Why Future FinTech Stock Flew Today

1 min read

Shares of Future FinTech (NASDAQ: FTFT) flew higher on Thursday following the company’s announcement of a new joint venture in the United Arab Emirates. As of 12:30 p.m. EST, the stock was up 10%.

Future FinTech was formerly a fruit-juice company called SkyPeople Fruit Juice. Since rebranding, it’s been pursuing blockchain technologies to aid in e-commerce. Its new business announced Thursday is FTFT Capital Dubai, and will be based in Dubai. Future FinTech is partnering for the venture with Shenzhen SOSOB, a provider of real-time price information for cryptocurrencies and other digital assets. 

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Amazon Expands Road Testing of Rivian Electric Delivery Vans

Next Story

HeadHunter Group PLC (HHR) Q4 2020 Earnings Call Transcript

Latest from Blog

Is Callaway Stock a Buy?

On March 8, golf equipment giant Callaway (NYSE: ELY) finalized its merger with sports entertainment and…