Future FinTech (FTFT) Attempts To Recover: Will It Sustain?

If there is one industry that has exploded over the past decade or so then it is the fintech industry.

depositphotos 148537293 l 2015

Investors now have plenty of options when it comes to that industry and one of the fintech stocks that could be tracked at this point is that of Future Fintech Group Inc (NASDAQ: FTFT). The stock was one of the notable gainers this past Friday after it managed to record gains of as big as 33% following a key announcement.

On Friday, the company announced that its subsidiary company Chain Cloud Mall signed a cooperation agreement with a news magazine. The ownership of the magazine in question is directly held by the China Foundation of Consumer Protection. The cooperation agreement has been signed for five years and will end on January 31, 2026. The announcement from the company was welcomed by the market and the stock soared as investors piled on to it in a big way.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

Alex Krakowsky has 978 posts and counting. See all posts by Alex Krakowsky