Chinanet Online (NASDAQ:CNET) Appoints A New Chief Strategy Officer

The stock of Chinanet Online (NASDAQ:CNET) closed at $4.28 losing 10.83% in yesterday’s trading session. Zhongyi Liu has been appointed to serve in the position of the chief strategy officer for Chinanet Online. He will be entrusted majorly with driving Chinanet’s blockchain strategy plan.

Mr. Liu back in 2013 he made his entry in the mobile internet industry where he proceeded to innovate a personalized mobile network called Golden Banyan. It was two years later that Golden Banyan underwent a revolution to become FuDeShu, the blockchain service provider.

It also went down records in 2016 that he proceeded to issue out an ICO whitepaper named FuDeCoin and in the republic of China it was among the earliest adopters of blockchain based ICO.He has also been figuring out on the possible ways in which he can come up with a dynamic business ecosystem and that is in close consideration of the ever changing business dynamics experienced around the globe.

The company takes great pride in the fact that Mr. Liu is widely known for having extensive experience and connections as well in the diverse internet industry. He is also one of the biggest names in the government sector and that emanates from the fact that at some point he served in the Hong Kong XinHua Press.

He understands the great need for China to have in place a large number of SMEs .As a development oriented personality, the leader has taken advantage of his high position to make himself a superb reputation in the blockchain industry and in China as a whole.

He opined, “I will be utilizing my personal relationships and resources in the mobile internet and blockchain fields, sharing my experience with FuDeShu’s mature blockchain service framework and product cycle to help ChinaNet integrate blockchain into its core intelligent system CloudX.”

If all goes according to plan, he is expected to help the company in a major way in terms of setting up a global business blockchain ecosystem for SMEs globally.

About the author

Adam Loreen

Loreen covers the Crypto/Blockchain sector for Investing News Center.

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