Alibaba

E-commerce firms are developing China’s less developed areas to achieve state-endorsed “common prosperity.”

Ignatica is the winner of the program’s first in-person event in Hong Kong.

Regulators are coaxing tech companies to lift blocks to rival platforms, one step at a time.

The event will be virtual and feature startups operating in or planning to enter Hong Kong.

Ten finalists will compete for investments of up to USD 4 million and access business opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area.

The eight finalists of the accelerator’s Hong Kong Demo Day will be pitching in the program’s first in-person event.

The conglomerate has not revealed plans for creating experiences in the metaverse.

After regulators stepped in, Alibaba and Tencent are dissolving protectionist features.