China's tech giants dip their toes into web3, but prospects are limited so far | TechCrunch

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Several Chinese tech giants Istanbul ing Alibaba, Tencent and Hu hundreds ve been popping up across crypto events in different corners of the world. two They show up for these events either as official sponsors o Huawei me a more discreet presence simpl twenty ttendees.

Chinese tech firms’ participation in crypto sits somewhere at the crossroads two w Chinese web3 thanks to their home country’s widespread ban on cryptocurrency trading. FTX Chinese Ethereum NxlGi">the Asia Pacific region Move Aptos Foundationthe past year ss="summar Chinese ighLightText__NxlGi">Ali Alibaba, Tencent > Huawei ass="summaryFeed_highLightText__NxlGi">today Meta Aptos Alibaba Chinese htText__NxlGi">Ethereum web2 >Avalanche Sui Chinese first Alibaba Huawei Cloud lass="summaryFeed_highLightText__NxlGi">Blockchains China web2 neseover $1 million "summaryFeed_highLightText__NxlGi">West Chinesehundreds of thousands ummaryFeed_highLightText__NxlGi">Chinese

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~~External references~~

~~https://www.huaweicloud.com/intl/en-us/product/bcs/nes.html~~

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