Tag Archives: FIN

PR Newswire

uCloudlink Expands Footprint in North America With New business Partners

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HONG KONG, Feb. 15, 2021 — UCLOUDLINK GROUP INC. ("uCloudlink") (NASDAQ:UCL), the world’s first and leading mobile data traffic sharing marketplace, is accelerating its global expansion plans with the addition of new business partners in North America. uCloudlink has recently established a partnership with Cello Mobile International ("Cello") in a move that sets the foundation for its future growth in the region.

A leading source of mobile data services and international cell phone services for travelers in the U.S. and Canada, Cello provides a range of voice and data solutions ranging from wireless hotspot rental and smartphone rental to international SIM cards. Cello has purchased uCloudlink’s GlocalMe devices and corresponding data services package to resell to its corporate and individual users.

The partnership comes following a significant period of growth for uCloudlink’s GlocalMe brand in the United States. Despite the impacts of COVID-19, GlocalMe saw traffic double for its local e-Commerce website in the past six months, and the number of American-based monthly registered users in its APP reached a new high in the final quarter of 2020.

As more people work and study remotely, the demand for reliable, portable network connectivity is stronger than ever before. GlocalMe devices and data packages offer full-frequency support with a stable network, flexible data plans and high-speed connections supported by uCloudlink’s Cloud SIM technology and platform — elevating users’ experience to enjoy wider coverage and a stable connection anywhere at any time.

Powered by its innovative PaaS and SaaS platform, uCloudlink’s Cloud SIM technology delivers superior connectivity by integrating the relevant resources of various data service suppliers and business partners worldwide; then intelligently allocating them to end-users to elevate users’ experience. Through its asset-light model, multiple partnership arrangements, and easy-to-scale business ecosystem, uCloudlink provides partners with a multitude of benefits, ranging from superior service for end-users, the extension of offerings or new business development and additional revenue streams.

With a foothold in Japan, US, Europe and other countries and regions, uCloudlink has already established itself as the leader in mobile data traffic sharing around the world. The new cooperation with Cello is another step in uCloudlink’s global expansion plans, as it seeks to enable more users around the world to connect and share without limitations.

About UCLOUDLINK GROUP INC.

uCloudlink is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

CONTACT:
Carina Cheung
carina-pr@ucloudlink.com

PR Newswire

Revolut Junior: The Financial App for Children Parents Didn’t Know They Needed

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SINGAPORE, Feb. 15, 2021 — The average child in Singapore starts receiving pocket money at 7 years old. This is the perfect age for parents to begin engaging their children in conversations about money. Enter Revolut Junior ("Junior") the financial app designed for kids but controlled by a parent or a legal guardian.

Revolut Junior––already launched in more than 30 markets globally––is now available to Revolut customers and their children/wards in Singapore.

A customer who holds an account with Revolut Singapore ("Revolut") can set up a Junior account for free. Revolut Standard customers can set up 1 complimentary Junior account, Revolut Premium customers can set up 2 complimentary Junior accounts, and Revolut Metal customers can set up 5 complimentary Junior accounts. They will also be able to order a specially designed Revolut Junior Visa debit card for their child/ward.

So, just what is it about Revolut Junior that makes it a must-have for both parents and children?

1. It gives parents a great opportunity to talk to their children about money

As society becomes increasingly cashless, children may become less aware of the role that money plays in their everyday lives. Is money a purely digital concept? An infinite resource?

Parents can draw parallels between the money deposited in their child’s Junior account and their own salary credits, to educate their children on the importance of earning and managing money, and demonstrate the concept of opportunity cost.

2. It helps children understand the difference between a Need and a Want

Revolut’s popular digital money tools have been adapted to make learning fun for youngsters. Revolut Premium and Metal customers will have access to additional features on the Revolut app, such as "Tasks" and "Goals", to inspire their children to work towards and save up for a goal. Using this feature, parents can assign a task (and corresponding e-money reward) to their child. When the child checks off the task as "complete" on their Revolut Junior app, parents simply have to acknowledge this on their own Revolut app and the promised reward is transferred to the Junior account. Seeing their account balance go up is a great way to reinforce a child’s habit-reward loop.

If the youngster desires a big ticket item, e.g., an electric guitar, parents/guardians can agree to meet them halfway and have them save up a portion of the cost as a Goal. Revolut Junior empowers children to make independent financial decisions while giving parents a way to track and manage security settings remotely.

