According to BlockBeats, on September 4, Conflux Network announced a partnership with Alibaba Cloud to use Web3 technology to revolutionize Hong Kong's retail, tourism, entertainment, art, and education, bringing innovative Web3 solutions to Hong Kong companies.
Cyberport, Hong Kong’s Web3 hub and the launchpad for the Conflux Network, received a major boost last year with a HK$50 million grant from the Hong Kong Special Administrative Region Government. The funding will be used to accelerate the development of the Web3 ecosystem, cultivate talent, drive industry advancement, and raise public awareness of Web3 technology.
Since the creation of Web3Hub, the program has attracted about 230 Web3 companies from more than 15 countries and regions. The cooperation between Conflux and Alibaba Cloud will foster a thriving Web3 ecosystem in Hong Kong, with the goal of providing complete solutions, enhancing the commercial value of various industries, and promoting the adoption of Web3 by enterprises of all sizes, while Cyberport will provide the necessary resources and guidance to promote the growth of large enterprises and start-ups.
