Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The most popular collections of the moment on blockchain

2025-05-18

Has Bitcoin Bull returned? Daily RSI only shows mild bullish momentum

2025-05-18

The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17

    Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

    2025-05-17

    Top 5 block chains due to 7-day growth in active addresses and transactions

    2025-05-17
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Tencent and Huawei make bold moves in Web3 amid China’s crypto restrictions
Blockchain

Tencent and Huawei make bold moves in Web3 amid China’s crypto restrictions

2023-11-22No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Tencent And Huaweitwo major Chinese tech giants, are making remarkable progress in Web3 despite the country’s strict regulations on cryptocurrency trading.

At the Top of strike in Istanbul, a two-day conference with top minds in proof-of-stake (PoS) protocolsAccording to a recent publication, Tencent and Huawei exhibited their booths alongside industry professionals report from TechCrunch.

Over the past year, Chinese tech giants like Alibaba, Tencent and Huawei have become increasingly visible at various crypto events around the world, either as official sponsors or as discreet attendees.

Although their entry is at the intersection of Web2 and Web3 due to China’s cryptocurrency ban, these companies are leveraging their computing resources to serve Web3 startups, similar to the way they provide cloud services to established tech verticals.

While cloud costs for decentralized networks are still relatively modest, Chinese cloud providers are actively venturing into the crypto space.

“As underdogs in the global cloud market, Chinese companies are much more proactive and accommodating to customers because they lack brand recognition, especially in the West,” the report said.

“As such, they must compete by offering cheaper or better services.”

In addition to offering cloud infrastructure, Chinese companies have also ventured into areas outside their core products, competing directly with crypto-native companies.

For example, they have been involved in building blockchains for enterprises, avoiding the public blockchain domain that relies heavily on tokens due to China’s crackdown on cryptocurrencies.

Some Chinese tech giants also offer node-as-a-service businesses.

Blockchains operate on distributed nodes, which can be expensive and complex to maintain.

See also  Bloomberg analyst Mike McGlone warns that Bitcoin and other crypto assets could crash if this happens

To address this, companies like Huawei are offering node hosting services, allowing companies to build decentralized applications without the need for high technical expertise.

Chinese tech giants are forging partnerships with crypto projects

As pioneers among Chinese tech giants in the Web3 sector, Tencent and Alibaba have forged partnerships with respected projects to improve their reputations in the sector.

Tencent has collaborated with public blockchains such as Sui, Avalanche and the Ethereum scaling solution Scroll.

Meanwhile, Alibaba has joined forces with Aptos, a blockchain developed by former Meta employees, to increase its presence in the web3 world.

The two companies recently announced that they will jointly organize hackathons in the Asia-Pacific region using the Move programming language.

Currently, Web3 has not had a significant impact on the revenue of Chinese tech giants.

However, these companies recognize the enormous potential of the emerging industry and understand that they cannot afford to overlook this opportunity, despite market volatility and the collapse of major players like FTX.

If reportedIn May, the Beijing Municipal Science and Technology Commission released a white paper in an effort to promote innovation and development within the Web3 industry.

The paper, also called the ‘Web3 Innovation and Development White Paper’, was unveiled at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park.

The committee aims to build Beijing into a global innovation center by allocating at least CNY 100 million (USD 14 million) annually until 2025.

See also  Dfinity's Pierre Samations discusses 'Self-writing Internet' AIs who builds Web3 apps for you

Source link

Bold Chinas Crypto Huawei moves restrictions Tencent Web3
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Interview with Nieuwe Lukso Coo

2025-05-18

B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

2025-05-18

The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

2025-05-17

A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

2025-05-17
Add A Comment

Comments are closed.

Top Posts

How Forgotten Runes Is Using ChatGPT to Build a Fantasy Empire

2023-07-07

Polkadot investors may need to hold on to their seats to avoid DOT-induced losses

2022-10-17

Why this Facebook group places the news on NFTS

2025-05-13
Editors Picks

BNB Chain’s OpBNB developers are looking at more than doubling speed in new roadmap

2023-11-30

Cardano aims to reclaim $0.28 – Is it feasible?

