Future FinTech Group Inc. (NASDAQ: FTFT), a financial technology company and integrated producer of fruit-related products, today announced the operation updates of Chain Cloud Mall, an e-commerce and shared platform of shopping and shared economy.
Since the official launch on January 22, 2019, Chain Cloud Mall has attracted 3294 users globally and generated RMB 40 million of gross merchandise value (GMV, including amount of the orders, amounts deposited by members and transferred among the members) with 1,512 orders in total.
“We are glad to see CCM has received a lot of positive feedback from our customers in the past three months. Following the successful launch of CCM, we will continue to expand our user base while accurately targeting user attributes and improving user retention rate. We will focus on the numbers of renewals by our members and the consumption of products on the platform as the key index and consider the development of seed users as the core of our business” says Yongke Xue, Chief Executive Officer and Chairman of Future FinTech.
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/.
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Dragon Gate Investment Partners LLC
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