As Internet giants with a market capitalization of US$400 billion, every move of Tencent and Ali has attracted widespread attention. In the layout of various fields of the Internet, the competition between the two sides is fierce. Due to the extensive investment layout, domestic companies are also divided into "Tencent-based" and "Ali-based" due to the strategic investment of the two companies.

In addition to the domestic market, Tencent and Ali are also actively deploying in the global market, and Southeast Asia is one of the markets that both parties are most concerned about. The scope of investment involves various fields, including companies related to blockchain and cryptocurrency.

Ali

AliNot to be outdone in this regard. As a member of the "Ali Family", Ant Financial has invested in Mynt, a financial investment company in the Philippines. In 2017, Mynt announced that it would introduce capital injections from Ant Financial, the parent company of Alipay, and Ayala in the Philippines (the country's largest real estate developer). Among them, Ant Financial holds 45% of the shares, and Ayala holds a minority stake.

It is understood that the services provided by Voyager include rechargeable sub-accounts, retail electronic payments, peer-to-peer payments, online loans, and credit assessment; Mynt is similar, providing payment, transfer, and loan services for individuals and businesses. this means,Mynt is in direct competition with Voyager invested by Tencent, and it is also an investment for the two companies to compete for the position in the mobile payment market in the Philippines.

At the same time, there are rumors that Ali is considering introducing an encrypted digital currency exchange to further improve its ecosystem and financial infrastructure. Therefore, we will cooperate with TRON, and the TRON team will provide assistance in establishing digital currency exchanges, and discuss how to build more popular exchanges based on well-known exchanges such as Binance and Coinbase by sharing analysis reports.