SHENZHEN, China, Aug. 19, 2020 /PRNewswire/ -- TD Holdings, Inc.
(Nasdaq: GLG) (the "Company"), a commodities trading service
provider in China announced to
establish a wholly-owned subsidiary Tongdow (Hainan) Data Technology Co., Ltd. in
Hainan Province, China, officially launching the development
and operation of a digital cloud storage for commodities trading
TD Holdings, Inc. officially made commodity trading and supply
chain services its main business in November
2019. The latest quarterly report shows that the company's
main source of income comes from commodity trading and distribution
The launching of the digital cloud storage business will
effectively solve the problems of shortage of funds and risk
management of financial institutions, as well as enhance the
security of physical transactions and delivery of commodities.
Ouyang, CEO, President and Chairwoman of the Board,
said with confidence "We, TD Holdings, Inc. will comprehensively
build a package of commodity supply chain service system based on
the organic integration of trade, logistics, finance, and
information. Relying on digital cloud storage and technologies
based on the Internet of Things and blockchain, TD Holdings, Inc.
will vigorously open a blue ocean market for global commodity
trading, settlement, fee settlement and supply chain finance. The
Industrial Internet will be the future biggest outlet in 10 years.
The digitalization of industries and the standardization of
commodities are the key to promote the industrial Internet."
About TD Holdings, Inc.
TD Holdings, Inc. (Nasdaq: GLG) is a
commodities trading service provider in China. The commodities trading business
is conducted under the brand name "Huamucheng" by the Company's VIE
entity, Shenzhen Huamucheng Trading Co., Ltd. For more information
please visit http://ir.tdglg.com.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of TD Holdings, Inc. and its
subsidiary companies. 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 these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors 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 at 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
SOURCE TD Holdings, Inc.