A lot of reassurance in the Quarterly for once. Clear and...

A lot of reassurance in the Quarterly for once. Clear and concise. We all know there are issues over in China right now.

Chinese Regulatory Changes
The recent policy measures imposed by Chinese government in China has been recently
referenced in the media as having a potential detrimental effect on the growth and development
of technology companies.

To be clear, FTC strictly adheres to the laws and regulations of China as is required under its
licensing approvals. FTC provides state-of-the-art technologies and services to banks
/merchants and their consumers in an open and transparent environment.

FTC’s senior management consider the recent policy measures, rectifying China business
environment (such as antitrust), imposed by the Chinese Government are fair and will have a
positive influence on the long-term social and economic development of Chinese business and
the community at large. For instance, the anti-trust principles including privacy of personal user
information and non-SOE competitive behaviour is embedded in T-LinxTM framework. As a
result, changes in the policies in China should not affect FTC’s current business and future
plans.
New form of SaaS cloud service - collaboration with Tencent Cloud

FTC has been working on pilot testing programs with Tencent Cloud since February 2021 to
jointly launch financial-based cloud service solutions. This new promotion model in Tencent
Cloud ecology will accelerate FTC’s T-LinxTM SaaS service platform adoption to broader client
basis (banks, corporates, manufacturers, merchants, SME, and personal use) . The initial pilot
testing has produced positive feedback.

Wonder when we will hear about the outcome from this? Definitely Rubbing shoulders with the giants.

Market capitalization of Tencent (TCEHY)Market cap: $592.13 Billion As of August 2021 Tencent has a market cap of $592.13 Billion. This makes Tencent the world's 10th most valuable company by market cap according to our data.

GL all