Business career
In 2005, Zhao moved to Shanghai to launch his business career, where he established his first technology startup company called Fusion Systems,[11] which was known for "some of the fastest automated high-frequency trading platforms and systems for stockbrokers."[9] Zhao first heard of Bitcoin in 2013 when playing poker with Bobby Lee (brother of Charlie Lee) who would later go on to found BTCC. Lee advised Zhao to put 10% of his money into bitcoin. Zhao instead "went all in" and sold his apartment in Shanghai and invested all of his wealth in Bitcoin, much to his family's dismay.[10]
In 2013, Zhao was a member of the team that developed Blockchain.info and he also served as Chief Technology Officer of OKCoin.[9]