The Buzz Surrounding TD Holdings, Inc. (NASDAQ: GLG) | Financial Buzz

The Buzz Surrounding TD Holdings, Inc. (NASDAQ: GLG)

About:

TD Holdings, Inc. is an industry company of Internet of Things, industrial B2B digital e-commerce platform, and integrated supply chain management service provider. TD Holdings’ business includes core e-commerce, supply chain management, digital cloud storage, blockchain settlement, technology SaaS service and innovation business. The company goal is to gather industrial resources, enhance enterprise value and create an ecological system of commodity circulation by digital management, operation and intelligent storage layout of global commodities.

The Platform Function:

By internet e-commerce platform as the core, Tongdow provides users the services in commodity trading, payment/settlement, commodity delivery, supply chain, technology SaaS, big data etc., to complete the industry services as a whole for commodities.

Our Behind the Buzz Show Featuring
TD Holdings, Inc:

Investor Recap:

Core Business: B2B Trading

Matchmaking Trading, Proprietary Trading, Agent Procurement and
Group Purchasing

TD Holdings, Inc. entered recently into a strategic framework agreement with Tongdow E-commerce Group through Shanghai Jianchi Supply Chain Co.,Ltd., the Company’s wholly owned subsidiary. Tongdow E-Commerce recently has engaged the wholly owned subsidiary of JD Digits Technology Group and launched an online commodity trading enterprise payment system on Tongdow E-Commerce’s online trading platform.

JD Digits was first established as part of JD.com, Inc., and later became an independent technology company dedicated to the digitalization of AI-driven industries.

JD Digits It uses digital technology to serve the financial and real sectors and help related industries in achieving Internetization, digitization, and intelligentization.

Smart IoT Cloud for Warehousing

Tongdow Intelligent IoT Cloud Platform

Smart or intelligent warehousing Service helps Tongdow’s customers solve the problems such commodity quality inspection, traceability, inventory, logistics, transfer of warehouse receip and security supervision in commodity industry chain, and provide them the services of fast transfer of the warehouse receipts, storage logistics and accurate risk management for supply chain finance. 

Electronic Warehouse receipt: solve the problems of warehouse receipt’s electronicalization and uniqueness, and realize the transaction and online transfer of warehouse receipts. 

Chattel pledge: solve the problems of repeated pledge, single-chattel – multiple – pledge by intelligent storage & security.

Logistics: solve the problems of operational efficiency, in-transit material safety by intelligent logistics.

SaaS Service

1. Integrated e-commerce information software
2. E-commerce spot goods trading software
3. Online financing management software
4. Interbank payment software
5. Risk control evaluation management software
6. CRM management software
7. Warehouse receipt management software

1. Platform software development
2. IoT technology
3. Blockchain technology
4. Warehouse logistics application system
5. Big data management
6. Transaction data/customer data/ price data/ inventory data

Strategic R&D partnership with Dahua Tech, Corun, ZHONGANCHENG, China Transinfoand SINOIOV

Recent Developments

Aug. 20, 2020 - TD Holdings (GLG) Launches a Bulk Commodity Online Payment Platform with JD Digits through its strategic partner

TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China today announced to enter into a strategic framework agreement with Tongdow E-commerce Group (“Tongdow E-commerce”) through Shanghai Jianchi Supply Chain Co.,Ltd. (“Shanghai Jianchi”), the Company’s wholly owned subsidiary. Tongdow E-Commerce recently has engaged the wholly owned subsidiary of JD Digits Technology Group (“JD Digits”) and launched an online commodity trading enterprise payment system on Tongdow E-Commerce’s online trading platform.

JD Digits was first established as part of JD.com, Inc. (Nasdaq: JD), and later became an independent technology company dedicated to the digitalization of AI-driven industries. It uses digital technology to serve the financial and real sectors and help related industries in achieving Internetization, digitization, and intelligentization. JD Finance is one of the core business modules of JD Digit’s corporate services. It aims to provide unified external services through account management, transaction settlement, payment and unites supply chain financing, financial technology, and other business segments to meet the diverse transaction scenarios and needs of corporate users in various industries, providing enterprises with a one-stop business service platform.

The Company, through its wholly owned subsidiary Shanghai Jianchi., has entered into a strategic cooperation framework agreement with Tongdow E-commerce and Beijing Tongbang Zhuoyi Technology, which is a wholly owned subsidiary of JD Digits, jointly providing customers with comprehensive services such as payment and supply chain management.

