The TRON Union Core Member Peiwo APP Won China’s National High-tech Enterprise Qualification!

Recently, the parent company of Peiwo APP which is core member of TRON Union, Peiwo Huanle (Beijing) Technology Co., Ltd. entered the list of “Beijing’s third batch of high-tech enterprises to be identified in 2017” which means that Peiwo APP and the online entertainment forms and technologies of its audio content community have been recognized by the Chinese government, and its market will expand.

The National High-tech Enterprise is a policy set by the Chinese government to promote the rapid development of high-tech enterprises. There are strict standards for inclusion. After being included, companies will enjoy a series of concessions in technology research and development, tax relief and personnel policies so as to help enterprises devote more energy and ability to independent research and development and to enhance their core competitiveness.

Peiwo APP is the largest audio content community in China and even in the world with more than 10 million registered users and over 1 million active users each month. The users are primarily youth aged between 17–25, located in first-tier and second-tier cities in China, as well as North America, Australia, Japan, Western Europe and other regions.

Justin Sun, founder of TRON and Peiwo APP, said: “Peiwo APP is a leading application of online audio content community and a core member of the TRON Union. This access to the national high-tech enterprise qualification represents significant recognition of the long-term persistence of Peiwo APP. Recently, we also noticed that the popularity of online audio entertainment has been on the rise, and the market is constantly expanding. For Peiwo APP, we can only make progress steadily and provide better Service, so as to live up to everyone’s support.”

Tron is a decentralized content protocol that aims to establish a global free content entertainment ecosystem through blockchain technology. It allows each user to freely publish, store, and own data. The content creators will be empowered through the free creation, circulation, and trading of digital assets under decentralized self-governance.

Tron was founded by Justin Sun, the former Greater China chief representative of Ripple. Justin was featured in 2015&2017 Forbes China 30 under 30, 2017 Forbes Asia 30 under 30 and was a member of the first cohort of entrepreneurs at Hupan University, the founder of Alibaba Group. According to coinmarketcap.com, Tron is among the top 10 cryptocurrencies by market cap, with a total market cap over 10 billion USD.