Alibaba – a Chinese multinational e-commerce, AI, Internet and retail conglomerate was founded in 1999 and has since become a company with a market cap as much as $490 billion. It has reached TOP-10 list of the biggest companies in the world and is now the biggest and most expensive retailer in the world, having pushed Walmart of its place. And this triumphal run probably will not stop in the nearest future as the company is marching with time.

According to CNN Alibaba has launched their own cryptocurrency mining platform. And, although this statement wasn’t confirmed by Alibaba’s officials it is quite possible.

According to various sources on October 10, 2017 Alibaba has registered a mining platform called P2P Nodes which is based in Nankin.

It is also said that in the future it is planned to include the possibility of mining into the primary Alibaba platform.

The mining will be conducted in favor of “third party”. That can mean several thongs, but supposedly it means that mined assets will be transferred to the cloud and there also will be a possibility of renting the mining equipment from Alibaba.

Noteworthy: it will be possible to invest into Alibaba only via Alipay service and there will be no possibility to extract the cryptocurrency directly from the platform.

Although these claims contradict the statement of Alibaba’s CEO Jack Ma, who said that the company will not in any way deal with cryptocurrencies as the conglomerate is neither ready nor interested in the crypto industry.

It is also very peculiar as recently Chinese officials have increased their pressure on miners including the platforms and applications.