US Market News
3月前
Future FinTech Enters into Strategic Cooperation Agreement with Maxing Technology Limited to Build a Global Payment EcosystemMarch 16, 2026 8:30 AM
PR Newswire (US)
NEW YORK, March 16, 2026 /PRNewswire/ -- Future FinTech Inc. (Nasdaq: FTFT), ("Future FinTech" or the Company"), a leading comprehensive financial and digital technology service provider, announced that on March 12, 2026, its wholly-owned subsidiary, Future FinTech (Hong Kong) Limited ("FTFT HK"), signed a Strategic Cooperation Agreement (the "Agreement") with Maxing Technology Limited ("Maxing"). Maxing is an innovative Hong Kong technology company focused on developing a new payment technology and reward system that channels its benefits to ecosystem participants. The Agreement outlines the roles and responsibilities of the two parties to jointly develop a Payment for Ecosystem Services (PES) framework, with the goal to build a compliance-based payment infrastructure designed to advance the global payment industry.
Maxing has constructed a three-tier architecture system consisting of entry, scenario and reward. It connects diverse transaction scenarios by providing basic services such as digital wallets and QR code payments, and has established a scientific quantitative distribution system comprising two indices:The Global Contribution Index (GCI) will be used to accumulate long-term contribution levels by merchants and serve as the threshold and eligibility logic for accessing corresponding rights and benefits.The Global Contribution Weight Index (GCWI) will be used to define the weight of current-period contributions and uphold the fair logic of reward distribution).For the initial stage of the development process, points and consumer coupons will serve as the core reward carriers, and additional equity types will be constructed for compliance in the future. This system is intended to realize the connection between user contributions and value rewards, and is designed to improve merchant coverage, transaction density and user stickiness.Based on the Agreement, FTFT will collaborate with Maxing by virtue of its financial technology capabilities. The collaboration between the two parties focuses on following three objectives:To develop (i) a 'Maxing Wallet' as a unified account, (ii) a frictionless global infrastructure for QR code payment acquisition and clearing & settlement, (iii) implement a Contribution-Reward mechanism, and (iv) the first contribution-driven default payment layer in emerging markets.To (i) upgrade the core capabilities of digital payment and cross-border clearing & settlement to further reduce global transaction frictions, and (ii) strengthen the layout of digital wallets and QR code payment acquisition to improve market penetration.To (i) develop and consolidate a global compliance and risk control system to provide a solid guarantee for the expansion of multi-scenario businesses, and (ii) open ecological interfaces to attract third-party engagement, enrich the transaction scenario matrix and continuously advance the core values of the ecosystem.Future FinTech and Maxing plan to work together in three major areas: Merchant and Technical services (including merchant development and management, technical connection, system support, etc.), Payment Commission / Clearing & Settlement Services (including coordination of payment channels, clearing & settlement, account reconciliation, capital flow, etc.), and Full-link Operation Services (including user activity and channel operation, brand content communication, as well as customer complaint and merchant operation support, etc.). The two parties intend to leverage complementary resources and work efficiently toward significantly enhancing the structure and functioning of the global payment industry.Mr. Zehua Wang, CEO of Maxing, stated, "This collaboration with Future FinTech is integral to the development of an advanced global payment infrastructure. Our partnership combines robust compliance as the cornerstone of this endeavor, clearing and settlement capabilities as the framework, and the harnessing of innovation to build a payment system positioned for long-term success. Together, we plan to develop a unique execution strategy that can potentially transform the global payment industry."Mr. Hu Li, CEO of FTFT commented, "The current global payment industry is experiencing a period of structural restructuring. New forms of payments such as stablecoins and QR code payments are developing rapidly, and the scale of the cross-border payment market is continuously expanding. However, the industry still faces pain points such as high transaction friction with competition intensifying around infrastructure construction and network effect cultivation."The joint development of a payment ecosystem with Maxing is an important strategic step for FTFT to evolve its financial technology business into a global payment infrastructure. The two parties believe that compliance as the fundamental principle of this initiative, clearing and settlement capabilities as the basis, and the proposition that 'Every Contribution Deserves a Reward' as the core growth engine to jointly build a payment entry with long-term network effects. We believe that this will drive sustainable growth for the Company on a global basis and help gear the global payment industry towards a more efficient and value-added direction," Mr. Li concluded.About Future Fintech Group Inc.Future FinTech Group Inc. (NASDAQ: FTFT) is a comprehensive financial and digital technology service provider. The Company, through its subsidiaries, conducts brokerage and investment banking services in Hong Kong, and engages in supply chain trading and finance businesses in China and efficient digital financial services. For more information, please visit www.ftft.com.Safe Harbor StatementCertain statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements regarding our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties, and other factors that may be beyond our control, which may cause the actual results, performance, capital, ownership, or achievements of the Company to be materially different from those implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements by our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions relating to the future.All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, the risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2024 and our other reports and filings with the SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at 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 are otherwise made.
