Ninetowns has selected Cai Zhifang as CEO of NBTC Ltd., which will be in charge of blockchain development and digital currency business.

According to the press release, Internet company Ninth City ("Ninetowns, Nasdaq: NCTY") today announced the election of Cai Zhifang as CEO of NBTC Limited ("NBTC"). Ninetowns has led the growth of the NBTC's blockchain and digital currency markets. Cai Zhifang is an early specialist in the blockchain industry and co-founded Yibit Digital Technology Co., Ltd. in 2013, was one of the first mergers in the domestic blockchain industry. In 2015, Cai Zhifang became chairman of Weitui Technology, most likely Canaan Technology Avalon miners and independent miners, with the highest value accounting for almost 4% of Bitcoin's total movement. Since then, it has formed a partnership with Canaan Technology to design and manage mines, manage more than 300,000 mining rigs, maintain management and operational power of 5000P or more, the price above 5000P or more 5% of the total Bitcoin. the network. After joining the NBTC team at Ninetowns, Cai Zhifang will be responsible for expanding the NBTC blockchain and digital currency business, enabling his rich experience and industrial capital to develop the company's marketing strategy and put implement its applications. The partnership between Initiative, NBTC and Global Digital Accelerated Currency Ecology Partners has made Ninetown a global leader in the digital currency industry.