... Zan was initiated by Ant in September of the previous year, with a clear goal of establishing itself as a critical technology provider at the heart of the emerging Web3 landscape. The CEO of Zan, Cobe Zhang Chenguang, explained in a recent interview that the company intends to bring the extensive technology services that Ant Group has developed over the years, particularly in areas such as blockchain and financial compliance, to Web3 developers worldwide. The goal is to become a central figure in the Web3 industry by offering a comprehensive suite of technical solutions, including node provider services and know-your-customer (KYC) verification. Zan aims to capture the largest market share in the Asia-Pacific region within the next two to three years. ...
Ant Group, known for its affiliation with the Chinese e-commerce giant Alibaba Group Holding, operates AntChain, which is currently the largest enterprise-facing blockchain platform in China. ... Despite its dominance in mainland China, Ant recognized the need to establish Zan in Hong Kong to further expand its blockchain services on a global scale. ...
See the full story here; https://www.cointrust.com/market-news/ant-digitals-zan-aims-to-lead-in-global-web3-with-hong-kong-expansion