Core Viewpoint - Future Fintech Group Inc. is enhancing its Blockchain Business Division to focus on developing new blockchain businesses, including high-performance computing, web3 technology, and artificial intelligence, while continuing to manage existing operations [1][2]. Group 1: Company Updates - The Blockchain Business Division was established in December 2021 to oversee the company's blockchain initiatives and strategic growth [1]. - Mr. Li Hu, CEO, emphasized the company's commitment to digital financial products and services, leveraging AI to impact the web3 industry [3]. - Mr. Kai Xu has been appointed as President of the Blockchain Business Division, with a focus on web3 expansion, while Mr. Weifang Peng will serve as Vice President, concentrating on blockchain computing power and related business development [3]. Group 2: Business Operations - Future Fintech Group Inc. operates in various sectors, including asset management, brokerage, investment banking in Hong Kong, cross-border payments in the UK, and supply chain trading and finance in China [4]. - The company has also initiated digital asset mining farm operations in the United States, aiming to enhance financial services through digital and internet technology [4].
Future FinTech Announces an Update of its Blockchain Division