GLG - Buzz on the Street Show: TD Holdings Inc. (NASDAQ: GLG) LOI to Launch Digital Cloud Warehouse

FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “TD Holdings, Inc. Enters into Letter of Intent to Launch RMB300 Million Special Fund to Accelerate Development of Digital Cloud Warehouse.”

TD Holdings, Inc. (NASDAQ: GLG) (the “Company”), a commodities trading service provider in China, today announced that the Company and its wholly owned subsidiary, Shenzhen Baiyu Jucheng Data Technology Co., Ltd. (“BJDT”), have entered into a non-binding letter of intent (the “LOI”) with Shenzhen Meifu Capital Management Co., Ltd. (“SMCM”), a private equity investment management institution and a pioneer in guiding government investment funds in South China, to launch a RMB300 million special fund (the “Fund”) to accelerate development of a digital cloud warehouse (the “Project”).

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 .

For more information, please visit: TD Holdings, Inc.

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