Taoping Inc. (TAOP) stock went down 10.69% on Thursday, March 19, 2021, but it gained 10.44% in the after-hours session.
Let’s see what’sthe latest news about TAOP is.
Launching of Digital Culture Business Division
On March 18, 2021,Taoping Inc announced a newly-created Digital Culture Business Division. It appointedZhixiong Huang, as director of Digital Culture Business Division concurrently, and Huan Li as Executive Associate Director of the Division. The new division will cover Taoping’s new-media business and education business. The intention behind the Digital Culture Business Division is to build a new interconnected and open platform ecosystem.
Launching of BlockChain Division
On March 09, 2021, TAOP announced the launch of a newly-created Blockchain Business Division. Linxi Deng was appointed by TAOP as the director of the new division.
Appointment of New Chief Strategy Officer
On March 3, 2021, TAOP appointed Dongfeng Wang as Chief Strategy Officer. Mr. Wang will be responsible for the development of blockchain and digital assets business.
Selling of aggregate of 500,000 TAOP ordinary shares
On March 01, 2021, TAOP signed a securities purchase agreement with certain strategic investors. According to the agreement, the TAOP agreed to sell the Investors an aggregate of 500,000 ordinary shares at a purchase price of $6.70 per share. The TAOP will get $3.35 million before deduction from the share sales.
About TAOP
Taoping Co., Ltd. a NASDAQ listed company in the United States. It was founded in 1993 in China. TAOP is an Internet company dedicated to the research and application of blockchain technology and digital assets. It also provides services for Internet education and new media industries through cloud application technology.
