Future FinTech Group Inc.

07/07/2021

/PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based...

24/06/2021

FTFT announced on June 17, 2021 that Nobel Prize Winner Finn E. Kydland will join the Company as Honorary Chief Economist.

Dr. Kydland said, “I am pleased to have the opportunity to work with Future FinTech. The Company is at the forefront in the blockchain and financial technology space. I look forward to working with their team to build a sustainable fintech enterprise that can optimize its market positioning in ever-changing business cycles and capital markets environments.”

Shanchun Huang, Chief Executive Officer of Future Fintech said, “We are delighted to have Dr. Kydland join the Future FinTech team. Dr. Kydland is highly knowledgeable about monetary banking and business cycles and their impact on companies, and we are highly confident that he will provide excellent insight into our business decisions and corporate strategy. Further, we would value Dr. Kydland’s recommendations and introductions of high-talent personnel to the company as well as guidance as to training and scientific research.”

23/06/2021

A few days ago, financial personnel of FTFT in China gathered in Xi'an to carry out an one-week training on Flex System. This training activity shows that FTFT officially introduces Flex System, getting its financial system more globally connected. Meanwhile, the new system can help the company’s supply chain finance business take off and further develop at high speed.

10/06/2021

Last week, Dou Jun, Executive Secretary General of CCIAPCB and counselor Teng Ru (co-founder of Jingsh Law Firm) visited Future Fintech Group Inc.(FTFT). Han Jie, general manager of FTFT, Zhan Mingze chief investment officer and Sheng Xiyin vice president, met with them. The two sides discussed how to facilitate the development of block chain industry through financing, merger and acquisition, overseas listing and other financial services. Furthermore, they also reached a consensus on our relevant cooperation modes.

25/05/2021

Last weekend, FTFT held a salon "How to Obtain Investment". At the salon, Ms. Cheng Qin, founder of Zhiyun Industrial Research Institute, and Jennifer, the head of investment banking division of FTFT both made wonderful speeches. The salon was spoken highly of by the participants, thinking it inspiring and fruitful.

18/05/2021

The technical team of FTFT visited the Computer Network Information Center of Chinese Academy of Sciences. The two sides had in-depth exchange of views on fintech, which involves big data, supercomputing and AI. Furthermore, we discussed if it is possile to establish a joint laboratory.

13/05/2021

A few days ago, the investment banking group of Future FinTech visited company Manzi Fund in Shanghai Longbai villa. The two sides had an in-depth communication on the domestic S**C market and reached a preliminary cooperation intention. (Manzi fund is a well-known investment institution founded by a famous investor Xue Manzi.)

08/05/2021

Future Fintech Attends Blockchain and Digital Industry Development Conference https://www.prnewswire.com/news-releases/future-fintech-attends-blockchain-and-digital-industry-development-conference-301281801.html

28/04/2021

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

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"). The Term Sheet represents terms for a proposed transaction subject to definitive documentation and is non-binding except for its 'Exclusive Period' and 'Confidentiality'; and 'Governing Law' sections.

Khyber Exchange is a money transfer company with a platform for transferring money worldwide through one of its agent locations or via its online portal, mobile platform or over the phone. Khyber Exchange is headquartered in the UK and has offices in Germany and Italy.

According to the Term Sheet, the Company will acquire 100% of the equity of Khyber Exchange at a purchase price of €685,000 (approximately US$ 820,170). The acquisition will be subject to due diligence by the Company and the Term Sheet stipulates that the Company has a 30-day period in which it has an exclusive right to negotiate for and purchase the equity of Khyber Exchange.

Shanchun Huang, Chief Executive of Future FinTech, commented, "We are pleased about this potential acquisition as it further extends our footprint into the fintech sector. We believe that this is a high margin business that will enable us to capitalize upon an increasing level of international money flows and that it could ultimately be synergistic with the Chinese payment settlement services company, Hi-Card Business Service Co., Ltd., in which we are planning to acquire a 60% interest pending due diligence and final negotiation between the parties as disclosed in our press release on March 23, 2021. Our objective is to become diversified fintech enterprise that leverages current opportunities and integrate them into a comprehensive business platform, and to create a company that can meet current financial needs as well as anticipate and develop fintech solutions for the future."

Rahim Sham, Chief Executive Officer of Khyber Exchange stated: "As a worldwide money transfer company, Khyber Exchange can transfer money over 130 countries through its agents or its online portal, mobile platform or over the phone. Money transfers can be picked up in its offices or via the beneficiary's bank account which is credited with the transmitted funds within 24 to 48 hours. Khyber Exchange guarantees its customers that its transactions are executed at the best possible exchange rate, are safe and reliable and are instantly processed. The potential acquisition by FTFT will help Khyber Exchange expand its business and operation in Asia, especially in the fast-growing Chinese market."

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/PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based...

20/04/2021

During the acquisition of European banks, Mr. Barna, the acquisition consultant of FTFT who is from Hungary, found it promising that blockchain anti-counterfeiting technology can be applied to finance and commerce in Europe. Therefore, Mr.Barma initiated a video conference with Mr. Yan Zhi, CTO of FTFT last Monday.

20/04/2021

Fintech

/PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as Future FinTech", "FTFT" or "the Company"), a leading blockchain...