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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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

NEW YORK, April 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 further to its February 26, 2021 press release, it has entered into an amendment (the "Amendment") to its Share Exchange Agreement (the "Agreement") with Joy Rich Enterprises Limited ("Joy Rich") to acquire 90% of the issued and outstanding shares of Nice Talent Asset Management Limited ("NTAM"), a Hong Kong-based asset management company, from Joy Rich. NTAM is licensed under the Securities and Futures Commission of Hong Kong ("SFC") to carry out regulated activities in 'Type 4: Advising on Securities and 'Type 9: Asset Management'.

Future Fintech Entered Into Amendment Agreement to Acquire Nice Talent Asset Management

Investors are buying into a story more than celebrating the performance of the business.

Here's Why Future FinTech Group Stock Was Up Almost 16% Last Month

NEW YORK, April 6, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of 5,737,706 shares of its common stock at a purchase price of $6.10 per share on April 6, 2021. The gross proceeds of this offering are approximately $35 million.

Future FinTech Group Inc. Announces the Closing of $35 Million Registered Direct Offering

Blockchain-based e-commerce company and financial technology service provider Future FinTech Group Inc (NASDAQ: FTFT) inked an agreement to raise $35 million from a private institutional offering of 5.7 million shares priced at $6.1 per share. The offer price signifies a 1.6% discount to the Wednesday closing price of $6.2.

Future Fintech Stock Trades Lower On Raising $35M From Private Institutional Offering

Future FinTech (FTFT) stock is up Thursday after announcing a deal with Bitcoin (BTC) mining company Nanjing Ribensi Electronic Technology. The post FTFT Stock: The Bitcoin Mining Deal That Has Future FinTech Up Today appeared first on InvestorPlace.

FTFT Stock: The Bitcoin Mining Deal That Has Future FinTech Up Today

NEW YORK, Apr. 1, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 5,737,706 shares of its common stock at a price of $6.10 per share for gross proceeds of approximately $35 million in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about April 6, 2021, subject to the satisfaction of customary closing conditions.

Future Fintech Group Inc. Announces $35 Million Registered Direct Offering Priced At-the-market Under Nasdaq Rules

The stock price of Future Fintech Group (NASDAQ: FTFT) increased by over 20% pre-market. This is why it happened.

Future Fintech Group Stock Price Increased Over 20% Pre-Market: Why It Happened

Blockchain-based e-commerce business and a fintech service provider, Future FinTech Group Inc (NASDAQ: FTFT), inked an agreement to acquire Nanjing Ribensi Electronic Technology Co, Ltd for $9.1 million (RMB 60 million). Nanjing Ribensi currently operates a bitcoin mining farm with an operating capacity of 30,000 bitcoin mining machines.

Future Fintech Stock Is Trading Higher On Acquiring Hydroelectricity Powered Bitcoin Mining Farm For $9.1M

NEW YORK, April 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 the Company and the shareholders (the "Sellers") of Nanjing Ribensi Electronic Technology Co., Ltd. ("Nanjing Ribensi") have signed an acquisition framework agreement (the "Framework Agreement") to acquire Nanjing Ribensi which currently operates a bitcoin mining farm with a capacity to operate 30,000 bitcoin mining machines.

Future Fintech Announces Framework Agreement to Acquire Bitcoin Mining Farm

NEW YORK, March 29, 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 March 26, 2021, the Company signed a framework agreement (the "Frame Agreement") with Nanjing Shunru Electronic Technology Co., Ltd. ("Nanjing Shunru") to purchase approximately 20,000 Antminer bitcoin mining machines, which will provide a combined 200 Petahash per second (PH/s) hash rate, which accounts for about 0.12% of Bitcoin's total hash rate capacity.

Future Fintech Announces Framework Agreement to Purchase Antminer Bitcoin Mining Machines

NEW YORK, March 23, 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 March 22, 2021, a wholly-owned subsidiary of the Company, Future Commercial Group Co., Ltd., signed an equity acquisition frame agreement ("Frame Agreement") with Guang Zhou Hi-Card Computer Network Service Co., Ltd.

Future FinTech Signs Equity Acquisition Frame Agreement for Guang Dong Hi-Card Business Service Co., Ltd.

The company is launching a new joint venture in Dubai.

Why Future FinTech Stock Flew Today

NEW YORK, March 18, 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 March 17, 2021 the Company signed a Strategic Cooperation Agreement (the "Agreement") with major shareholders of Shenzhen SOSOB Technology Co., Ltd. ("Shenzhen SOSOB") to form a joint venture titled FTFT Capital (Dubai) Limited ("FTFT Capital Dubai"), an entity formed to provide services and solutions in the global digital currency business.

Future FinTech Enters into Cooperation Relationship with Shenzhen SOSOB Technology to Provide Market Information and Services in the Digital Currency Markets

NEW YORK, March 4, 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 February 26, 2021, the...

Future FinTech Granted Blockchain Technology-Related Software Copyrights from the China National Copyright Administration

The company is acquiring a large stake in a supply chain business in a deal valued at just nine times trailing earnings.

Here's Why Future FinTech Group Stock Jumped Today

NEW YORK, March 1, 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 February 26, 2021, the...

Future FinTech Enters into a Definitive Share Exchange Agreement to Acquire Sichuan Ticode Supply Chain Management Co., Ltd.

NEW YORK, Feb. 26, 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 updates as to three potential...

Future FinTech Announces Updates of Potential Acquisitions

NEW YORK, Feb. 12, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "Company"), a leading blockchain based e-commerce business and a fintech service provider, announced today that, its wholly-owned subsidiary Chain Cloud Mall Network and...

Future FinTech and China Foundation of Consumer Protection Enter Into Cooperation Agreement to Use Blockchain Technology Against Counterfeit Products

NEW YORK, Feb. 11, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of...

Future FinTech Group Inc. Announces the Closing of $11.9 Million Registered Direct Offering

NEW YORK, Feb. 9, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it has entered into a definitive agreement with...

Future Fintech Group Inc. Announces $11.9 Million Registered Direct Offering Priced At-the-market Under Nasdaq Rules

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The company is quickly diluting shareholder value, and more dilution could be on the way.

Here's Why Future FinTech Group Stock Came Crashing Down Today

NEW YORK, Jan. 14, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of...

Future FinTech Group Inc. Announces the Closing of $15 Million Registered Direct Offering

And here's why you should definitely think twice before buying.

News for Future FinTech Group Stock (FTFT)