According to online reports, on May 13, the Hong Kong Web3 Standardization Association issued an announcement that Jingdong Coinlink Technology (Hong Kong Co., Ltd.) serves as the vice chairman unit of the Hong Kong Web3 Association. JINGDONG Coinlink Technology Hong Kong Limited is a subsidiary of Jingdong Technology Group. It is committed to building a global, efficient, reliable and stable payment infrastructure and providing advanced technical products and services to support the development of the global economy. It provides a stablecoin based on the public chain and pegged to the Hong Kong dollar (HKD) 1:1, aiming to provide enterprises and individuals with efficient, low-cost and secure payment solutions. The Hong Kong Web 3.0 Standardization Association was established on January 4, 2024. Its main work is to carry out standardization research in Web 3.0 related fields.