The new focus of the Blockchain business division will be to develop and develop new blockchain businesses such as high-performance computing, web3 technology, artificial intelligence (AI) and other blockchain-related projects. The Blockchain business division will continue to manage its existing businesses, including coordinating its operations, developing business synergies and implementing its strategic growth plan.
Mr. Li Hu, CEO of Future FinTech, said: “We are actively developing a range of digital financial products and services by leveraging AI to expand our impact on the Web3 industry, the next iteration of the Internet that uses blockchain technology to empower users. Our Blockchain business division will integrate existing and new businesses with an expanded mandate that we believe solidifies our commitment to being a leader in the blockchain space.
Mr. Kai Xu was appointed President of the Blockchain Business Division, responsible for overseeing and leading the division’s operations, including engagement in web3 expansion. Mr. Xu has extensive experience in the field of blockchain and big data. Mr. Xu was previously COO of the Company, a position he held until February 2020, and vice president of the blockchain division of the Company, and is also deputy general manager of FT Commercial Group Ltd., a subsidiary in exclusive ownership. of the Company,
Mr. Weifang Peng was appointed Vice President of Blockchain Business Division, mainly responsible for the company’s blockchain computing power and Web3-related business development. Mr. Peng entered the Bitcoin mining industry in September 2015 and has extensive industry experience. Mr. Peng was responsible for FTFT’s global mining investment activities from 2021 to 2022.
About Future Fintech Group Inc.
Future FinTech Group Inc. (NASDAQ: FTFT) is a comprehensive financial services and digital technology provider. The Company, through its subsidiaries, offers asset management, brokerage and investment banking services in
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