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What did Alibaba Cloud say in a post late at night?

Alibaba Cloud declares: It will never provide a “mining platform” or virtual currency.

According to news on January 17, there are recent media reports that Alibaba has launched a virtual currency mining platform "P2P Node" and pointed out that Alibaba is recruiting mining machines to settle in. In response, Alibaba Cloud issued a statement late at night on January 16 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.

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

Statement on the false report that "Alibaba Mining Platform 'P2P Node' has quietly gone online"

We have noticed that in recent days Some media reported that Alibaba 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 Network) nodes refer to common users in the CDN industry who enjoy bandwidth acceleration services. Users can enjoy 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 will reward users with authorized resources in the form of points, which can be exchanged for gifts in point-based malls and have no monetary function or hype value.

We reiterate 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.

Alibaba Cloud Computing Co., Ltd.

January 16, 2018