Bullish indicating open at $55-$60, IPO prices at $37
NEW YORK - Future FinTech Group Inc. (NASDAQ:FTFT) announced Wednesday that its wholly-owned subsidiary, FTFT International Securities & Futures Co., Ltd. (Future Securities), has signed a strategic cooperation agreement with MaxQuant AI to develop AI-driven financial services.
Future Securities, which holds Type 1, 2, and 4 licenses from the Hong Kong Securities and Futures Commission, plans to collaborate with MaxQuant AI to create an intelligence system aimed at enhancing investor experiences. With a market capitalization of just $6 million and revenue of $2 million in the last twelve months, the company also intends to launch a six-month free trial campaign for the MaxQuant AI platform.
According to the press release, the MaxQuant AI platform incorporates a News Intelligence Engine, Predictive Analytics Core, and Cross-Asset Intelligence features. The platform is designed to identify investment opportunities and provide timing signals for trading decisions.
Jeffery Zeng, founder of the MaxQuant AI platform, stated, "This partnership with Future Securities not only represents a strategic move to complement each party’s strengths and achieve mutual benefits, but it will also inject fresh momentum into the digital transformation and the innovative development of the financial services industry."
Hu Li, CEO of FTFT, added that the collaboration represents a significant strategic move for the company’s fintech initiative, aiming to deliver more value-added investment services.
Future FinTech Group operates in brokerage and investment banking services in Hong Kong, as well as supply chain trading and finance businesses in China.
The company noted that investing involves risks, and there is no guarantee of investment performance with the platform.
In other recent news, Future FinTech Group Inc. has made several notable announcements. The company is actively pursuing a Type 1 Virtual Asset Service Provider license and a Type 9 Asset Management License in Hong Kong, aiming to offer cryptocurrency trading services. This move involves collaboration with a compliance consultant to ensure adherence to regulatory standards. Additionally, Future FinTech has appointed Professor Yu Xiong as Chief Blockchain Advisor to support its expansion into stablecoins and real-world asset businesses. Professor Xiong brings extensive experience, including his role at the University of Surrey and previous advisory positions. In leadership developments, the company has appointed Ting (Alina) Ouyang as the new Chief Financial Officer and David Xu as Chairman of the Board following the resignation of several key executives. These changes reflect Future FinTech’s strategic focus on adapting to new market opportunities and strengthening its leadership team.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.