Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has partnered with HashKey Group, a Hong Kong-based digital asset financial services group in Asia, to accelerate Web3 innovation and drive business growth.

By leveraging Alibaba Cloud’s robust, secure, and scalable infrastructure, HashKey Group has reduced data operation costs by over 50 percent, Alibaba Cloud said in a statement on Tuesday.

The cloud provider’s advanced data services have also enabled HashKey Group to gain deeper market insights, optimize business operations, and enhance its user experience, further solidifying its market leadership and fostering sustainable innovation.

“The collaboration with Alibaba Cloud has unlocked new level of efficiency and innovation for Hashkey Group,

“Its robust cloud infrastructure and advanced big data solutions have strengthened our infrastructure, fortified security, and optimized performance, allowing us to scale efficiently while maintaining cost-effectiveness,” said Mizha Guo, Chief Technology Officer, HashKey Group.

He noted this collaboration ensures the firm continues to deliver secure, compliant, and innovative digital asset services to its global users with confidence.

Meanwhile, Annie WANG, General Manager of Hong Kong, Alibaba Cloud Intelligence, said the Web3 sector require a significant amount of computing, storage, and network resources.

She noted this necessitates high-performance infrastructure that balances scalability with regulatory compliance – an area where Alibaba Cloud excels.

“We are pleased to assist HashKey Group to deliver high-quality, compliant, and secure Web3 products and services,

“Hong Kong has strengthened its position as a global Web3 innovation hub in recent years and we look forward to continuing to support this trend with our expertise,” she added.

Based on Alibaba Cloud’s deep learning engineering platform for artificial intelligence (PAI), HashKey Group successfully deployed its AI development platform within three months, improving system stability and efficiency.

By analyzing transaction insights, the company built a real-time intelligent risk control model, significantly improving fund security.

Additionally, the upgraded platform can now predict market trends more accurately and detect potential risks, helping HashKey Group maintain its competitive edge.

The platform also ensures high compatibility with third-party products, securing the stability of HashKey Group’s global Web3 ecosystem.

Moreover, a comprehensive data warehouse solution also serves as a standardized architecture template, streamlining future business expansion.

Hashkey also launched an AI-powered chatbot through PAI. Integrated with the Group’s internal knowledge base, the chatbot enhances employee collaboration and boost productivity.

In addition, HashKey Exchange, Hong Kong’s largest licensed virtual asset exchange, and the core of HashKey Group, now utilizes Alibaba Cloud’s comprehensive data solutions for real-time data processing, transformation, and complex analysis.

Looking ahead, HashKey Group will explore industry-specific Web3 solutions by leveraging Alibaba Cloud’s infrastructure and middleware, combined with its expertise in real-world applications.

Furthermore, the two parties will collaborate on talent development through joint training programs, developer competitions, and other initiatives aimed at attracting partners and driving sector-wide innovation, ultimately contributing to a vibrant and sustainable Web3 ecosystem.


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