Future FinTech Group

Future FinTech Group, Inc. is a holding company, which engages in the operation of a real name blockchain based e-commerce platform. Its activities include a blockchain-based online shopping mall platform, Chain Cloud Mall (CCM), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based application projects, and a digital payment system (DCON). It operates through the following segments: CCM Shopping Mall Membership, Coals and Aluminum Ingots Supply Chain Financing/Trading, Asset Management Service, and Others. The company was founded on June 29, 1998 and is headquartered in New York, NY.

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NEW YORK, Dec. 1, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that it signed a Strategic Cooperative Letter of Intent with Faya Digital Technology Co., Ltd. ("Faya Digital") to establish a metaverse research and operations platform.

Future Fintech Enters into Strategic Cooperative Letter of Intent to Develop Metaverse Platform

NEW YORK, Nov. 23, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that its new subsidiary,  FTFT UK Limited ("FTFT UK"), held an inauguration ceremony on November 19, 2021 for the opening of its new office in London, during which FTFT UK announced that it has entered the beta testing phase for its mobile financial app which will enable customers to engage in a comprehensive suite of e-wallet activities. Representatives from the local business and financial sectors, including executives of MasterCard, JP Morgan Chase, China Mobile and Bank of China attended the event.

Future Fintech Announces Plans to Launch Financial App in the UK

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NEW YORK, Sept. 7, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on September 1, 2021, the Company signed a definitive agreement (the "Agreement ") to acquire 100% of the equity of Khyber Money Exchange Ltd.

Future FinTech Signs Definitive Agreement to Purchase UK Money Payment Service Company

Future FinTech Group Inc (NASDAQ:FTFT) inked a term sheet to acquire 51% of the equity of Shanghai Dianfa Internet Technology Co., Ltd for $2.8 million. Future FinTech will pay $0.93 in cash and the remaining $1.8 million in shares.

Future FinTech Stock Surges On Forging Into Supply Chain Software Business

The stock price of Future Fintech Group Inc (NASDAQ: FTFT) increased by over 10% pre-market. This is why it happened.

FTFT Stock: Over 10% Increase Pre-Market Explanation

NEW YORK, Sept. 3, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on August 30, 2021, the Company signed an equity acquisition term sheet (the "Term Sheet") to acquire 51% of the equity of Shanghai Dianfa Internet Technology Co., Ltd.

Future FinTech Signs Term Sheet to Acquire Supply Chain Software Business

NEW YORK, Aug. 30, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that the Company held an operations update video conference call on August 20, 2021. It was attended by CEO Shanchun Huang, COO Yang Liu, CIO Xiaochen Zhao, Head of FTFT's Future Commercial Group Ltd.

Future Fintech Holds Operations Update Meeting

NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that it has incorporated a new subsidiary,  FTFT UK Limited ("FTFT UK"), as an operating base from which to develop fintech business in Europe. FTFT UK plans to provide high-quality digital inclusive financial services to individual customers and businesses through financial technology by building a new digital banking ecosystem based on blockchain technology to create a highly competitive financial services platform relative to traditional banks.

Future Fintech Establishes UK Subsidiary to Develop Digital Financial Services Business in Europe

NEW YORK, Aug. 10, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on August 6, 2021, the Company closed its acquisition of 90% of the issued and outstanding shares of Nice Talent Asset Management Limited ("NTAM"), a Hong Kong-based asset management company, from Joy Rich Enterprises Limited ("Joy Rich"). As previously announced in the Company's press releases on July 16, 2020 and April 12, 2021, the Company entered into a Share Exchange Agreement (the "Agreement"), amended on April 9, 2021 (the "Amendment"), with Joy Rich to acquire 90% of the issued and outstanding shares of NTAM.

Future Fintech Announces Closing of Nice Talent Asset Management Acquisition and Pending Acquisitions Update

FTFT Stock Price Increases Over 10% Pre-Market: Why It Happened

NEW YORK, June 28, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on June 24, 2021, it has registered a new subsidiary, FTFT Capital Investments LLC ("FTFT Capital"), to do business in Dubai, United Arab Emirates. FTFT Capital intends to operate digital currency trading service and crypto asset management businesses in Dubai.

Future Fintech Establishes Subsidiary in Dubai for Digital Currency and Crypto Asset Service and Management Business

NEW YORK, June 23, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that effective June 17, 2021, Finn E. Kydland will join the Company as Honorary Chief Economist.

Future Fintech Engages Nobel Prize Winner Finn E. Kydland as Honorary Chief Economist to the Company

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NEW YORK, May 3, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on April 28, 2021, Mr. Lei Peng, General Manager of Future Supply Chain Co., Ltd.

Future Fintech Attends Blockchain and Digital Industry Development Conference

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Future FinTech Group Inc (NASDAQ: FTFT) inked a preliminary term sheet to acquire money transfer company Khyber Money Exchange Ltd for $0.82 million (€0.69 million). Future FinTech held $0.96 million in cash and equivalents as of Sep. 30, 2020.

Future Fintech To Acquire Money Transfer Company Khyber Money Exchange For $820K

NEW YORK, April 21, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on April 13, 2021, the Company signed a preliminary term sheet (the "Term Sheet") to acquire 100% of the equity of Khyber Money Exchange Ltd. ("Khyber Exchange") from its shareholder (the "Seller").

Future FinTech Signs Term Sheet to Purchase a Money Payment Service Company

NEW YORK, April 19, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as Future FinTech", "FTFT" or "the Company"), a leading blockchain e-commerce company and a service provider for financial technology, today announced that on April 16, 2021, the Company closed its acquisition of a 60% equity interest in Sichuan Ticode Supply Chain Management Co., Ltd. ("Ticode") from Sichuan Longma Electronic Technology Co., Ltd.

Future FinTech Announces the Closing of the Acquisition of Sichuan Ticode Supply Chain Management Co., Ltd.

The equity stake won't cost Future FinTech much. But it's providing a lot of cash to fund growth.

Future FinTech Stock Falls Despite Cryptocurrency Miner Acquisition

News for Future FinTech Group Stock (FTFT)