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Banner Year for Alibaba’s Taobao Philanthropy Efforts

Vlad Poptamas

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Photo source: theinvestio.com
Reading Time: 2 minutes

 

Alibaba Group’s Taobao marketplace had a banner year for philanthropy in 2018, raising RMB440 million from two million merchants and 427 million shoppers and helping an estimated 8.7 million people.

Taobao’s four initiatives — and the results they garnered — make it China’s largest online philanthropy platform, in terms of total participation.

“As a marketplace with extensive reach in China, we have already enabled small businesses engaging with their customers and generating opportunities. We are thinking different ways to utilize the influence of our marketplace. Turning in philanthropy is a good example how Taobao can provide a viable channel to conduct charity initiatives creatively and effectively with just one click. The accumulation of small, thoughtful and compassionate acts from individuals each day can make a big difference at the end,” said Jiang Fan, President of Taobao.

Money and other resources raised via Taobao benefit not only the poor and unfortunate in China, but also people and programs in Ethiopia and Myanmar. The platform supports causes ranging from poverty alleviation, education and environmental protection, to child care and animal protection, as well as illness and disaster relief.

Taobao’s Four Philanthropy Programs

Taobao’s four philanthropy programs – “Goods for Good,” “Online Charity Stores,” the “Three-hour Voluntary Service Platform” and “Steps for Charity” — attracted participation from over 427 million users, who performed 7.9 billion charitable actions in 2018, including donations of time and money.

Goods for Good

In 2018, over two million Taobao merchants took part in the “Goods for Good” program and generated RMB364 millionin donations on an average of 20 million transactions per day. Participating merchants pledged a percentage of the price of their merchandise as a donation to their designated charitable organization or good causes. When customers purchase the products on Taobao, the system directly transfers the amount to the chosen organization.

The impact of blending e-commerce and philanthropy was most evident during Alibaba’s 11.11 Global Shopping Festival in 2018, when an unprecedented 300 million charitable transactions were executed in 24 hours by 100 million consumers.

Online Charity Stores

Consumers can also purchase items from online stores set up by not-for-profit organizations on Taobao. Money from transactions was donated directly to support a wide range of charitable causes, from offering meals to people in need to sponsoring education for underprivileged students. Funded by purchases from these online stores, the “Free Lunch” project was able to provide more than 56.5 million free meals to rural school students in 2018. Also last year, the “Online Charity Stores” program raised RMB75.43 million from 2.73 million customers. More than half of the donors were people born in the 1990s.

Three-hour Voluntary Service Platform

The program originates from a program for Alibaba employees to participate in three hours of voluntary charity service every year. In 2017, Taobao extended the program on its platform by encouraging its users to commit service to designated charity organizations. Over 1,100 charity organizations have offered more than two million voluntary service opportunities through the program. As of December 2018, a cumulative 17 million users had engaged in the “Three-hour Voluntary Service Platform.”

Steps for Charity

Through the Taobao app, users can pledge to donate the number of steps they’ve walked every day to charity, with Taobao merchants or other corporates matching these steps with monetary donations to charity projects, such as building jogging paths for schools in poverty-stricken areas in China. In a little more than six months since “Steps for Charity” was launched in 2018, users have donated more than 90 billion steps to the initiative, enough to circle the earth 1,125 times.

 

SOURCE Alibaba Group

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Asia

OKEx Revisited Bangkok After Launch of Thai Baht Trading

Vlad Poptamas

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Photo source: livetradingnews.com
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OKEx, a Malta-based world-leading digital asset exchange, has made a stop-over to Bangkok to bring industry leaders together to exchange ideas on blockchain technology. In view of the fast-growing digital asset community in Thailand, OKEx has launched the C2C (customer-to-customer) fiat-to-token trading service for Thai Baht (THB) on its platform, filling the high demand in the global markets, and at the same time, fulfilling its role of a trailblazer in driving blockchain adoption globally.

OKEx experienced a full-bloomed blockchain mindXchange

Throughout the “mindXchange” session, industry talents Nattapon Nimakul, Tech Lead of Katinrun & CTO of Kulap, Jake Choi, Chief Marketing Officer of Fantom Foundation, Sivanus Yamdee (Go), CEO and Co-founder of Coin Asset Exchange and Jirayut Srupsrisopa, CEO of Bitkub have discussed the importance of raising awareness of blockchain in the community, and shared insight on the latest regulatory development in the Thai digital asset space and how to accelerate the ecosystem.

OKEx Launches Thai Baht (THB) C2C Trading

OKEx launched Thai Baht (THB) on its C2C trading platform, currently supporting the BTC, USDT, ETH, and LTC trading pairs. Users can complete KYC verification to be eligible to buy/sell digital assets with Thai Baht.

For more details, please visit OKEx website.

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Asia

JET8 Launches World’s First Social Wallet

Vlad Poptamas

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Tokenised social engagement technology platform JET8 today announced the launch of the new JET8 Wallet, JET8’s “connect and transact” hub for all users owning J8T tokens, users of JET8’s DENapps, as well as both online and offline retailers.

