ideanomics - FinTecBuzz

Ideanomics’ MEG Sales Subsidiary Receives Investment from Qingdao City at 2 Billion RMB valuation

January 30, 20203 min

Ideanomics, (NASDAQ: IDEX) (“Ideanomics” or the “Company”), has today announced that its MEG Group subsidiary Qingdao Mobile New Energy Vehicle Sales Co. Ltd. has received an initial investment of ¥50 Million RMB (approx. $7.2M US) from Qingdao Xingyang City Investment Co., Ltd. as part of a series of investments valuing the subsidiary at ¥2 Billion RMB (approx. $288M US). The follow-on investments will come as the newly formed MEG-owned sales group realizes sales targets of ¥10 Billion RMB per additional investment tranche of 50...

by FTB News Desk

Blockchain

Ideanomics’ MEG secured order in Yunnan Province for 35,000 EV taxis

November 15, 201911 min

Delivery for this order will begin in 2020

by FTB News Desk

Asset Management Investments

Ideanomics Underwriting Banking Partner CICC, China’s #1 Investment Bank, on Underwriting of NTC Electric City Bus Transaction

January 23, 201914 min

Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”), a leading global fintech and asset digitization services company, announced January 17, 2019 that it has entered into an agreement with CICC, China’s #1 Investment Bank, for Underwriting of NTC Electric City Bus Transaction. We would like to further clarify, CICC’s commitment to of underwrite this project up to RMB 10 Billion (US$1.47 Billion) per month for a total of RMB 120 Billion has been committed. Our commitment to CICC is unwavering. We have used the term “Tentative” to...

by FTB News Desk

Asset Management Investments

Ideanomics Announces it now trades under the Ticker Symbol ‘IDEX’

November 13, 20186 min

Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”), a leading global fintech and asset digitization services company is pleased to announce that it has received its new trading letters. Effective today the company will trade on the NASDAQ under the ticker symbol “IDEX“. Also, the Ideanomics team is pleased to announce it will ring the opening bell on November 23, 2018 at 9:30am at the NASDAQ Market place in New York, NY. About Ideanomics Ideanomics (IDEX) is a global technology company focused...

by FTB News Desk

Insurance

Ideanomics Announces Ticker Symbol Change to IDEX and Earnings Call

October 30, 201810 min

Ideanomics (formerly: Seven Stars Cloud Group, Inc.) (NASDAQ: SSC) (“Ideanomics” or the “Company”), a leading global fintech and asset digitization services company is pleased to announce that it has received its new trading letters. Effective of November 12, 2018 the company will trade on the NASDAQ under the ticker symbol “IDEX“. Further, Ideanomics is pleased to announce the release of its 2018 third-quarter financial results on Wednesday, November 14, 2018. A press release will be issued at approximately 7am EST,...

by FTB News Desk

Institutional Investment Investments

Ideanomics Closes on Purchase of University of Connecticut’s Former West Hartford Campus

October 10, 201815 min

Ideanomics to convert former UCONN campus into Fintech Village: the company’s global headquarters for technology and innovation — A planned $283 million-plus investment will focus on being an ultra high-speed computing facility and laboratory for developing new and leading edge fintech solutions utilizing artificial intelligence, deep learning, IoT, and blockchain. — Fintech Village will stimulate the highest innovation by boasting the finest in urban design, sustainable and green technologies, and community connectivity factors. — Fintech...

by FTB News Desk

Asset Management Investments

Ideanomics signs joint venture to create a commodity and energy digital asset exchange

October 9, 20189 min

Ideanomics (formerly: Seven Stars Cloud Group, Inc.) (NASDAQ: SSC) (“Ideanomics” or the “Company”), a leading global fintech and asset digitization services company is please to announce it has entered into a joint venture agreement with TPJ Ltd, to create Ideanomics Resources LTD a U.K. company based in London. The 75% Ideanomics owned joint venture has been created to unlock value in the commodities and energy sectors by leveraging and utilizing the Ideanomics Platform-as-a-Service (PaaS) solutions, a suite...