GLG - TD Holdings stock higher on signing LOI to acquire eight digital cloud warehouse software copyrights in commodity storage

With an aim to empower existing digital cloud warehouse system with the blockchain technologies, Tongdow (Hainan) Digital Technology, a subsidiary of TD Holdings (GLG) +7.8% premarket, has signed a letter of intent with Yunfeihu IoT Co. Ltd. and Tongdow E-commerce Group to acquire eight software copyrights for commodities storage in digital cloud warehouse. The company aims to provide support for more diversified settlement channels of commodity trades such as payments by bitcoin or other encrypted currencies. Ms. Renmei Ouyang, CEO of the Company commented, "The planned acquisitions represent us stepping forward to become a commodity trading platform that is technologically supported by blockchain and IoTs. These two important technologies help verify ownership of goods and turn physical assets into highly efficient and secure digital assets."Previously: Bitcoin rally keeps going, tops $51K for first time (Feb. 17)

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TD Holdings stock higher on signing LOI to acquire eight digital cloud warehouse software copyrights in commodity storage