nothing to do with "mining platform" or "virtual currency".

P2P (peer-to-peer network) nodes refer to the common user-shared bandwidth acceleration service in the CDN industry. Users share idle uplink network bandwidth at home through personal computers, routers and other devices, becoming a miniature CDN distribution service node, allowing other customers to get a nearby acceleration experience when downloading, live streaming, gaming and other scenarios.

Alibaba Cloud CDN rewards users with authorized shared resources in the form of points. Points can be exchanged for gifts in the points mall and do not have monetary functions or speculation value.

We reiterate that Alibaba Cloud will never issue any virtual currency such as Bitcoin, nor will it provide any so-called "mining platform".

We will pursue legal responsibility in accordance with the law for any false reports based on hearsay.

Alibaba Cloud Computing Co., Ltd.

BAT “cautiously treats” blockchain technology

As blockchain technology becomes increasingly popular, news about Baidu, Alibaba and Tencent getting involved in this field has been heard from time to time, but the three giants are very cautious about the rumors.

On January 12, it was reported that Baidu launched the blockchain open platform "BaaS", the website of which is chain.baidu.com. Baidu Finance responded that the platform was launched on July 21, 2017, and has currently supported the authenticity of assets worth more than 50 billion yuan.

This month, Tencent also issued a statement regarding some institutions and individuals engaging in token issuance or trading activities under the banner of cooperation with Tencent Blockchain:

Tencent Blockchain is a completely self-developed underlying blockchain technology, and has been committed to building an open blockchain service platform to solve the trust problem among commercial enterprises. Tencent Blockchain has never participated in any form of token issuance or trading related activities, nor has it cooperated with any organization in this regard.