NEW YORK, Aug. 15, 2017 /PRNewswire/ -- Seven Stars Cloud
Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company") today provided
an updated chart and overview on its business ecosystem.
CEO Bing Yang stated, "With the
speed and breadth in which SSC's business expansion, transformation
and partnerships have been developing for 2017 and beyond, I wanted
to take this opportunity to revisit, reset and reemphasize the B2B
Intelligent Industrial Internet ("3I") platform we are creating and
provide both a visual chart and summary for reference and further
clarity."
There are 2 key cloud-based engines that will power SSC's 3I
business solution and platform for business and trade
enterprises. Both of these engines will function to provide
industrial clients with a closed exchange ecosystem for buyers and
sellers designed to eliminate supply chain and transactional
middlemen and create a more direct and margin-expanding trading
path for all principals involved in a transaction:
- VPaaS: Supply Chain Management
- Digital Finance Services and Solutions: Supply Chain
Finance and Asset Backed Securitization Services)
For its dual engine offering, SSC is currently partnering with
some vertical industries that are key to any advanced economy's
GDP: energy (Ocasia Partnership), cross-border trade, consumer
electronics (Wide Angle Group and China Electronic Chamber of Commerce Partnership), big
commodities (Beijing Urban Construction Holding Materials Industry
Co. Partnership). The global B2B market size of these
industries that SSC is partnering with exceeded $415 trillion in 2016.
VPaaS: Using AI and Blockchain technology, VPaaS will
offer a single platform for the use by for a host of trade-related functions including but not
limited to: Supply Chain Management, CRM, VR/MR (virtual and mixed
reality) Exhibition & Demonstration Systems and
Industry-Specific Data
Analysis.
Digital Finance Services & Solutions: SSC will
provide the same key industries and commercial enterprises with two
finance-related platforms:
- Global Supply Chain Finance which includes SSC's Global
Cornerstone Fund (underwritten by several partnership funds
previously announced and more to be announced);
- Digital Asset Tokenization & Exchange Platform (via SSC's
partnership with NexGen and the Delaware Board of Trade), focused on
Asset-backed Securities (ABS) & Exchanges (indexes, ICOs or
tokenizations, ETFs and derivatives)
About Seven Stars Cloud, Inc.
(http://corporate.sevenstarscloud.com/)
Seven Stars Cloud Group, Inc. (NASDAQ: SSC) is aiming to be a
leading Intelligent Industrial internet ("3I") solution provider
for commercial enterprises.
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
CONTACT:
Jason Finkelstein
VP, Strategy & Investor
Relations
Seven Stars Cloud Group,
Inc.
212-206-1216
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SOURCE Seven Stars Cloud Group, Inc.