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Original: Future FinTech Enters into Strategic Cooperation Agreement with Maxing Technology Limited to Build a Global Payment Ecosystem
glenn1919
11月前
FTFT,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,https://stockcharts.com/h-sc/ui?s=FTFT&p=W&b=5&g=0&id=p86431144783
INFINITI
5年前
Future FinTech Signs Term Sheet to Acquire Supply Chain Software Business
Source: PR Newswire (US)
NEW YORK, Sept. 3, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on August 30, 2021, the Company signed an equity acquisition term sheet (the "Term Sheet") to acquire 51% of the equity of Shanghai Dianfa Internet Technology Co., Ltd. ("Dianfa Technology"). The Term Sheet represents terms for a proposed transaction subject to definitive documentation and is non-binding except for its 'Exclusive Period' and 'Confidentiality'; and 'Governing Law' sections.
According to the Term Sheet, the Company plans to acquire 51% of the equity of Dianfa Technology at a purchase price of RMB 17,850,000 (approximately US$ 2,762,730) of which RMB 6,000,000 (approximately US$ 928,650) will be paid in cash as a capital investment in Dianfa Technology and RMB 11,850,000 (approximately US$ 1,834,080) will be paid in shares of FTFT common stock to the selling shareholders of Dianfa Technology. The acquisition will be subject to legal and financial due diligence on the part of the Company.
Through this acquisition, FTFT plans to enter the key supply chain finance business of small and medium sized enterprises ("SMEs") and the microfinance sector since these entities are often not able to access bank loans as larger businesses can in China. As this represents a vast number of enterprises that have ongoing capital needs, the Company plans upon developing a financial ecosystem to include financial and lending institutions, merchants, retail businesses and other supply side services, embedded with financial technology and communications, to create a highly evolved and efficient platform to optimize capital flows for SMEs and microfinance companies.
Dianfa Technology provides digital management services and high-frequency small loan assistance services to micro, small and medium-sized businesses and their suppliers based on its innovative smart retail SaaS supply chain system. Dianfa Technology uses financial technology capabilities such as mobile Internet, big data, artificial intelligence, cloud computing and blockchain analytics to help financial institutions provide low interest collateral-free revolving credit products and services to micro and small merchants across the entire retail industry business chain to meet their funding needs. These capital needs are often of a 'short, small, frequent and urgent' variety and are essential in terms of supporting the operating needs of microbusinesses and small merchants.
Shanchun Huang, CEO of Future FinTech, commented, "We estimate that there are millions of microbusinesses in China which represents a tremendous opportunity for digital management, lending and payment processing companies such as Dianfa Technology. Further, we anticipate that this potential acquisition will enhance our competitive advantages as well as create important synergies with our existing capabilities in supply chain finance."
"In addition, we believe that FTFT's strong blockchain development capabilities and rich application experience will enable us to evolve Dianfa Technology's current smart retail SaaS supply chain system to a next business model architecture. With our increasing geographical reach, we foresee the potential to realize decentralized high-frequency small transactions for small and medium sized businesses across the globe," continued CEO Huang.
"Our goal is to become a leading financial technology company and provide an array of individual and business customers with digital inclusive financial services and in doing so, to maximize returns to our shareholders," concluded CEO Huang.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company's operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based application projects and financial services for the supply chain industry. The Company is also engaged in the development of blockchain based e-Commerce technology as well as financial technology. For more information, please visit http://ftft.com/.
Safe Harbor Statement
Certain of the statements made in this press release are "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 statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.
All written or oral forward-looking statements 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, 2020 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at 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.
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