In Cyberport, the core area of the Hong Kong Web3 ecosystem, Conflux Network, leveraging its powerful platform capabilities, is collaborating with Alibaba Cloud to explore the application potential of Web3 technology in sectors such as retail, tourism, entertainment, art, and education. As a leader in the Hong Kong Web3 domain, Conflux Network not only received a HK$50 million grant from the Hong Kong Special Administrative Government last year to accelerate the construction and development of the Web3 ecosystem but also, through this partnership with Alibaba Cloud, further promotes innovation and progress in the Web3 technology field across Hong Kong and the entire Asian region. This collaboration will not only assist Hong Kong enterprises in achieving digital transformation but also promote the prosperity of related industry ecosystems, stimulating more innovative vitality.