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DUBAI / Emirates Business
Beijing Tai Cloud Technology, the first blockchain company in China’s new OTC market, has announced the launch of its UAE operations aimed to leverage opportunities of trading in blockchain technology.
Tai Cloud is a pioneer in the research and application development of the blockchain technology system in the People’s Republic of China. The company established the Tai Cloud Dubai Branch and China Blockchain Application Research Centre (Dubai) in line with the blockchain technology programmes to empower Dubai’s Smart City drive.
Tai Cloud partners with Dubai-headquartered Duwaya Investment Group to launch the operations in the UAE.
Danny Deng, Chairman of China Blockchain Application Research Center and Chairman of Tai Cloud Group; Dr Wang Wei, Founding President of the China M&A Association; Abdulhamid Duwaay, Chairman of Duwaya Investment Group; and Behram Faroogh, PwC Partner attended the launch ceremony.
Danny Deng said, “We are proud to launch Tai Cloud operations in Dubai. Dubai is among world’s first cities to be driven by the blockchain technology and has a high-quality soil for the development of the blockchain industry. With this establishment of Tai Cloud Dubai Branch in Dubai, we
are promoting the development of Dubai’s smart city program by implementing the Tai Cloud blockchain industry beyond China.â€