The launch of the commodity online payment platform represents the beginning of the cooperation with TD Holdings and JD Digits. In the future, the Company plans to develop deeper cooperation with JD Digits with respect to payment, supply chain financing, IoT-enhanced warehouses, etc., to provide commodity trading companies with integrated solutions for online payments and FinTech needs.

For Full Release: https://www.prnewswire.com/news-releases/td-holdings-glg-launches-a-bulk-commodity-online-payment-platform-with-jd-digits-through-its-strategic-partner-301115556.html

Aug. 19, 2020 - TD Holdings, Inc. Announced to Enter into Digital Cloud Storage Business

TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China announced to establish a wholly-owned subsidiary Tongdow (Hainan) Data Technology Co., Ltd. in Hainan ProvinceChina, officially launching the development and operation of a digital cloud storage for commodities trading business.

TD Holdings, Inc. officially made commodity trading and supply chain services its main business in November 2019. The latest quarterly report shows that the company’s main source of income comes from commodity trading and distribution services.

The launching of the digital cloud storage business will effectively solve the problems of shortage of funds and risk management of financial institutions, as well as enhance the security of physical transactions and delivery of commodities.

Ms. Renmei Ouyang, CEO, President and Chairwoman of the Board, said with confidence “We, TD Holdings, Inc. will comprehensively build a package of commodity supply chain service system based on the organic integration of trade, logistics, finance, and information. Relying on digital cloud storage and technologies based on the Internet of Things and blockchain, TD Holdings, Inc. will vigorously open a blue ocean market for global commodity trading, settlement, fee settlement and supply chain finance. The Industrial Internet will be the future biggest outlet in 10 years. The digitalization of industries and the standardization of commodities are the key to promote the industrial Internet.”

For Full Release: https://www.prnewswire.com/news-releases/td-holdings-inc-announced-to-enter-into-digital-cloud-storage-business-301114701.html

Aug. 14, 2020 - TD Holdings, Inc. Reports Second Quarter 2020 Financial Results

TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service and used luxurious car rental provider in China today announced its financial results for the six months ended June 30, 2020.

The Company began to operate its commodities trading service in Shenzhen, China in November 2020. In January 2019, we changed the Company’s name to TD Holdings, Inc., which better represents our current focus on the new commodities trading business. The letter “T” in the name representing Chinese character for “Bronze,” indicating the Company’s focus on the commodities trading business, and particularly on the trading of nonferrous metals such as bronze as the main direction of the Company’s business in the future.

Ms. Renmei Ouyang, the Chief Executive Officer of the Company, stated, “We are pleased to report our financial results for the six months ended June 30, 2020. We started our commodity trading business in late 2019, and we made increasing revenues from our commodity trading business for the three and six months ended June 30, 2020, even during the ongoing outbreak of the coronavirus disease 2019 (COVID-19). I believe that the commodity trading business will continue to bolster the Company’s income and increase shareholder value.”

Financial Highlights

In the quarter ended June 30, 2020

  • Revenues from commodities trading business was $3.71 million, consisting of $1.56 million from sales of commodities products, and $2.15 million from supply chain management services for the quarter ended June 30, 2020;
  • Net income from commodities trading business was $2.40 million, and basic and diluted earnings per share from commodities trading business was $0.05.
  • We raised funds aggregating $30 million from issuance of convertible notes, accompanied by warrants to purchase 20,000,000 shares of Common Stock issuable upon conversion of the convertible notes at an exercise price of $1.80, and raised $36 million from the holders of convertible notes upon their conversion of the convertible notes and exercise of warrants. We therefore incurred noncash amortization of beneficial conversion feature of $3.4 million and amortization of relative fair value of warrants of $3.06 million;
  • Net loss was $4.36 million, as compared with $1.04 million for the same period ended June 30, 2019; and
  • Basic and diluted loss per share was $0.09, compared with basic and diluted loss per share of $0.14 for the same period ended June 30, 2019.
  • Shareholders’ equity as of June 30, 2020 was $88.8 million, compared with $5.8 million as of December 31, 2019.

