News Snapshot:
Alibaba, Tencent rebrand NFT products amid tech crackdown Alipay, Alibaba’s payments arm, and Huanhe , Tencent’s non-fungible token (NFT) platform, have rebranded their artwork offerings as “digital collectibles.” The change in name comes amid a government campaign against the trading and mining of blockchain-based cryptocurrencies. Huanhe, which was once regarded as the first NFT trading marketplace in China, said it now requires users to use their real names on the platform. IPhone assembler Foxconn in talks with Indonesia to invest in EVs Hon Hai Technology Group, the parent firm of Foxconn, said its chairman Liu Yangwei is in talks with...