3. It gives your child visibility about their money

Children signed up with a Junior account will have the option of downloading the Revolut Junior app on a smartphone.They will be able to access this and personally observe their account balance go up and down. Unlike more traditional offerings, the Revolut Junior app is designed with children in mind for easy and tactile use!

The parent’s Revolut app should ideally be used in tandem with the Revolut Junior app. Children can track, "earn", and manage their allowances while their parents will be able to add and withdraw money, utilise security features (such as the ability to freeze/unfreeze the Junior card), and appoint a Co-Parent to give another adult the ability to control the Junior account.

For more information about Revolut Junior and the applicable terms and conditions, please visit https://www.revolut.com/en-SG/legal/revolut-junior . Revolut Junior is available to all Revolut customers in Singapore, please ensure your app is updated to the latest version.

Related Links :

https://www.revolut.com

PR Newswire

Aussie Women Less Likely than Men to Celebrate Valentines Day ‘Out of Home’ in 2021; UserTesting Survey

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SYDNEY, Feb. 13, 2021 — UserTesting, a leading on-demand Human Insight platform, conducted a survey capturing the responses of Australian men and women around Valentine’s 2021. Study revealed that a majority of women in Australia have made peace with the unprecedented times, choosing to stay indoors on this day. Women also expressed that they would like to spend a quiet evening watching movies, exchanging gifts, and cooking meals with their partners. Whereas a majority of men are looking for romantic getaways on the beaches and planning hiking/other outdoor activities.

Other findings from the study were:

Men are more excited about Valentine’s Day than women in 2021
In the past year, couples have experienced unexpected restrictions on usual dating activities while following stay-at-home norms, social distancing and working from home. So, when respondents were asked how excited they are to, ranging from Not Excited to Extremely (scale of 1-5), a majority of women (70%) were only somewhat excited (3 ratings) while a majority of males (70%) were considerably excited (4 ratings).

Bottle of wine, champagne, spirits – popular gift choices in women
The survey showed a wide gap in genders’ perspectives regarding their gift expectations. 70% of women expressed their likeness for flowers and beverages including bottle of wine, champagne, spirits etc. as their perfect valentine gift. While remaining said Jewelry (necklace, ring, watch) and candles/home accessories. However, with men, there weren’t any popular choices. Chocolates/candies, flowers/plants, gift cards, and beverages were 25% each.

Over-the-top fairy tale romantic ideas to surprise your partner is a faded concept
The survey found that 70% of men said that planning a valentine’s date is a mutual affair with their significant other compared to only 40% of women who said the same. Another 40% of women and 20% of men stated that they were solely responsible for planning activities and 10% of men stated activities were planned solely by their partner.

Cupid arrowing retail over romance?

The survey revealed that romance is losing its sheen to retail as the majority (60%) of women wanted to shop on the holiday and (40%) of men shared the same thoughts. While (30%) of men & women still believe in celebrating love. Remaining (10%) of women and (30%) of men admitted they only celebrate it to make their partner happy.

Visit UserTesting

For more details;
Archit
archit@wizikey.com 

 

PR Newswire

SOS Ltd. Announces Pricing of $110.0 Million Registered Direct Offering

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QINGDAO, China, Feb. 12, 2021 — SOS Limited (NYSE: SOS) (the "Company" or "SOS"), a high-tech company providing a wide range of data mining and marketing analysis services to its corporate and individual members in China, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase $110,000,000 worth of its American Depositary Shares ("ADS") and warrants in a registered direct offering.

Under the terms of the securities purchase agreement, the Company has agreed to sell 22,000,000 million ADSs and warrants to purchase 16,500,000 million ADS. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $5.00. The warrants will expire five years from the date of issuance. The purchase price for one ADS and one corresponding warrant will be $5.00. The determination of the purchase price was based on the average of the Company’s closing stock price over the past five trading days. The gross proceeds to the Company from the registered direct offering are estimated to be $110,000,000 before deducting the placement agent’s fees and other estimated offering expenses. The registered direct offering is expected to close on or about February 17, 2021, subject to the satisfaction of customary closing conditions.

The Company intends to use the proceeds from the offering to develop its planned blockchain-based security and insurance technology business as well as for working capital and general corporate use.

Maxim Group LLC is acting as sole placement agent in connection with this offering.

