Benzinga | Mar 31, 2021 08:17AM EDT

UPDATE: Taoping CEO Says 'cloud rendering and NFT can provide powerful technical support for TAOP's new media, smart cloud, and online education platform businesses'

"We are pleased to welcome Mr. Wang to TAOP's leadership team," said Mr. Jianghuai Lin, the Chairman and CEO of TAOP. "The acquisition of Render Lake is an important strategic step for TAOP. We believe cloud desktop, cloud computing, and cloud gaming business have explosive growth potential in the 5G era. Also, cloud rendering and NFT can provide powerful technical support for TAOP's new media, smart cloud, and online education platform businesses."