TRON and Chinese Netflix signed a partnership agreement

Today it became known that the Chinese cryptocurrency startup TRON signed a partnership agreement with one of the largest Chinese companies in the market of Internet entertainment Baofeng.

Last week, the head of TRON has announced that very soon he will announce a new partnership agreement with one of the largest Chinese companies.

On the new partnership became the Executive Director of the TRON Justin San tweeted:

We #TRON are proud to announce the partnership with Baofeng group. Baofeng, aka Chinese @netflix boasts more than 200 million users as a video portal giant and has achieved CNY 8 billion listing in Shenzhen stock exchange (300431.SZ). https://t.co/f9MJZcmSDD #TRX $trx pic.twitter.com/jZJF32mmvi— Justin Sun (@justinsuntron) January 10, 2018

We are proud that we managed to conclude a partnership agreement with Baofeng group, known as the Chinese Netflix. Baofeng has a user base of more than 200 million, and capitalization of 8 billion yuan.

TRON plans to use the wide infrastructure network Baofeng, Baofeng is to develop the blockchain is the direction of the company.

See also Technical documentation TRON is a rip-off of projects Filecoin and IFPS

The market reacted very poorly to the news. The price of TRON for the last day fell by almost 23%. Apparently, the ongoing General decline of the cryptocurrency market, as well as scandal associated with plagiarism technical documentation of the TRON project has had on traders more influence than news about the new partnership.