SHENZHEN, China, Aug. 20, 2020 /PRNewswire/ -- TD Holdings, Inc.
(Nasdaq: GLG) (the "Company"), a commodities trading service
provider in China today announced
to enter into a strategic framework agreement with Tongdow
E-commerce Group ("Tongdow E-commerce") through Shanghai Jianchi
Supply Chain Co.,Ltd. ("Shanghai Jianchi"), the Company's wholly
owned subsidiary. Tongdow E-Commerce recently has engaged the
wholly owned subsidiary of JD Digits Technology Group ("JD Digits")
and launched an online commodity trading enterprise payment system
on Tongdow E-Commerce's online trading platform.
JD Digits was first established as part of JD.com, Inc. (Nasdaq:
JD), and later became an independent technology company dedicated
to the digitalization of AI-driven industries. It uses digital
technology to serve the financial and real sectors and help related
industries in achieving Internetization, digitization, and
intelligentization. JD Finance is one of the core business modules
of JD Digit's corporate services. It aims to provide unified
external services through account management, transaction
settlement, payment and unites supply chain financing, financial
technology, and other business segments to meet the diverse
transaction scenarios and needs of corporate users in various
industries, providing enterprises with a one-stop business service
The Company, through its wholly owned subsidiary Shanghai
Jianchi., has entered into a strategic cooperation framework
agreement with Tongdow E-commerce and Beijing Tongbang Zhuoyi
Technology, which is a wholly owned subsidiary of JD Digits,
jointly providing customers with comprehensive services such as
payment and supply chain management.
The launch of the commodity online payment platform represents
the beginning of the cooperation with TD Holdings and JD Digits. In
the future, the Company plans to develop deeper cooperation with JD
Digits with respect to payment, supply chain financing,
IoT-enhanced warehouses, etc., to provide commodity trading
companies with integrated solutions for online payments and FinTech
About TD Holdings, Inc.
TD Holdings, Inc. (Nasdaq: GLG) is a commodities trading
service provider conducted under the brand name "Huamucheng" by the
Company's wholly owned subsidiary, Shenzhen Huamucheng Trading Co.,
Ltd headquartered in Shenzhen. 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. The following
factors, among others, could cause actual results to differ
materially from those described in these forward-looking
statements: there is uncertainty about the spread of the COVID-19
virus and the impact it will have on the Company's operations, the
demand for the Company's products and services, global supply
chains and economic activity in general. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. 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.