2023-08-20

Crypto Analyst Says Ignore FUD, XRP Goes to $5.85

2023-12-21

NFT artist draws attention to Maui wildfires with new collection

2023-08-22
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The most popular collections of the moment on blockchain

Has Bitcoin Bull returned? Daily RSI only shows mild bullish momentum

The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,892.770.88%
  • ethereumEthereum(ETH)$2,508.971.00%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.391.06%
  • binancecoinBNB(BNB)$646.450.78%
  • solanaSolana(SOL)$171.081.66%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2229863.17%
  • cardanoCardano(ADA)$0.76-1.42%
  • tronTRON(TRX)$0.2725061.85%
  • suiSui(SUI)$3.851.63%
  • chainlinkChainlink(LINK)$15.762.66%
  • avalanche-2Avalanche(AVAX)$23.091.42%
  • stellarStellar(XLM)$0.2911760.73%
  • hyperliquidHyperliquid(HYPE)$26.921.24%
  • shiba-inuShiba Inu(SHIB)$0.0000154.02%
  • hedera-hashgraphHedera(HBAR)$0.1944731.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-2.48%
  • bitcoin-cashBitcoin Cash(BCH)$399.741.31%
  • the-open-networkToncoin(TON)$3.101.35%
  • polkadotPolkadot(DOT)$4.761.63%
  • litecoinLitecoin(LTC)$98.66-1.76%
  • moneroMonero(XMR)$342.721.98%
  • bitget-tokenBitget Token(BGB)$5.194.40%
  • pepePepe(PEPE)$0.0000136.27%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.745.50%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$427.802.06%
  • uniswapUniswap(UNI)$5.981.95%
  • aaveAave(AAVE)$225.36-0.37%
  • nearNEAR Protocol(NEAR)$2.780.87%
  • aptosAptos(APT)$5.201.96%
  • okbOKB(OKB)$53.210.14%
  • ondo-financeOndo(ONDO)$0.942.15%
  • kaspaKaspa(KAS)$0.111575-2.19%
  • internet-computerInternet Computer(ICP)$5.271.63%
  • ethereum-classicEthereum Classic(ETC)$18.491.22%
  • gatechain-tokenGateToken(GT)$21.590.58%
  • crypto-com-chainCronos(CRO)$0.0990331.22%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.014.22%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2390483.22%
  • mantleMantle(MNT)$0.741.02%
  • vechainVeChain(VET)$0.0285172.50%
  • render-tokenRender(RENDER)$4.682.60%
  • ethenaEthena(ENA)$0.3788972.83%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • filecoinFilecoin(FIL)$2.893.23%
  • algorandAlgorand(ALGO)$0.2227042.16%
  • arbitrumArbitrum(ARB)$0.3936394.75%
  • bitcoinBitcoin(BTC)$103,892.770.88%
  • ethereumEthereum(ETH)$2,508.971.00%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.391.06%
  • binancecoinBNB(BNB)$646.450.78%
  • solanaSolana(SOL)$171.081.66%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2229863.17%
  • cardanoCardano(ADA)$0.76-1.42%
  • tronTRON(TRX)$0.2725061.85%
  • suiSui(SUI)$3.851.63%
  • chainlinkChainlink(LINK)$15.762.66%
  • avalanche-2Avalanche(AVAX)$23.091.42%
  • stellarStellar(XLM)$0.2911760.73%
  • hyperliquidHyperliquid(HYPE)$26.921.24%
  • shiba-inuShiba Inu(SHIB)$0.0000154.02%
  • hedera-hashgraphHedera(HBAR)$0.1944731.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-2.48%
  • bitcoin-cashBitcoin Cash(BCH)$399.741.31%
  • the-open-networkToncoin(TON)$3.101.35%
  • polkadotPolkadot(DOT)$4.761.63%
  • litecoinLitecoin(LTC)$98.66-1.76%
  • moneroMonero(XMR)$342.721.98%
  • bitget-tokenBitget Token(BGB)$5.194.40%
  • pepePepe(PEPE)$0.0000136.27%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.745.50%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$427.802.06%
  • uniswapUniswap(UNI)$5.981.95%
  • aaveAave(AAVE)$225.36-0.37%
  • nearNEAR Protocol(NEAR)$2.780.87%
  • aptosAptos(APT)$5.201.96%
  • okbOKB(OKB)$53.210.14%
  • ondo-financeOndo(ONDO)$0.942.15%
  • kaspaKaspa(KAS)$0.111575-2.19%
  • internet-computerInternet Computer(ICP)$5.271.63%
  • ethereum-classicEthereum Classic(ETC)$18.491.22%
  • gatechain-tokenGateToken(GT)$21.590.58%
  • crypto-com-chainCronos(CRO)$0.0990331.22%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.014.22%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2390483.22%
  • mantleMantle(MNT)$0.741.02%
  • vechainVeChain(VET)$0.0285172.50%
  • render-tokenRender(RENDER)$4.682.60%
  • ethenaEthena(ENA)$0.3788972.83%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • filecoinFilecoin(FIL)$2.893.23%
  • algorandAlgorand(ALGO)$0.2227042.16%
  • arbitrumArbitrum(ARB)$0.3936394.75%