China's Tencent, Ant Group ink pact to stop secondary trading of NFTs

China's Tencent, Ant Group ink pact to stop secondary trading of NFTs

Ant Group's Hangzhou Headquarters. Source: Ant Group

Chinese tech giants including Tencent Holdings and Ant Group have signed a pact to stop the secondary trading of digital collectibles and “self-regulate” their activities in the market, Chinese state media reported on Thursday.