Home Cryptocurrency Zhao Chen will Now Work with CMCC Global in Shanghai

Zhao Chen will Now Work with CMCC Global in Shanghai

Zhao Chen will Now Work with CMCC Global in Shanghai

  • Martin Baumann, the co-founder of CMCC Global warm-heartedly, welcomed Zhao at CMCC.
  • Zhao Chen had also been an employee of OnChain (another reputable company with Blockchain Technology) and now will work with CMCC Global.
  • CMCC Global has its branches in Toronto and Shanghai. It manages three digital asset funds and the Liberty Bitcoin Fund.

Martin Baumann, the co-founder of CMCC Global warm-heartedly, welcomed Zhao at CMCC. Yes, you guessed it correct, CMCC Global, one of Asia’s first venture capital where investors are focused solely on blockchain technology, brings Zhao Chen as a partner to set up a Shanghai office.

Zhao Chen was the previous General Manager at NEO, the organization whose vision was to realize a “smart economy” by using blockchain technology and smart contracts to assign and manage digitized assets.

Zhao Chen had also been an employee of OnChain (another reputable company with Blockchain Technology) and now will work with CMCC Global for Blockchain equity investments in the Shanghai Region. 

Baumann mentioned that they knew Zhao for quite a long time because of his work with NEO. Zhao will bring his blockchain expertise and experience of Chinese and international financial markets. He later mentioned that CMCC is looking forward to expanding their business and reach in China with the help of Zhao.

Founded in 2016 in Hong Kong, CMCC Global has its branches in Toronto and Shanghai. It manages three digital asset funds and the Liberty Bitcoin Fund and looks forward to launching the Titan fund. This is a traditional venture capital fund that will invest primarily in Seed and Series A stage equity opportunities of blockchain companies.

The company plans to invest in the “core technical and social infrastructure,” and believes that there will be regional disparities in blockchain platforms. It aims to maintain global relations with the companies to bridge the gap between the East and the West.

Annotation 2019-12-21 115228
Source: prnewswire

He believes that China is a crucial undisputed player in the blockchain space; this will open a door of opportunities for Chinese blockchain projects domestically and also on international grounds.

Spoken about the economy of China, the country has announced Blockchain as the critical technology for its development as a whole in 2017. In October 2019, the Chinese govt. Lays out numerous plans for harnessing the power of the Blockchain technology for more significant development. Thus China is seen as the emerging country with ever profiting technology and has mentioned in every list of top countries with this technology. 

Baumann also says the following in context to the company and China.

Annotation 2019-12-21 115255
Source: prnewswire

Thus, with Zhao Chen coming into the superpower, Shanghai, and China as a whole hope to leap forward with Blockchain Technology.

Download our App for getting faster updates at your fingertips.

en badge web generic.b07819ff

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners

Must Read

XRP First Time Trading Above the Price Levels of September 2018

XRP breaks multiple resistance levels and currently trading at $0.7155 with the massive intraday gain of 59.02%, facing the new resistance at...

Security and protection of funds are that the prime priority for EagleFX

Headquartered at the Commonwealth of Dominica, Eaglefx was fashioned in 2019 with a vision to ease commerce for its customers and provides...

Lisk Bulls Targeting For $2.00 With No Signs of Reversals Amid Significant Bullish Run

After breaking above the crucial mark of $1.00, Lisk has further continued its positive run in the market and showing no signs...

Malaysian crypto trade says $3 billion blockchain bond is removed

 A Labuan-put together exchanging stage centred concerning computerized resources including cryptocurrency. Malaysian cryptographic money centred trade has been removed at the guarantor's solicitation.The...

Hackers used GoDaddy Employees to Hack Crypto Sites: Liquid and NiceHash

GoDaddy Employees have been fooled by the hackers and the crypto sites Liquid and NiceHash have been hacked.The hackers used a phishing...

BAT Bounces from the Support Breaking the Falling Channel Pattern

Basic Attention Token (BAT) gave a positive breakout from the falling channel pattern over the monthly chart after taking the support from...

Related News

Digital change is essential however we don’t uphold private cryptocurrencies- German Finance Minister

Germany's Finance Minister Olaf Scholz has referenced secretly given cryptocurrencies resources.The European Union (EU), including Germany, is quickening innovative work on the...

Airbnb plays blockchain popular expression bingo in $ 1B IPO documenting with SEC

Crypto firms are genuinely attempting to restore the gravely hit travel area utilizing conveyed record innovation. The record rolls out an elite of...

The Cryptocurrency Mining Equipment market is skyrocketing

Stratagem Market Insights added an overview of the Cryptocurrency Mining Equipment MarketThe insider report covers various aspectsDifferent methodology to study the competitive...

Brazilian Indigenous Tribes Neglected by the Government

Jair Bolsonaro, The President of Brazil, is known for looking down on its indigenous people. He is racist and discriminative towards themHe...

ZebPay to Dispatch India’s non-fungible Crypto Token and Commercial Center

A non-fungible token (NFT) is a cryptographic symbolic that speaks to something exceptional and has singular qualities that set them apart. The distinction...