HomeEquities ScoreFuture FinTech Group Inc. (FTFT) stock rises during current market given no...

Future FinTech Group Inc. (FTFT) stock rises during current market given no recent update

Future FinTech Group Inc. (NASDAQ: FTFT) stock gains by 7.17% in the current trading. Future FinTech Group, based in Florida, is a leading blockchain e-commerce firm and financial technology service, provider. Chain Cloud Mall, a blockchain-based online shopping mall portal, NONOGIRL, a cross-border e-commerce platform, an incubator for Blockchain-based technology ventures, and financial services for the supply chain industry are among FTFT’s activities.

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Recent Past Development

Mr. Lei Peng, General Manager of Future Supply Chain which is a wholly-owned subsidiary of Future FinTech, participated the ‘2021 Chengdu Blockchain + Digital Cultural Creative Industry Development Conference’ in the Pidu District of Chengdu, China, on April 28, 2021, according to FTFT.

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Mr. Peng made a promise on behalf of FTFT to the Chengdu municipal government to create two wholly-owned subsidiaries in Chengdu: Future Big Data (Chengdu), which will concentrate on blockchain big data and the construction of a high-speed processing hub, and Future Supply Chain (Chengdu), which will advance supply chain financial technology sector.

Blockchain and Digital Cultural Innovation, Intellectual Property Rights Protection, and Blockchain Transactions and Circulation were among the topics discussed at the meeting. In addition, the Chengdu Urban Blockchain Industry Alliance was established by ten blockchain companies, including FTFT, to support the following:

Shanchun Huang, CEO of Future Fintech, stated:

FTFT agrees with the conference’s opinion and believes that blockchain technology can continue to evolve and be used in a variety of industries, including banking, culture, entertainment, media, and intellectual property. This gives FTFT a fantastic chance to assist China in transforming and upgrading its industries. As a result, they will continue to invest in blockchain technologies and big data with the twin goals of having a significant impact on society and maximizing shareholder returns.

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