Conflux Network Teams Up with Alibaba Cloud

In a notable development in the cryptocurrency sector, Conflux Network has unveiled a new collaboration with Alibaba Cloud.

This partnership is set to drive Web3 advancements in Hong Kong.

Conflux Network, often dubbed China’s Ethereum, is joining forces with Alibaba Cloud to push the boundaries of Web3 technology.

The collaboration aims to enhance various industries in Hong Kong, including retail, tourism, entertainment, the arts, and education, by integrating innovative technologies from both entities.

The partnership seeks to leverage Conflux’s established track record in China along with Alibaba Cloud’s advanced technological infrastructure and the support from Cyberport’s active community. This alliance is expected to foster a robust Web3 environment in the region.

Despite the significant partnership announcement, Conflux (CFX) has not seen a positive response in its market performance.