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Stock impact report

Future FinTech Announces the Formation of a Wholly Owned Subsidiary in Beijing to Develop Its Blockchain Incubation Business

Future FinTech Group Inc. (FTFT) 
US:NASDAQ Investor Relations: ir.stockpr.com/ftft
Company Research Source: PR Newswire
XI'AN, China, July 26, 2018 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT), a financial technology company, today announced the formation of a wholly-owned subsidiary - Chain Future Digital FinTech (Beijing) Ltd. - which will serve as the main vehicle for FTFT's blockchain incubator/ accelerator "Chain World Cyberspace", providing business incubation and acceleration services for blockchain companies. Chain Future Digital FinTech (Beijing) Ltd. was formed on July 10, 2018."We are delighted to make this strategic move and choose Beijing as the location of our Chain World Cyberspace. As the political, economic and cultural center of China, Beijing has one of the best startup ecosystems in Asia which has been attracting many blockchain companies. In the first month of our operation, we already have four projects joined in the first phase of the 'Chain World Cyberspace' incubator/accelerator in Beijing" said Mr. Yongke Xue, Chief Executive Officer and Chairman of Future FinTech. Show less Read more
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