NEW YORK, Aug. 15, 2017 /PRNewswire/ -- Seven Stars Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company") today provided an updated chart and overview on its business ecosystem.
CEO Bing Yang stated, "With the speed and breadth in which SSC's business expansion, transformation and partnerships have been developing for 2017 and beyond, I wanted to take this opportunity to revisit, reset and reemphasize the B2B Intelligent Industrial Internet ("3I") platform we are creating and provide both a visual chart and summary for reference and further clarity."
There are 2 key cloud-based engines that will power SSC's 3I business solution and platform for business and trade enterprises. Both of these engines will function to provide industrial clients with a closed exchange ecosystem for buyers and sellers designed to eliminate supply chain and transactional middlemen and create a more direct and margin-expanding trading path for all principals involved in a transaction:
- VPaaS: Supply Chain Management
- Digital Finance Services and Solutions: Supply Chain Finance and Asset Backed Securitization Services)
For its dual engine offering, SSC is currently partnering with some vertical industries that are key to any advanced economy's GDP: energy (Ocasia Partnership), cross-border trade, consumer electronics (Wide Angle Group and China Electronic Chamber of Commerce Partnership), big commodities (Beijing Urban Construction Holding Materials Industry Co. Partnership). The global B2B market size of these industries that SSC is partnering with exceeded $415 trillion in 2016.
VPaaS: Using AI and Blockchain technology, VPaaS will offer a single platform for the use by for a host of trade-related functions including but not limited to: Supply Chain Management, CRM, VR/MR (virtual and mixed reality) Exhibition & Demonstration Systems and Industry-Specific Data Analysis.
Digital Finance Services & Solutions: SSC will provide the same key industries and commercial enterprises with two finance-related platforms:
- Global Supply Chain Finance which includes SSC's Global Cornerstone Fund (underwritten by several partnership funds previously announced and more to be announced);
- Digital Asset Tokenization & Exchange Platform (via SSC's partnership with NexGen and the Delaware Board of Trade), focused on Asset-backed Securities (ABS) & Exchanges (indexes, ICOs or tokenizations, ETFs and derivatives)
About Seven Stars Cloud, Inc. (http://corporate.sevenstarscloud.com/)
Seven Stars Cloud Group, Inc. (NASDAQ: SSC) is aiming to be a leading Intelligent Industrial internet ("3I") solution provider for commercial enterprises.
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
VP, Strategy & Investor Relations
Seven Stars Cloud Group, Inc.
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SOURCE Seven Stars Cloud Group, Inc.