The securities described above are being offered by the Company pursuant to a shelf registration statement on Form F-3 (File No.: 333-250145) filed with the Securities and Exchange Commission (the "SEC") dated November 17, 2020, and declared effective on November 30, 2020. A prospectus supplement related to the offering will be, filed with the SEC and available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplement relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, by telephone: at (212) 895-3500.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About SOS Limited

SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. SOS is focused on the research and development of big data, cloud computing, Internet of Things, blockchain and artificial intelligence. We have created a SOS cloud emergency rescue service software as a service (SaaS) platform with three major product categories, including basic cloud (medical rescue card, car rescue card, financial rescue card, mutual assistance rescue card), cooperative cloud (information rescue center, intelligent big data, intelligent software and hardware), and information cloud (News Today, E-Commerce Today). This system provide marketing-related data, technology solutions, and technology-driven big data to clients such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers and other service providers in the emergency rescue services industry. SOS has obtained a national high-tech enterprise certification, the title of "big data star enterprise" awarded by Gui’an New District Government, and has registered 96 software copyrights and 2 patents. For more information, please visit: http://www.sosyun.com/ 

Forward-Looking Statements

Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties; SOS’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities market acceptance of our products; the ultimate impact of the current Coronavirus pandemic, or any other health epidemic, on our business, our research programs, healthcare systems or the global economy as a whole; our intellectual property; our reliance on third party organizations; our anticipated financial and operating results, including anticipated sources of revenues; our assumptions regarding the size of the available market, benefits of our product offering, product pricing, timing of product launches; management’s expectation with respect to future acquisitions; statements regarding our goals, intentions, plans and expectations, including the introduction of new products and markets; and our cash needs and financing plans and etc. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. SOS may not realize its expectations, and its beliefs may not prove correct. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended December 31, 2019. SOS’s SEC filings are available publicly on the SEC’s website at www.sec.gov. SOS disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

PR Newswire

TradingCrypto Introduces New Website, Featuring Cutting-Edge Trading Platform

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LONDON, Feb. 12, 2021 — Amidst a rise in demand for online trading services in 2021, as a result of volatility in the markets, online trading brokerage TradingCrypto has announced that its new trading website is on air, and that registration has already surpassed expectations since its launching, earlier this year.

"We’re flattered by the trust our new traders have put in us, and we certainly don’t take it for granted," said Donald Reilly, TradingCrypto’s spokesperson, in response to the news. "We’ve put a whole lot of effort into this new website, deploying the most recent technology to ensure a speedy, secure and user-friendly interface and experience."

Bringing something new to the world of trading

The brand has taken the highest standards of customer service on one hand, and enjoying the benefit of reputation on the other. That is why TradingCrypto has taken every means necessary in order to provide the best support and service available, as current and joining traders can attest.

"The key principle, by which our decisions have been made ever since we were at our founding stage, is that our success must be a result of our customers’ success," added the spokesperson. "That is why it was important for us to offer something on this website that they cannot get anywhere else: a new standard of ultra-fast support service, handling any request or issue that may come up, on a 24/6 basis."

The new website, tradingcryp.com, offers a wide array of tradable crypto coins, but is not limited to this type of assets. Traders can choose from a wide variety of stocks, commodities, indices, and forex pairs as well.

About TradingCrypto

Founded by an elite selection of brokers and analysts, all with years in the business of online trading, TradingCrypto aims at basing itself as a leading trading platform in 2021. Its users have a wide variety of assets to choose from, with full access to all relevant market charts, research data, analytics and many other tools. All actions can be executed via the MetaTrader web platform, suitable for all kinds of devices – including tablets and mobile phones – and via the brand’s proprietary app. tradingcryp.com plans on introducing several more benefits in the near future.

Related Links :

https://tradingcryp.com

PR Newswire

Future FinTech Group Inc. Announces the Closing of $11.9 Million Registered Direct Offering

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NEW YORK, Feb. 12, 2021 — Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of 2,000,000 shares of its Common Stock at a purchase price of $5.95 per share on February 11, 2021. The gross proceeds of this offering are $11,900,000. The Company issued a total of 2,000,000 shares of its Common Stock in the offering. The net proceeds from this offering will be used for growth capital and general working capital purposes.

A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.

All offers were made only by means of a prospectus, including a prospectus supplement pursuant to the Company’s effective shelf registration statement and base prospectus contained therein. The shelf registration statement on Form S-3 (File No. 333-224686) relating to the offering was previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on December 11, 2020. A prospectus supplement related to the offering was filed with the SEC on February 11, 2021 and is available at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. 

For further details of this transaction, please see the Current Report on Form 8-K filed with the SEC on February 10, 2021, as amended which can be viewed at www.sec.gov.

