ChinaNet Online Holdings Appoints Zhongyi Liu as Chief Strategy Officer for Blockchain and Business Development
January 11 2018 - 9:15AM
ChinaNet Online Holdings, Inc. (Nasdaq:CNET) ("ChinaNet" or the
"Company"), an integrated online advertising, precision marketing
and data-analysis and management services platform, today announced
that it has appointed Mr. Zhongyi Liu as Chief Strategy Officer to
head the Company’s blockchain strategy plan and related business
development.
Mr. Zhongyi Liu, the co-founder of a BitCoin
company, FuDeShu.com, graduated from Huazhong Agricultural
University. He began his career in Xinhua News and attained the
role of Chairman of the Hong Kong Xinhua News Agency from 1992 to
1994. Since 1996, he transitioned to the internet industry and
became one of the earliest internet entrepreneurs in China. In
1996, Mr. Liu built an Internet community called Student Global
Village. In 1999, he founded SOHO Network Technology Co.,
Ltd. and published a book “How to become a SOHO”. In 2001, he
set up Email Post Net, the earliest O2O business model in China.
Mr. Liu was also the one of the co-founders of TsingDa Education
Corp., known as one of the most successful O2O educational models
in China.
In 2013 Mr. Liu entered the mobile internet
industry and innovated a personalized mobile network, known as
Golden Banyan, an early version of FuDeShu with a technical concept
similar to blockchain. In 2015, Golden Banyan revolutionized into
FuDeShu, the blockchain service provider and in 2016 he issued an
ICO whitepaper, called FuDeCoin (FDB), making it one of the
earliest blockchain based ICO adopters in China. In 2017, he
originated “Blockchain+” a model that solved the puzzle of
operating blockchain in large-scale businesses hoping to create a
dynamic business ecosystem.
Mr. Liu has extensive connections and experience
in the internet industry as well as in the government sector due to
his personal experience in Hong Kong XinHua Press. He knows the
need of SMEs in China and has built up a superb reputation in the
blockchain industry in China. Mr. Liu will utilize his personal
relationships and resources in the mobile internet and blockchain
fields, sharing his experience with FuDeShu’s mature blockchain
service framework and product cycle to help ChinaNet integrate
blockchain into its core intelligent system CloudX. He will assist
the Company in building a global business blockchain ecosystem for
SMEs around the world and help ChinaNet combine AI and blockchain
for marketing and advertising applications and extend our services
into transaction related areas.
ChinaNet has been exploring the potential of
blockchain for over a year and Mr. Liu has been
advising the Company on blockchain for the past four months. Mr.
Liu has brought great synergies in our partnership with Jingtum
Technology. “Our engagement in blockchain is not impulsive, but
rather a strategic decision to explore and trial blockchain
applications with our CloudX platform,” stated Mr. Handong Cheng,
CEO of ChinaNet. “We believe in blockchain and its ability to
change the internet. Within a reasonable period of time, we plan to
present our first application utilizing blockchain technology with
an updated version our CloudX Ai. We believe once we complete all
sectors of blockchain as we have designed, we will create a new era
for business applications using blockchain and artificial
intelligence for marketing and advertising, as well as
multi-dimensional transaction services.”
About ChinaNet Online Holdings, Inc. ChinaNet
Online Holdings, a parent company of ChinaNet Online Media Group
Ltd., incorporated in the BVI (ChinaNet), is an integrated online
advertising, precision marketing and data-analysis and management
services platform. ChinaNet provides prescriptive analysis for its
clients to improve business outcomes and to create more efficient
enterprises. The Company leverages an optimization framework,
provided by its comprehensive data-analysis infrastructure, to
blend data, mathematical, and computational sciences into an
outcome management platform for which it monetizes on a per client
basis. ChinaNet uniquely optimizes and prescribes its clients
decision making processes based on its proprietary ecosystem. For
more information, visit www.chinanet-online.com.
Safe Harbor This release contains certain
"forward-looking statements" relating to the business of ChinaNet
Online Holdings, Inc., which can be identified by the use of
forward-looking terminology such as "believes," "expects,"
"anticipates," "estimates" or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including business uncertainties relating to
government regulation of our industry, market demand, reliance on
key personnel, future capital requirements, competition in general
and other factors that may cause actual results to be materially
different from those described herein as anticipated, believed,
estimated or expected. Certain of these risks and uncertainties are
or will be described in greater detail in our filings with the
Securities and Exchange Commission. These forward-looking
statements are based on ChinaNet's current expectations and beliefs
concerning future developments and their potential effects on the
Company. There can be no assurance that future developments
affecting ChinaNet will be those anticipated by ChinaNet. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond the control of the Company) or other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by such
forward-looking statements. ChinaNet undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except
as may be required under applicable securities laws.
Contact: MZ North America Ted Haberfield,
President Direct: +1-760-755-2716
Email: thaberfield@mzgroup.us
Web: www.mzgroup.us
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