Future FinTech Group Inc. (FTFT)

Overview

Future FinTech Group Inc., initially known as SkyPeople Fruit Juice, Inc., rebranded in June 2017 to better reflect its pivot towards fintech and blockchain technologies. Headquartered in New York, New York, the company has expanded its horizons beyond its former core of fruit juice production, embracing a diverse array of digital and financial services. Through its subsidiaries, Future FinTech operates primarily within the People's Republic of China, leveraging blockchain and internet technologies to revolutionize traditional business models. The company's operations span across online shopping platforms, supply chain financing, and fintech services, showcasing its transformation into a multifaceted enterprise. By integrating cutting-edge technologies into its various segments, Future FinTech aims to occupy a unique niche in the rapidly evolving global digital economy.

Products and Services

Future FinTech Group Inc. offers a wide range of products and services, divided across several innovative segments:

• Shared Shopping Mall Membership Fee: This segment harnesses the company's online shopping platforms to offer membership-based services. It employs a shared economy model to provide members with exclusive benefits, reinforcing customer loyalty and fostering community.
• Fruit Related Products: Paying homage to its origins as SkyPeople Fruit Juice, Inc., Future FinTech continues to market fruit-related products. This acknowledges the company's heritage, maintaining a foothold in the food and beverage industry while transitioning towards technology-driven services.
• Sales of Goods: The company's e-commerce platforms, such as Chain Cloud Mall (CCM) and NONOGIRL, facilitate the sale of a broad spectrum of goods. CCM is notable for being a real-name blockchain-based e-commerce platform, which integrates blockchain with internet technology for enhanced security and transparency. NONOGIRL caters to cross-border e-commerce, enabling the global trade of products.
• Others: Future FinTech's diversification extends into supply chain financing and trading, with a specific focus on coal and aluminum ingots. Furthermore, the company is making strides in financial technology services, providing a foundation for its involvement in cryptocurrency market data and information service businesses. Crucially, it offers services related to the application and development of blockchain-based technology in fintech, underscoring its commitment to innovation in the financial sector.