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China's Urban Tea Plans To Dive Into Blockchain And Bitcoin Mining Market

Mary Liu

Summary: Urban Tea, a Nasdaq listed company in China (NASDAQ: MYT) announced the appointment of new chief operating officer Fengdan Zhou and independent director Yunfei Song.  According to public information, Urban Tea is headquartered in Changsha, Hunan, and is an emerging tea product distributor and retailer. The company now bets on the future of the crypto space with ...

Urban Tea, a Nasdaq listed company in China (NASDAQ: MYT) announced the appointment of new chief operating officer Fengdan Zhou and independent director Yunfei Song. 

According to public information, Urban Tea is headquartered in Changsha, Hunan, and is an emerging tea product distributor and retailer. The company now bets on the future of the crypto space with new strategic expansion in blockchain and cryptocurrency mining. 

Yi Long, CEO of Urban Tea, said: "We expect that their industry expertise, combined with our growth strategy, will lead our expansion plan into the cryptocurrency mining industry. Going forward, we expect Urban Tea will start expanding into blockchain ecology, such as cryptocurrency mining, blockchain mine construction and maintenance, and cryptocurrency exchange operations."

By Mary Liu 

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