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Born in Beijing, Liu previously worked as a teacher then a journalist. He launched his business with a loan of 200,000 yuan (,800, current exchange rate) in a rented courtyard. Seizing the momentum of China's reform and opening-up, Liu and his partners created the nation's first top-notch fashion magazine.

Blue Apron reduced its IPO pricing before going public, and shares in the meal kit company have tumbled close to 40 percent since it started trading on the New York Stock Exchange in late June.

Both Herbrich and Lawrence previously worked for the Seattle-area’s other tech titan, Microsoft. Herbrich was Director of Microsoft’s Future Social Experiences lab in the UK, while Lawrence worked as a Machine Learning Researcher at Microsoft Research, Cambridge.

Both have produced fruitful results in exchanges and cooperation in various fields, he said, calling it a development worth cherishing.

Blockchain technology, by virtue of its sophisticated cryptographic techniques, will help affirm rights regarding the personal information of the individuals who generate it, while any enterprises that want to access the information must pay those individuals, Zhou said.