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.
"The basic services package of 'Chain World Cyberspace' will include shared working space in central business districts, public relations and media consulting services, and access to a global network of blockchain incubators/accelerators to be established by Chain Future Digital FinTech (Beijing) Ltd. In addition, we are planning a series of value-added services including Blockchain Infrastructure Support, Blockchain Technology Training, financial advisory services, and assistance on Digital Asset Marketing," said Mr. Yongke Xue, Chief Executive Officer and Chairman of Future FinTech, "we are expecting the formation of Chain Future Digital FinTech (Beijing) can accelerate the incubating pace for the blockchain companies in our ecosystem, and also bring additional revenues for the Company."
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is incorporated in Florida and engages in fruit juice and financial technology businesses. The Company engages in the research and development of digital asset systems based on blockchain technology and also operates an incubator for application projects using blockchain technology. The Company and its subsidiaries are developing blockchain technology and cryptocurrencies for a variety of B2B and B2C real-life applications including a variety of financial businesses and the distribution, marketing and sale of consumer products. FTFT is also developing an operational online shopping mall platform utilizing blockchain technology and the shared economy. For more information, please visit http://www.ftft.top/.
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Dragon Gate Investment Partners LLC
SOURCE Future FinTech Group Inc.