Taoping Inc. releases an update on its operations and announced Huan Li's promotion to Chief Marketing Officer.
FREMONT, CA: Taoping Inc., a distributor of blockchain technology and smart cloud services, has released an update on its operations and announced Huan Li's promotion to Chief Marketing Officer. Huan Li is currently the director of the Company's Digital Culture Business Division. Mr. Li will be in charge of all marketing operations, including product marketing, brand planning, direct and digital marketing, data analytics, and marketing functions.
"Since joining TAOP in March, Mr. Li has proven to be an experienced marketing leader with keen market observations and strong market development abilities, and his presence has been felt across the entire company," said Mr. Jianghuai Lin, Chairman, and CEO of TAOP. "We believe his elevated role will ensure the execution of the Companys market expansion agenda."
Business Updates:
The Company completed its acquisition of Taoping New Media on June 9, 2021, as previously stated. Effective in June 2021, the Company plans to book advertising revenues.
TAOP participated in Asia OOH's 18th China Outdoor Communication Conference in Chengdu, China, from June 24-26, 2021. TAOP got the Top Media in Shopping District Award at the conference for its digital transformation and multi-scene applications in out-of-home advertising.
Relevant Canadian authorities are now reviewing the Company's previously announced acquisition of Render Lake. The Company will work closely with the authorities to conclude the evaluation as quickly as possible.
The Company's NFT business is running smoothly, and the Company does not anticipate any detrimental effects from China's recent prohibition on digital asset mining on its NFT business.
The G Cloud Data Centers in Dongguan and Hong Kong are both up and operating. Meanwhile, the Company is actively looking for global places to expand its Taoping G Cloud Data Center footprint.
Taoping Inc. (TAOP) is a technology and financial firm with operations in Mainland China, Hong Kong, and other international markets. TAOP delivers solutions and cloud services to industries like film and television production, education, new media, artificial intelligence, and asset management, leveraging its unique strengths in cloud technology and chip supply chain. The Company focuses on blockchain technology research and application and financial asset investment and management both at home and overseas.
