Jack Ma, the founder of Chinese e-commerce giant Alibaba (NYSE:BABA), spoke out at the 2nd World Intelligence Conference in Tianjin, saying that blockchain technology is not a bubble, but Bitcoin is, Wednesday, May 16.
Ma said he has been researching blockchain for years, and believes strongly in its potential to address issues of data privacy and security for society at all levels - governments, corporations and individuals - in an "era of big data.” He stressed that security is a top priority for the e-commerce conglomerate, which reported $39.9 bln in yearly revenue in its latest fiscal Q4 earnings release, and has a trading volume of “trillions of transactions.”