Is Alibaba's 'P2P nodes' a cryptocurrency?

Alibaba recently launched a cryptocurrency mining platform called "P2P Nodes," according to a report by Coin Telegraph . (See also: 10 Companies Owned by Alibaba .) As cryptocurrency fever has swept the world, more businesses have looked to get on board with the digital currency craze. And yet, Alibaba's new venture is not a cryptocurrency.

What is Alibaba & how does it work?

Alibaba is an online platform connecting wholesalers in China to individuals and businesses worldwide looking to trade or resell. Typical buyers are retailers, wholesalers, sourcing agents, and manufacturers who source products for resell or private label for their own businesses. Alibaba can also be used by manufacturers to buy raw materials.

What is Alibaba's market value in 2023?

As of 2023, its market value is $222.36 billion. Alibaba has several different brands that operate under its umbrella. These include Taobao, Tmall, 1688.com, Lazada, Aliexpress, and Alipay. Taobao is Alibaba’s primary C2C online marketplace.

What is Alibaba Cloud?

Alibaba Cloud is the largest high-end cloud computing company in China. In 2009, Alibaba acquired HiChina, the largest domain registration service and web hosting service company in China, and built it into Alibaba Cloud.