In the six months ended June 30, 2020

  • Revenues from commodities trading business was $5.19 million, consisting of $2.62 million from sales of commodities products, and $2.56 million from supply chain management services;
  • Net income from commodities trading business was $2.54 million, and basic and diluted earnings per share from commodities trading business was $0.05.
  • We raised funds aggregating $30 million from issuance of convertible notes, accompanied by warrants to purchase 20,000,000 shares of Common Stock issuable upon conversion of the convertible notes at an exercise price of $1.80, and raised $36 million from the holders of convertible notes upon their conversion of the convertible notes and exercise of warrants. We therefore incurred noncash amortization of beneficial conversion feature of $3.4 million and amortization of relative fair value of warrants of $3.06 million;
  • Net loss was $4.50 million, as compared with $2.87 million for the same period ended June 30, 2019; and
  • Basic and diluted loss per share was $0.15, compared with basic and diluted loss per share of $0.45 for the same period ended June 30, 2019

 

For Full Release: https://www.prnewswire.com/news-releases/td-holdings-inc-reports-second-quarter-2020-financial-results-301112711.html

June 26, 2020 - TD Holdings, Inc. Reports First Quarter 2020 Financial Results

TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a used luxurious car rental and commodities trading service provider in China today announced its financial results for the three months ended March 31, 2020.

The Company started to operate its current used luxurious car leasing business in China, after it disposed its direct loans, loan guarantees and financial leasing services in July 2018, and began to operate commodities trading business in China in November 2019. In January 2020, we changed the Company’s name to TD Holdings, Inc., which better represents our current focus on the new commodities trading business. The letter “T” in the name representing the Chinese character for “Bronze,” indicating the Company’s focus on the commodities trading business, and particularly on the trading of nonferrous metals such as bronze as the main direction of the Company’s business in the future.

Mrs. Renmei Ouyang, the Chief Executive Officer of the Company, stated, “We are pleased to report our financial results for the three months ended March 31, 2020. We started our commodity trading business in late 2019, and we have increased our revenues from the commodities trading business despite of the outbreak of COVID-19. I believe that the commodity trading business will continue to bolster the Company’s income and increase shareholder value.”

First Quarter 2020 Financial Highlights

  • Income from commodities trading business was $1.47 million, consisting of $1.05 million from sales of commodities products, and $0.42 million from supply chain management services;
  • Net loss was $0.14 million, compared with net loss of $1.83 million for the three months ended March 31, 2019.
  • Basic and diluted loss per share was $0.01, compared with basic and diluted loss per share of $0.35 for the three months ended March 31, 2019.
  • Shareholders’ equity as of March 31, 2020 was $7.3 million, compared with $5.80 million as of December 31, 2019….

 

For Full Release: https://www.prnewswire.com/news-releases/td-holdings-inc-reports-first-quarter-2020-financial-results-301084556.html

May 29, 2020 - TD Holdings, Inc. Reports Fiscal Year 2019 Financial Results

TD Holdings, Inc. (Nasdaq: GLG) (the “Company”) (Formerly known as Bat Group, Inc.), a used luxurious car rental and commodities trading service provider in China today announced its financial results for the fiscal year ended December 31, 2019.

The Company began to operate its current used luxurious car leasing business in China, after it disposed its direct loans, loan guarantees and financial leasing services in July 2018, and began to operate commodities trading business in China in November 2019. In January 2020, we changed the Company’s name to TD Holdings, Inc., which better represents our current focus on the new commodities trading business. The letter “T” in the name representing Chinese character for “Bronze,” indicating the Company’s focus on the commodities trading business, and particularly on the trading of nonferrous metals such as bronze as the main direction of the Company’s business in the future.

Mrs. Renmei Ouyang, the Chief Executive Officer of the Company, stated, “We are pleased to report our financial results for fiscal year 2019. We started our commodity trading business in late 2019. The turnover of China’s commodity market has shown a rapid upward trend, and I believe that entering into the commodity trading business will bolster the Company’s income and increase shareholder value. We will focus on non-ferrous metal commodities such as aluminum, copper, silver, and gold. We strive to become an emerging platform in the non-ferrous metal e-commerce industry by offering all participants in the non-ferrous metal e-commerce industry a seamless, one-stop transaction experience.”

Fiscal Year 2019 Financial Highlights

  • Income from commodities trading business was $0.66 million, consisting of $0.10 million from sales of commodities products, and $0.56 million from supply chain management services; Income from operating lease reached $1.83 million, compared with $0.49 million for the fiscal year 2018, representing an increase of $1.34 million or 275%.
  • Net loss from continuing operations was $6.94 million, compared with net loss from continuing operations of $2.32 million for the fiscal year 2018.
  • Basic and diluted loss per share from continuing operations was $0.89, compared with basic and diluted loss per share of $0.50 for the fiscal year 2018.
  • Shareholders’ equity was $5.80 million as of December 31, 2019, compared with shareholders’ equity of $2.80 million as of December 31, 2018

 

For Full Release: https://www.prnewswire.com/news-releases/td-holdings-inc-reports-fiscal-year-2019-financial-results-301067861.html

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