ChinaNet Announces New Pro-Blockchain CTO Of The Company

ChinaNet, the leading Chinese marketing giant, announced the new pro-blockchain Mr. Yingguo as the new Chief Technology Official of the company according to a press release today that we are reading in the following crypto news.

ChinaNet is a NASDAQ-listed company and according to the company’s website, the company is an ‘’integrated online advertising, precision marketing, and data analysis and management services platform’’ that is mainly focused on providing data analysis for the clients in order to help them improve their business outcome as well as creating efficient enterprises. In their announcement, the company said that the new CTO will use his leadership capabilities and experience in technological innovation to help the company to expand its interest in the development of blockchain technology.

Speaking about the new developments, Mr.Handong Cheng the president and CEO of the company and shared his gratitude for having a talent in his executive team and said:

 “We are excited about the addition of such high-caliber talent to ChinaNet. With over ten years of experience in the technology industry, Yingguo’s proven track record in developing strategies and optimizing systems for internet platforms will help drive our growth and streamline our expansion efforts going forward.”

Yingguo has founded two tech companies one of which is Twinkle Entertainment Technology Co., Ltd. which is an electronic ticketing platform that is based on blockchain technology and he also worked as an executive in different technology companies in several countries including Tencent. China could become a global blockchain hub now more than ever as the country boosts its interest in blockchain technology. Back in October, President Xi Jinping declared his support for the technology and said that the nation should embrace crypto and invest in the technology. According to him, ‘’Blockchain should be made an essential way and main direction to drive China-led technology innovation.’’

Following Xi’s endorsement of the blockchain technology, the reports show that the country is set to inject more than $2 billion in the blockchain sector by 2023. Another report emerged that South China’s province Hainan boosted the local startups with $143 million to promote the development of the blockchain industry in the region. Aside from the plans to get into the blockchain, China is on the verge to launch a central bank digital currency.
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