Ant Group, Ping An Group and Tencent Cloud ranked as the top three among 50 leading Chinese industrial blockchain enterprises in 2020 in a report published last Friday, as reported by Chinese media outlet 8btc.

Fast Facts:

  • The China Federation of Logistics & Purchasing’s blockchain unit published its 2020 Top 50 Chinese Industrial Blockchain Enterprises Report, based on a full year of observation and analysis of company data, including their blockchain projects, blockchain patents and company size. 
  • Ant Group — the fintech unit of Chinese e-commerce giant Alibaba — which owns ubiquitous mobile payment app AliPay, ranked top among the blockchain enterprises. Ant in September 2020 launched blockchain-powered platform Trusple, based on its proprietary Ant Chain technology, a hybrid permissionless and premissioned chain for cross-border trade.
  • Ping An Technology, the tech arm of Ping An Group, one of the biggest securities companies in China, came in second place, and State Grid Corporation of China and Tencent Cloud — internet giant Tencent’s cloud services operation — tied for third place. 
  • Although crypto-related activities such as mining and trading have been the targets of clampdowns in China recently, blockchain, as a core technology supported by the government, has not been adversely affected by those moves.