According to BlockBeats, on September 4, Conflux Network announced a partnership with Alibaba Cloud to leverage Web3 technology to transform Hong Kong's retail, tourism, entertainment, art, and education sectors, bringing innovative Web3 solutions to businesses in the region.
Cyberport, recognized as Hong Kong's Web3 hub and the launchpad for Conflux Network, is dedicated to fostering a robust Web3 ecosystem. Last year, it received a significant boost with a HKD 50 million grant from the Hong Kong Special Administrative Region Government. This funding aims to accelerate the development of the Web3 ecosystem, nurture talent, drive industry progress, and raise public awareness of Web3 technology. Since the establishment of Web3Hub, the initiative has attracted approximately 230 Web3 companies from over 15 countries and regions.
The collaboration between Conflux and Alibaba Cloud is set to cultivate a thriving Web3 ecosystem in Hong Kong, with the goal of providing comprehensive solutions that enhance business value across various industries. This partnership aims to enable businesses of all sizes to adopt Web3 technology, with Cyberport offering the necessary resources and guidance to support the growth of both large enterprises and startups.
