XI'AN, China, Aug. 23, 2018 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT), a financial technology company and integrated producer of fruit-related products company, today announced the launch of fruit and vegetable meal replacement powder under the Company's Hedetang brand called Xian Mei Duo, a natural and nutritious product that could help people's weight control.
Referring to the ancient recipe of China, Xian Mei Duo adopts kiwifruit or mulberry as the main ingredient and is roasted at a low temperature with oat, semen cassia, lotus leaves and white beans.
Because meal replacement powder is able to help people gain the nutrition and energy that human body needs without a formal dinner in a short time, it becomes more and more popular in the current fast pace life style. Meal replacement powder is popular among the white-collars, civil servants, certain patients, the elders, athletes, bodybuilders and students in China. According to the Report of 2017-2022 Market Survey Analysis and Development Strategy Consulting of China's Meal Replacement Powder Industry (the "Report of 2017-2022 Market Survey"), the demands for meal replacement powder in China were over RMB 4 billion in 2016. With the rapid development of market, the number of the companies producing meal replacement powder also has increased significantly. With the increasing popularity of meal replacement powder products, it is predicted that the growth rate of meal replacement powder industry in the next five years will between 17%-23% and the size of the meal replacement powder market in China will reach RMB 11.7 billion, according to the Report of 2017-2022 Market Survey. We believe the meal replacement powder market has a promising future in China.
Xian Mei Duo fruit and vegetable meal replacement powder will be sold through the traditional e-commerce channel of Hedetang. The Global Shared Mall platform will also be a platform to sell the products after it is completed for construction and in operation.
"Featuring balanced nutrition and convenient to eat, Xian Mei Duo may bring health and fitness to the consumers. This is another active attempt and great breakthrough for the Company. The Company will seize the opportunity and open new perspectives for our products in China. In the meantime, the Company will keep its long term concept of healthy foods and use its research and development ability to provide more healthy and quality products for consumers. " said Mr. Yongke Xue, Chief Executive Officer and Chairman of Future FinTech.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is incorporated in Florida and engages in fruit juice and financial technology businesses. The Company engages in the research and development of digital asset systems based on blockchain technology and also operates an incubator for application projects using blockchain technology. The Company and its subsidiaries are developing blockchain technology and cryptocurrencies for a variety of B2B and B2C real-life applications including a variety of financial businesses and the distribution, marketing and sale of consumer products. FTFT is also developing an operational online shopping mall platform utilizing blockchain technology and the shared economy. For more information, please visit http://www.ftft.top/.
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