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. The Company is also engaged in the development of blockchain based technology and services as well as financial technology services. For more information, please visit http://www.ftftex.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, 2019 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.

PR Newswire

Luokung Technology Corp. Announces $15.0 Million Registered Direct Offering

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BEIJING, Feb. 11, 2021 — Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of approximately $15.0 million of ordinary shares at a price of $0.888 per share. The Company will issue a total of 16,891,892 ordinary shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants ("Warrants") for the purchase of up to 8,445,946 ordinary shares at an exercise price of $1.11 per share, which Warrants will have a term of three years from the date of issuance.

The net proceeds from this offering will be used for working capital and general corporate purposes. The offering is expected to close on or about February 16, 2021, subject to the satisfaction of customary closing conditions.

FT Global Capital, Inc. acted as the exclusive placement agent for the transaction.

These securities are being offered through a prospectus supplement pursuant to the Company’s effective shelf registration statement and base prospectus contained therein. A shelf registration statement (SEC Filing No. 333-233108) relating to these securities has been filed with and declared effective by the Securities and Exchange Commission (the "SEC") on August 16, 2019. A prospectus supplement related to the offering will be filed with the SEC. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.

For further details of this transaction, please see the Form 6-K to be filed with the SEC.

About Luokung Technology Corp.

Luokung Technology Corp. is one of the global leading spatial-temporal big-data processing technology companies and a leading interactive location-based services company in China. The core business brands of the Company are "Luokuang" and "Superengine". The Company mainly provides spatial temporal big data PaaS, SaaS and DaaS intelligent services based on its self-developed patented technology which can be applied in Mobile Internet LBS, Internet Travelling, Intelligent Transportation, Automatic Drive, Smart City, Intelligent IoT, Natural Resources Exploration and Monitoring and so on. These services are integrated intelligent computing and application services for spatial temporal data which including but not limited to Satellite and UAV Remote Sensing Image Data, HD Map, 2D and 3D Internet Map, Real-time Trajectory, IoT Industrial Stream Data. For more information please go to http://www.luokung.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

CONTACT:

The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: ir@luokung.com

INVESTOR RELATIONS
PureRock Communications Limited
Email: luokung@pure-rock.com

Related Links :

http://www.luokung.com

PR Newswire

Trip.com Group to Hold Extraordinary General Meeting on March 18, 2021

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SHANGHAI, Feb. 11, 2021 — Trip.com Group Limited (Nasdaq: TCOM) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at 9:00 a.m. on March 18, 2021 (Beijing time) at the address of Building 16, Sky SOHO, 968 Jin Zhong Road, Shanghai, the People’s Republic of China.

A proposal of changing the Company’s authorized share capital by one-to-eight subdivision of shares ("Share Subdivision") will be submitted to Trip.com Group’s shareholders to be considered and voted upon at the EGM. Subject to the approval of the Share Subdivision at the EGM, Trip.com Group’s board of directors (the "Board") has approved a change in the American depositary share ("ADS") ratio proportionate to the Share Subdivision from eight (8) ADSs representing one (1) ordinary share to one (1) ADS representing one (1) ordinary share (the "ADS Ratio Change"), to take effect on March 18, 2021. For Trip.com Group’s ADS holders, the percentage interest in the Company represented by each ADS will not be altered, and the impact on the Company’s per-ADS trading price on Nasdaq is neutral. Holders of ADSs need not take any action in regard to the ADS Ratio Change.

The Board has fixed the close of business on February 16, 2021 (Eastern Standard Time) as the record date (the "Record Date") for determining the shareholders entitled to receive notice of, and to attend, the EGM or any adjourned or postponed meeting thereof. Holders of record of the Company’s ordinary shares, par value US$0.01 per share, at the close of business on the Record Date are entitled to notice of, and to vote at, the EGM or any adjournment or postponement thereof. Holders of the Company’s ADSs who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, The Bank of New York Mellon (the "Depositary"). The notice of the EGM, which sets forth the resolutions to be submitted to shareholder approval at the meeting, is available on the Company’s website at http://investors.trip.com.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM) is a leading one-stop travel service provider consisting of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, Internet websites, and 24/7 customer service centers. Founded in 1999 and listed on Nasdaq in 2003, Trip.com Group has become one of the largest travel companies in the world in terms of gross merchandise value.

