HashKey Group Partners with Alibaba Cloud to Advance Web3 Innovation
- HashKey Group
- May 20
- 3 min read
Financial services group halves data operation costs with Alibaba Cloud solutions
Hong Kong, May 20, 2025 – HashKey Group ("HashKey" or "the Group"), a leading digital asset financial services group in Asia, has partnered with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to accelerate Web3 innovation and drive business growth.
HashKey Group has reduced data operation costs by over 50%* by leveraging Alibaba Cloud’s robust, secure, and scalable infrastructure. 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.
Mizha Guo, Chief Technology Officer, HashKey Group, said: “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. This collaboration ensures we continue to deliver secure, compliant, and innovative digital asset services to our global users with confidence.”
Annie WANG, General Manager of Hong Kong, Alibaba Cloud Intelligence, said: “The Web3 sector require a significant amount of computing, storage, and network resources. 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.”
Staying competitive and thriving through AI innovations
Based on Alibaba Cloud’s deep learning engineering platform PAI (Platform for AI), 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 up to 14 days in advance, 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.
Collaborating to build a vibrant Web3 ecosystem
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.
About HashKey Group
HashKey Group is a leading digital asset financial services group in Asia with global operations in regions such as Hong Kong, Singapore, Japan, Ireland and Bermuda. Since 2018, HashKey Group has built a global Web3 ecosystem within a high-compliance regulatory framework, including HashKey Exchange, the largest* licensed virtual asset exchange in Hong Kong; HashKey Global, the flagship digital asset exchange; HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey OTC, the compliant over-the-counter (OTC) trading arm of HashKey Group, HashKey Cloud, a leading provider of global Web3 infrastructure; and HashKey Tokenisation, a tokenisation services provider.
HashKey Group also possesses a rich on-chain ecosystem, having developed the Ethereum Layer 2, HashKey Chain, and has listed the HashKey Ecosystem Token HSK. HashKey Group is committed to driving the mass application of blockchain technology, aiming to provide trustworthy and accessible digital asset services to one billion global users.
*Refers to cost optimization of products (primarily big data-related), covering cloud expenses and operational manpower expenditures.
*As of January 31, 2025, HashKey Exchange ranks 7 on CoinGecko’s global exchange list and is the highest-ranked licensed virtual asset exchange in Hong Kong.
Disclaimer
About Alibaba Cloud
Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world’s leading public cloud IaaS service providers since 2018, according to IDC.
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This is a cool partnership! Cutting data costs by 50% is huge. It's great to see companies collaborating to push Web3 forward and make it more accessible. Sounds like a win-win Ragdoll Archers!
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