XI'AN, China, Jan. 22, 2019 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT), a financial technology company and an
integrated producer of fruit juice related products, today
announced the formal launch of GlobalKey SharedMall, also known as
Chain Cloud Mall (CCM) version 1.0. Since the trial operation from
December 26, 2018 to present, CCM has
attracted over 1,000 users and revenue has reached over
RMB 990,000 (approximately
$144,525). The operation of CCM is
currently in good condition and APP download service is available
for users.
Based on blockchain technology, CCM is established to be an
e-commerce and shared platform of shopping, shared economy, reward
points and community economy, which integrates manufacturing
enterprises, traditional e-commerce, Wechat business, We-media and
physical stores.
For consumers, commodities are directly supplied by
manufacturers without mark-ups from distributors which also have to
pass a strict quality check and qualification verification by the
mall. Furthermore, with the anti-fake technology of QR, counterfeit
products will not be presented on the mall.
For merchants, the platform will not withhold their revenue for
its own cash flow purpose. The merchants can withdraw their sales
revenues from the mall without delay which will help merchants'
cash flow for their own businesses.
For manufacturers, promoters and agents, there is no agent
commission or other threshold to provide products or services on
the mall. They can make profits based on their products, services
and other competitive advantages.
"The successful launch of CCM v1.0 demonstrates its capability
of providing speedy, convenient and secure services for users. With
all functions being further improved, GlobalKey SharedMall is
making every effort to benefit its users and maximize the return on
investment of users who trust GlobalKey SharedMall." says Mr.
Yongke Xue, Chief Executive Officer
and Chairman of FTFT.
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/.
Safe Harbor Statement
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"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended, or the
Exchange Act. Forward-looking statements include statements with
respect to our beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond our control, and which may cause
the actual results, performance, capital, ownership or achievements
of the Company to be materially different from future results,
performance or achievements expressed or implied by such
forward-looking statements. All statements other than statements of
historical fact are statements that could be forward-looking
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through our use of words such as "may," "will," "anticipate,"
"assume," "should," "indicate," "would," "believe," "contemplate,"
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attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties described in our annual report on Form 10-K for
the year ended December 31, 2017 and
our other reports and filings with SEC. Such reports are available
upon request from the Company, or from the Securities and Exchange
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http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
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SOURCE Future FinTech Group Inc.