ChinaNet appoints its new Chief Technology Officer

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ChinaNet appoints its new Chief Technology
Officer
ChinaNet appointed Mr. Yingguo Guo as the new
Chief Technology Officer of the company. Well,
ChinaNet, the NASDAQ listed company is an
integrated online advertising, precision
marketing, and data analysis and management
services platform. ChinaNet President
States Handong Cheng, the Chairman, President,
and CEO of ChinaNet said, We are excited about
the addition of such high-caliber talent to
ChinaNet." He continued, "Yingguos distinguished
leadership capabilities, deep expertise in
technological innovation, and consistent focus on
boosting operational efficiencies are welcomed
additions to our executive team. With over ten
years of experience in the technology industry,
Yingguos proven track record in developing
strategies and optimizing systems for internet
platforms will help drive our  growth and
streamline our expansion efforts going forward.
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About Yingguo Guo
Mr. Yingguo Guo has experience in managing
research and development for over a decade. And
prior to this, he held several executive
positions in various countries like the U.S.,
Canada, and China. Also, he founded two
technology companies in China, and Twinkle
Entertainment Technology being one of them. He
founded Twinkle in 2016 and is an electronic
ticketing platform based on blockchain
technology. Twinkle successfully rolled out its
blockchain products in Southeast Asia
transforming the entertainment ecosystem of that
region.
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The Blockchain Boom in China
The amount of interest, China is showing towards
the blockchain technology, the country may soon
become a global hub for the same. And recently,
in October, President Xi Jinping announced his
support towards blockchain technology as he
talked about increasing investment in the sector.
He also stated, Blockchain should be made an
essential way and main direction to drive
China-led technology innovation. Reportedly, Chin
a also plans to invest around 2 Billion by 2023
in the blockchain sector. Apart from that China
is soon going to launch its own CBDC (Central
Bank Digital Currency).
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China tightening crypto space
Recently, local authorities have Beijing has
issued a warning.  they asked firms not to
indulge in any kind of crypto trading activities
along with crypto-related services. Several
violations took place in China in the past
months. Also, Shenzhen authorities busted eight
companies for conducting illegal crypto-related
activities. In November, five exchanges shut down
as well. However, the Central Bank of China
clarified in its updated regulatory framework
that its pro-blockchain nature is not an approval
to cryptocurrencies.
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