Ideanomics Announces Ground-breaking Joint Venture with Asia Times, Takes 10% Ownership Stake

NEW YORK and HONG KONG, Sept. 12, 2018 /PRNewswire/ -- Ideanomics (Seven Stars Cloud Group, Inc.) (NASDAQ: SSC) ("Ideanomics" or the "Company"), a leading global fintech and asset digitization services company focused on digital asset production and distribution, is pleased to announce a Joint Venture (JV) with Asia Times Holdings (http://www.atimes.com/), to be named Asia Times Financial Limited.

Asia Times Financial will focus on the digital economy, through asset digitization indicators and derivative product production, providing next-generation financial information services through a combination of AI-enabled financial data and analytics that will be delivered to the investor community via end-to-end encrypted instant messaging services that can work in parallel with blockchain-based financial services. The unique partnership of digital asset production, trading, and data, with branded indices, research and networking, delivered over direct messaging channels, will create a community for investors in the digital economy and enable the transparency required for modern risk management and investment strategy decision-making.

Under the terms of the JV deal, Ideanomics will invest into the joint venture and become a significant shareholder of Asia Times Holdings, which is the world leader in providing online English language geostrategic, business and financial news on Asia. Asia Times will serve as a brand for the joint venture, as well as an investor outreach platform for Ideanomics.

This joint venture is a significant step towards bringing digital asset investment opportunities to the mainstream financial community, and is part of Ideanomics' global strategy as the hub for asset holders looking for liquidity from their asset base through digitization, fractionalization, and tokenization.

Bruno Wu, Chairman and Co-CEO of Ideanomics "This is a tremendous step towards pulling digital offerings into the mainstream. Until now, investors have had little more than a gut feeling to drive their investment decisions in digital offerings. This joint venture with Asia Times will enable the markets to gain the transparency they require, through advanced information and data more typically seen in traditional investment products. We are absolutely delighted to be working with the team at Asia Times to make this a reality, and bring much-needed transparency and credibility for the benefit of the entire investment community."

Uwe Parpart, Chairman of Asia Times, will oversee the new Asia Times Financial venture and remarked "We are going to be providing a next-generation financial information service that is powered by AI-enabled financial data analytics and a secure end-to-end, encrypted, messaging system. This is a natural progression for digital markets, which are maturing rapidly and continue to attract a widening investor base. The implementation of indexes, analytics, and other key data points, which underpin risk management are critical to ensure the digital economy moves away from its wild west persona of recent years. By applying a trusted brand, Asia Times, to the production of these benchmarks and creating Asia Times branded market indices we are enabling the next stage of growth in digital markets, which is the introduction of financial information services to help facilitate institutional investor adoption of digital assets."

About Ideanomics

Ideanomics (Seven Stars Cloud Group, Inc.), NASDAQ: SSC) (http://www.ideanomics.com/)

Ideanomics is determined to become one of the most prominent global digital asset providers. Relying on its core base of fintech and digital asset production and services-based ecosystem enablement, Ideanomics is committed to delivering the best digital assets via the best underlying technology. This approach will drive capital formation and sales across our digital asset ecosystems.

Ideanomics customizes its technology platform for various business use cases, operates the Platform-as-a-Service (PaaS), and partners with businesses that deliver core digital asset products.

We are focused on delivering a global multi-layer technology infrastructure ecosystem that issues, trades, and settles digital asset transactions. We will leverage direct sales channels and automated sales systems via digital asset exchange platforms which is inclusive of decentralized exchanges to realize digital asset distribution, social media, traditional regulated broker dealer network as well as institutions as direct clients.

About Asia Times Holdings

Asia Times is the world's only combined Local and English-language, pan-Asia news platform. Fully relaunched two years ago by a new management team, Asia Times has since witnessed rapid readership expansion as Asia's fastest growing news outlet, rising to over 18 million pageviews by more than six million users a month

Asia Time's pan-Asian coverage and reach is being driven by its three news rooms and corresponding social media and multimedia teams, in Bangkok, Hong Kong and New Delhi, and its bureaus in Beijing, Beirut, London, New York, and Seoul.

The Asia Times network spans country-specific news sites for China, Hong Kong, India, Indonesia, the Philippines, Singapore, Taiwan and Vietnam and it currently publishes in English, Filipino, Bahasa Indonesia, Vietnamese and Traditional and Simplified Chinese.

By the end of 2018, it will also be also be publishing in Korean, Thai and Arabic and a bespoke AI driven transliteration will soon be delivering news in the Bengali , Hindi and Urdu scripts, further expanding the Asia Times reach in India, Bangladesh and Pakistan..

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.

Media Contacts
Ideanomics
Email: [email protected]

IR Contacts
Federico Tovar, CFO Ideanomics
Chad Arroyo, CMO and CPO Ideanomics

Email: [email protected]

SOURCE Ideanomics

Related Links

http://www.sevenstarscloud.com

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