Related Links :

https://www.ctrip.com/

PR Newswire

TD Holdings Inc. Closes $24.5 Million Private Placement with Affiliated Investors

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SHENZHEN, China, Feb. 11, 2021 — TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced the closing of a private placement of 15,000,000 shares of its common stock to the Company’s chief executive officer and chairwoman, Ms. Renmei Ouyang, and a significant shareholder, Mr. Shuxiang Zhang for gross proceeds of $24,450,000. Each share of common stock is being sold at a purchase price of $1.63, which is the closing bid price on the day immediately prior to execution of the securities purchase agreement.

The Company expects to use the net proceeds of the offering for general corporate purposes, working capital, or other related business as approved by the board of directors of the Company. The shares were issued in reliance upon an exemption from the registration requirements pursuant to Regulation S of the Securities Act of 1933, as amended, and the affiliated investors do not have any registration rights pursuant to the Securities Purchase Agreement by and among the Company and the affiliated shareholders.

Ms. Renmei Ouyang, CEO and chairwomen of the Company commented, "The completion of this offering represents management and significant shareholder’s confidence in the Company’s future. We believe this financing positions the Company well for transitioning from traditional commodities trading and supply chain management services to digital technology driven trading services which could potentially transform the transaction, settlement and logistics models of commodity trading, and to greatly improve our operating efficiency and cash liquidity for our corporate clients."

About TD Holdings, Inc.

TD Holdings, Inc. is a service provider currently engaging in commodity trading business and supply chain service business in China. Its commodities trading business primarily involves purchasing non-ferrous metal product from upstream metal and mineral suppliers and then selling to downstream customers. Its supply chain service business primarily has served as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading. For more information please visit http://ir.tdglg.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of TD Holdings, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on the Company’s operations, the demand for the Company’s products and services, global supply chains and economic activity in general. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact:

Investor Relations:
Dong Cao       
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +86 13502048965

Related Links :

http://ir.tdglg.com/

PR Newswire

Chargebee ranked #1 among all Finance Products in 2021 by G2 Crowd

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Chargebee recognized among the top software products in 2021.

SAN FRANCISCO, Feb. 10, 2021 — G2’s audience of software users has ranked Chargebee among the ’50 Best Finance Products’ list for 2021. Chargebee was also recognized on four additional G2 Best of lists including being ranked #6 in ‘Best Small Business Products’ and #19 in the ‘Best Software Products of 2021′ list. This award is significant because it’s based on real Chargebee users’ verified reviews against thousands of other verified reviews on G2. These reviews were written and published between January 1, 2020 – December 31, 2020. A year that has changed the way people look at software.

"Being ranked for Finance Products, validates our value proposition to our Customers. We are committed to simplify the revenue processes within organisations, to bring about agility and sophistication in their revenue workflows. Our Customers continue to drive our product roadmap to build the best subscription management and billing platform," says Krish Subramanian, CEO & Co-founder of Chargebee.

Many companies in response to the COVID-19 pandemic, needed to accelerate their digital transformation efforts and quickly adapt to newer revenue models. This meant companies in different stages of growth came to Chargebee to quickly adapt to a subscription model that promises recurring revenue & experiment with various discounts, packaging and promotional strategies. They chose Chargebee because of the platform’s ease of use, robust library of pre-built integrations, powerful developer tools, and scalability across stages of growth. They were able to take quicker pivots, make informed decisions and be resilient through a world crisis. "We are proud to see our customers emerge as champions during testing times, and we feel humbled to partner with them, as enablers of change"; adds Krish.

With nearly 100,000 companies and over 1 million reviews listed on G2, only a small subset of these companies are placed by G2’s audience on the top software list. Being recognized in categories such as Highest Satisfaction Products & Fastest Growing Products, adds a feather to the cap and validates why the company focuses on customer centricity as an important part of its culture and processes. 

Criteria: Winners were determined based on reviews left at G2.com between Jan. 1, 2020 and Dec. 31, 2020. All scores are calculated using G2’s algorithms, including for Satisfaction and Market Presence, explained in detail here. Further information on methodology is available upon request.

About Chargebee

Chargebee automates revenue operations of high-growth, subscription-based business. Its SaaS platform helps SaaS, ecommerce and subscription-based businesses manage and grow their revenue by automating subscriptions, billing, invoicing, payments and revenue recognition processes and it provides key reports, metrics and insights into their subscription business. Founded in 2011, Chargebee is used by over 2,500 companies globally including businesses like Freshworks, Calendly, Okta and Study.com.

For more information, visit www.chargebee.com or follow us on Twitter @chargebee.