Didi Chuxing security executive lands at digital currency exchange as blockchain opportunity beckons

The allure of blockchain technology as the next big opportunity has prompted a string of Chinese executives at internet-based companies and traditional finance firms to jump ship.

In the latest such move, Wu Shupeng, a former security consultant at car-hailing giant Didi Chuxing, has joined digital currency exchange Huobi. 

Taking up the post on Tuesday, Wu leads a team that oversees security and risk management, the Singapore-based company announced in a statement on Wednesday.

“Wu is a seasoned security specialist with an excellent reputation,” said a Huobi spokesman. “His joining will strengthen the team and lift our risk management capabilities in digital asset trading.”

With entrepreneurial fever sweeping the nation and the backing of affluent venture capital funds, China has seen the sharing economy take off over the past two years. However, the flood of money has begun to cool since the second half of last year.