Business
Future FinTech Announces the Establishment of a New Subsidiary to Expand its Logistics Network of Chain Cloud Mall Business
XI'AN, China, April. 11, 2019 /PRNewswire/ -- Future FinTech Group Inc. (FTFT)("Future FinTech", "FTFT" or "the Company"), a financial technology company and
About this update from Future Fintech Group Inc.
[{"type":"text","content":"XI'AN, China, April. 11, 2019 /PRNewswire/ -- Future FinTech Group Inc. (FTFT)(\"Future FinTech\", \"FTFT\" or \"the Company\"), a financial technology company and integrated producer of fruit-related products, announced the establishment of a new subsidiary -- Chain Cloud Mall Logistics Center (Shaanxi) Co., Ltd. (\"CCM Logistics Center\").\nChain Cloud Mall Logistics Center (Shaanxi) Co., Ltd. (\"CCM Logistics Center\") is a wholly owned subsidiary of Chain Cloud Mall Network Technology (Tianjin) Co., Ltd. CCM Logistics Center is located in the national kiwifruit Industrial Park of Baoji City, which is the only national-level kiwifruit wholesale marketplace in China. CCM Logistics Center occupies a total lot size of 18.78 acres and has a floorage of 215,278 square feet.\nThrough its nationwide intellectualized warehouse distribution logistics network, CCM Logistics Center provides merchants with integrated supply chain solutions, including transportation, after-sale service and customer service. CCM Logistics Center also provides warehousing and distribution solutions, such as small-to-medium sized warehousing, oversized warehousing, cold chain delivery, frozen and chilled warehousing facilities. CCM Logistics Center aims to reduce the cost of logistics and build a platform with great customer experience. It develops an efficient retail supply chain, and adopts and uses new technologies and services that enhance the experience for consumers, brand and merchant partners.\n\"Since the official launch on January 22, 2019, to present, Chain Cloud Mall (CCM) has attracted over 3000 users globally and generated RMB 40 million of gross merchandise value (GMV, including the amount of the orders, amounts deposited by members and transferred among the members) in total. It has received extensive user support and won a good reputation in the industry,\" said Mr. Yongke Xue, Chief Executive Officer and Chairman of Future FinTech, \"By applying the shared economy theory to Chain Cloud Mall (CCM), we bring the traditional e-commerce platform to a different level. We will continue to optimize the functions, so that users can get maximum return on their investment.\"\nAbout Future FinTech Group Inc.\nFuture FinTech Group Inc. (\"Future FinTech\", \"FTFT\" or the \"Company\") is incorporated in Florida and engages in fruit juice and financial ...