Chen Ping

1955 -

photo credits: Wikimedia Commons

occupation:  entrepreneur

Chen Ping, the founder of TIDEiSun Group, is a policy maker, intellectual scholar, entrepreneur, owner of SunTV, a Chinese-language media.In 1984, as one of the young and prominent economic experts and policy makers on China's reform and opening up, he attended the historic Moganshan Conference, convened to build up the transformation of the modern China.After the 1989 Tiananmen Square protests and massacre, he started his career as an international business entrepreneur. In 1992, he established TIDETIME Group in Hong Kong. In 2005, TIDEiSun Group completed the acquisition of SunTV and restructured it into a wholly owned subsidiary media channel, dedicated to the production and broadcasting of independent documentaries and in-depth talk shows focusing on political, social, and economic issues in Chinese society.Since 2009, Chen Ping has invested in iSunCloud, an encrypted and decentralized cloud storage architecture of security and efficiency. Users of the cloud storage systems become developers and also coordinate with each other to build up a safer and faster data storage mechanism. The idea of establishing a decentralized storage system of automatic computing and communicating networks initiated TIDEiSun Group to conduct a series of research and development efforts in the following decade to create BOLT, TIDEiSun's public blockchain technology. As an intellectual, Chen Ping published The Age of Plunder in 2016. The book explores the current global economic and financial mechanism and the reason that it motivates business monopoly, wealth concentration, and stimulates the continuous expansion of the global business oligarchy, which contributes to global income inequality. It can have a snowball effect if left not checked––the global cyclical economic and financial crises as the most disastrous outcome. The world has to be equipped with new technology and especially new models of social, economic, and political governance to renovate itself to avoid the next systematic self-destruction. As a scholar specialized in economics, Chen Ping further proposes consumer-investor economic theory: consumer spending creates investment value. According to him, consumer spending directly transforms consumers to investors by creating investment value through consumption. The theory effectively balances the consumer interests, investor interests, and enterprise interests. Through the investment returns earned from consumption, consumers have more influences and enjoy more benefits. Thus, the innovative economic model changes the status-quo distribution mechanism and propels transformation of the current economic model of capitalism toward an era of sustainable development. Based on Chen Ping's innovative economic theory to reform the status-quo economic principle on consumption and investment, TideBit, owned by TIDEiSun, one of the world's safest cryptocurrency exchange platform supporting and the only crypto exchange in the world that supports transactions with fiat currencies of HKD, USD, EUR, and Turkish lira, utilizes the technology advantages of BOLT and has issued TBT, the world's first consumer proprietary tokens. In 2019, TIDEiSun Group ranks as one of the world's top ten most influential FinTech enterprises by APAC CIOOutlook, a renounced FinTech media platform based in Silicon Valley. Source: Wikipedia (en)

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