TD Holdings to acquire Tongdow E-Commerce Group.

TD Holdings, a commodities trading service provider, offered to acquire Tongdow E-Commerce Group, a B2B digital e-commerce platform for commodities trading and integrated supply chain services headquartered in Shenzhen China. Financial terms were not disclosed. The company's planned acquisition of Tongdow Group is aimed to transform the company's bulk commodities trading platform using digital technology and to improve the company's profitability. Following the completion of the planned acquisition, the company's goal is to build an ecosystem of digital e-commerce platforms through digital management, operation of global commodities, layout of 5G smart-warehouses, and to provide in-depth services that meet the various needs of its customers.