Through subsidiaries in China, TD Holdings, Inc. currently engages in commodity trading business (the "Commodities Trading Business") and supply chain service business (the "Supply Chain Service Business") in China. The Commodities Trading Business primarily involves purchasing non-ferrous metal product from upstream metal and mineral suppliers and then selling to downstream customers. The Supply Chain Service Business primarily has served as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading. TD Holdings primarily generates revenues from bulk non-ferrous commodity products, and from providing related supply chain management services in the PRC.
The Commodity Trading Business primarily involves purchasing non-ferrous metal product, such as aluminum ingots, copper, silver, and gold, from upstream metal and mineral suppliers and then selling to downstream customers. In connection with TD Holdings' commodity sales, in order to help customers to obtain sufficient funds to purchase various metal products and also help upstream metal and mineral suppliers to sell their metal products.
Launched in December 2019, the Commodity Supply Chain Service Business is conducted through a wholly owned subsidiary incorporated in China. The subsidiary is engaged in the commodity supply chain service business and covers a full range of commodities, including non-ferrous metals, ferrous metals, coal, metallurgical raw materials, soybean oils, oils, rubber, wood, and various other types of commodities. It also has a supply chain infrastructure, which includes processing, logistics, warehousing and terminals. Utilizing its customer base, industry experience, and expertise in the commodity trading industry, we serve as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading.