The Chinese government has cast a weary eye on the market for non-fungible tokens, which state media has warned as a potential bubble. Photo: Shutterstock
The Chinese government has cast a weary eye on the market for non-fungible tokens, which state media has warned as a potential bubble. Photo: Shutterstock

Alibaba, Tencent rebrand NFT offerings as ‘digital collectibles’ amid Beijing’s scrutiny of new virtual asset market

  • The rebranding moves by Alibaba and Tencent reflect their efforts to steer away from any potential conflict with Beijing, which has cracked down on Big Tech firms
  • Chinese state-run media recently warned of a potentially ‘huge bubble’ in the NFT market

Topic |   China technology
The Chinese government has cast a weary eye on the market for non-fungible tokens, which state media has warned as a potential bubble. Photo: Shutterstock
The Chinese government has cast a weary eye on the market for non-fungible tokens, which state media has warned as a potential bubble. Photo: Shutterstock
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