In the quiet of the night, Alibaba Cloud issued a statement announcing that it would never get involved in the field of mining platforms and virtual currencies. This decision has aroused widespread attention and heated discussion, making people wonder about the reasons and impacts behind it.

As a leader in the field of cloud computing, Alibaba Cloud's decision has attracted attention within and outside the industry. This decision not only reflects the company's sense of social responsibility, but also demonstrates its deep thinking on the development of the industry and its clear plan for future development. Let’s dig into the meaning behind this statement.

 Mining platform and virtual currency: Alibaba Cloud’s firm choice

Alibaba Cloud announced in a statement issued late at night that it will resolutely not get involved in the field of mining platforms and virtual currencies. Behind this decision is not only thinking about the development of the industry, but also adhering to the corporate mission. In today's era of booming digital economy, the rise of mining platforms and virtual currencies has attracted much attention. However, Alibaba Cloud has chosen another path, and this firmness and determination is admirable.

 Social Responsibility and Corporate Responsibility

Alibaba Cloud's decision is not only a consideration of business interests, but also a commitment to social responsibility. With the volatility of the digital currency market and the popularity of mining platforms, regulatory risks and ethical dilemmas have become increasingly prominent. Alibaba Cloud has made it clear that it will not participate in this field, which reflects the company's great emphasis on social stability and financial security. This spirit of responsibility is worthy of learning and reference by the industry.

 Technological Innovation and Future Development

Although it is not involved in the fields of mining platforms and virtual currencies, Alibaba Cloud has not stopped exploring technological innovation. As a leader in cloud computing, Alibaba Cloud has been committed to providing customers with more secure and efficient cloud services. In the future, Alibaba Cloud will continue to uphold the spirit of innovation, continuously promote technological development, empower digital transformation, and become a reliable digital partner for enterprises.

 Conclusion

Alibaba Cloud issued a statement late at night announcing that it would never get involved in the field of mining platforms and virtual currencies. This decision reflects the company's social responsibility and mission responsibilities. In the complicated business world, adhering to the original intention and upholding integrity are always the foundation of an enterprise. I believe that with Alibaba Cloud’s decision, the cloud computing field will usher in more stable and sustainable development. Let us look forward to it together and move forward hand in hand for technological innovation and social responsibility.

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In the early morning of January 17th, there were recent media reports that Alibaba had launched a virtual currency mining platform "P2P Node" and pointed out that Alibaba was recruiting mining machines to settle in. In response, Alibaba Cloud issued a statement late at night to refute the rumors, saying that this business has nothing to do with "mining platforms", "virtual currencies", etc.

Alibaba Cloud emphasizes that it will never issue any virtual currency such as Bitcoin, nor will it provide any so-called "mining platform." For false reports, legal liability will be pursued in accordance with the law. Regarding "P2P nodes", Alibaba Cloud explained that this business is actually Alibaba Cloud's P2P-based CDN distribution business and has nothing to do with the so-called mining platform.

As for its views on Bitcoin, Alibaba Cloud has expressed its attitude to the outside world as early as last year. Alibaba Cloud executives defined Bitcoin as a Ponzi scheme. Jack Ma, chairman of the board of directors of Alibaba, has also expressed his views on Bitcoin in public.

In an interview with foreign media, Jack Ma said: "I know very little about Bitcoin, and Bitcoin is not what we want to do. I don't pay attention to Bitcoin."

The following is the full text of Alibaba Cloud’s statement:

Statement on the false report that “Alibaba Mining Platform ‘P2P Node’ is quietly launched”

We have noticed recent media reports that Alibaba has launched a mining platform P2P node. After verification, this business is actually Alibaba Cloud's CDN (content distribution network) business based on P2P technology and has nothing to do with "mining platform", "virtual currency", etc.

P2P (peer-to-peer) nodes refer to user-shared bandwidth acceleration services common in the CDN industry. Users share the idle uplink network bandwidth at home through personal computers, routers and other devices, and become a micro CDN distribution service node, allowing other customers to obtain a nearby acceleration experience in downloading, live broadcasting, games and other scenarios.

Alibaba Cloud CDN rewards resources shared with users' authorization in the form of points. The points can be exchanged for gifts in points-based malls and have no monetary function or hype value.

We declare once again that Alibaba Cloud will never issue any virtual currency such as Bitcoin, nor will it provide any so-called "mining platform".

We will pursue legal liability for baseless and false reports in accordance with the law.

Alibaba Cloud Computing Co., Ltd.

January 16, 2018