Designed to give users a safe, seamless and pleasant experience, the JET8 Wallet is a secure custodian app for those wanting to safekeep their J8T tokens, earn rewards, and buy real-life products.

Similar to Coinbase, average users don’t have to worry about how to store private keys. List of uses for the new JET8 Wallet include:

  • Sending or receiving J8T Tokens between wallets and friends;
  • Receiving JETPoints from brands based on social engagement from user generated content;
  • Purchasing consumer goods from over 30,000 points of sale worldwide;
  • Purchasing collectibles and artwork;
  • Purchasing JETPoints using multiple payment methods;
  • Discovering multiple social communities applications (“DENapps”) that are being built using the JET8 ENTERPRISE SaaS API for agencies and brands; and
  • Using the JET8 Wallet as a gateway to earning social currency.

The JET8 Wallet is programmed with real-time sync. Transaction lists simply update automatically, all driven by in-house built smart contracts. The easy two-step activation of the JET8 Wallet is tied to KYC approval by an industry-leading service.

The first social currency wallet made for shopping real products no matter where you are.

The new unified JET8 ENTERPRISE e-commerce protocol allows brands, retailers, and telecommunication partners worldwide to offer wallet users with a vast liquidity network of real-life consumer products and services.

A revolutionary feature of the JET8 Wallet is allowing users to purchase mobile data or “load” top-ups and recharges in any country around the world. This feature emphasises JET8’s mission to bring its “social wallet” to everyone, regardless of what country they are from, by allowing users to access mobile network connectivity from their wallets or as a reward from their social media engagement.

The JET8 Wallet is connected to over 30,000 offline points of sale where users can buy goods from. Retailers already accepting JETPoints and the JET8 Wallet around the world are:

  • 7-Eleven (Philippines)
  • Circle K (Indonesia)
  • Shop & Go (Vietnam)
  • Alfamart (Indonesia)
  • Lazada (Philippines)
  • Watsons (Philippines)
  • Shoprite (South Africa)
  • Checkers (South Africa)

Users can also purchase exclusive collectibles, printed on demand, and delivered worldwide.

JET8 Founder Victor Zabrockis, said: “Our mission is to connect thousands of mobile-first communities with a one-stop shop financial system for users, brands, retailers and influencers. We are proud to help people convert their social influence into digital currency through a full custodian ERC20/J8T crypto wallet. It does not matter if one is a well-versed crypto lover or just an average mobile user curious about blockchain, we’ve built the JET8 Wallet with everyone in mind.”

To download the JET8 Wallet, visit https://wallet.jet8.io/.

 

SOURCE JET8

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Industry Leaders to Converge in Hong Kong to Discuss Digital Assets and Blockchain Applications at the HashKey International Digital Asset Summit 2019

Vlad Poptamas

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HashKey International Digital Asset Summit 2019
Reading Time: 2 minutes

 

The HashKey International Digital Asset Summit 2019 (HIDA2019), hosted by HashKey Group, Wanxiang Blockchain Labs and co-organized by Cyberport and ZA International, will be held on 21st March, 2019 at The Four Seasons Hotel, Hong KongJoining the event will be over 400 delegates from banks, asset management firms, technology firms, family offices, hedge funds, venture capital firms, financial regulatory institutions and industry associations in Hong KongSingaporeTokyo and Seoul.

HIDA2019 will be the first summit in Asia aimed at increasing global awareness of digital assets and blockchain applications and follows the Global Blockchain Summit that has been hosted by Wanxiang Blockchain Labs for the last four years. At the event, industry experts and key opinion leaders from investment, finance, blockchain and market regulatory fields will be presenting and participating in various panel discussions.

With the theme, “Digital Assets: From Frontier to Mainstream”, this year’s event will help to educate institutional investors about this new asset class and will explore several key topics relating to digital assets and blockchain technology such as market infrastructure, portfolio management, research and valuation, case studies of successful blockchain applications, secured custody, banking services, AML/CFT tools, trading ecosystems, accounting and auditing, regulatory clarity and security tokens.

Key opinion leaders will deliver keynote speeches on the following issues:

  • What is the current market structure of digital assets, and how does this compare with other asset classes?
  • What are the opportunities and risks for the industry?
  • What are the emerging use cases for blockchain technology?
  • How should we classify digital assets across digital tokens, digital currencies, tokenised securities and commodities, and security tokens?
  • What professional research, trading, and valuation tools are available?
  • How are companies dealing with AML/CFT requirements?
  • How are institutional investors thinking about this asset class today?
  • What kind of regulatory frameworks are emerging?

To purchase tickets, please visit: https://www.hashkey.com/#/hk. Early bird tickets are available before 28th February, 2019.

To apply to be a sponsor of the event, please contact: contact@hashkey.com.

SOURCE Wanxiang Blockchain Labs

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