Ramazan Eles 
Conflux Network has revealed a new partnership with Alibaba Cloud to drive Web3 innovation in Hong Kong.
As partnership news continues to surge in the cryptocurrency market, the latest announcement comes from Conflux Network and Alibaba Cloud.
Often referred to as China’s Ethereum (ETH), Conflux Network has officially announced its collaboration with Alibaba Cloud to promote Web3 advancements in Hong Kong.
In a formal statement, the public layer-1 blockchain project, Conflux Network, confirmed its partnership with Chinese e-commerce giant Alibaba Cloud.
“We are thrilled to announce a collaboration between Alibaba Cloud and Conflux Network to bring cutting-edge Web3 solutions to businesses in Hong Kong.
This partnership aims to revolutionize various sectors in the Hong Kong market, including retail, tourism, entertainment, art, education, and more, through the latest technology.
Leveraging Conflux’s proven success in China, Alibaba Cloud’s state-of-the-art technology, and the unwavering support of Cyberport’s vibrant community, this collaboration is set to foster a thriving Web3 ecosystem in Hong Kong.”
Despite the market’s overall downturn, the news of the partnership did not influence Conflux (CFX) prices. Over the last 24 hours, CFX has experienced a 6.2% drop and continues to trade at $0.12 at the time of writing.
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