TechFlow news, on September 4, according to official announcements, Conflux Network has partnered with Alibaba Cloud to jointly deliver innovative Web3 solutions for enterprises in Hong Kong. As a major Web3 hub in Hong Kong, Cyberport will serve as the launch base for Conflux Network. This collaboration combines Conflux’s proven success in the Chinese market, Alibaba Cloud’s advanced technologies, and strong support from the Cyberport community to build a thriving Web3 ecosystem in Hong Kong.
Last year, the Hong Kong Special Administrative Region government allocated HK$50 million in funding to Cyberport to accelerate the development of its Web3 ecosystem. Currently, Cyberport has attracted around 230 Web3 companies from over 15 countries and regions, including three unicorns: blockchain gaming company Animoca Brands, Asia's leading digital asset financial services group HashKey, and top-tier blockchain cybersecurity firm CertiK. This strategic partnership marks a significant breakthrough for Web3 technology in the Hong Kong market and is expected to foster a more diverse and innovative Web3 ecosystem in the region.
