Ideanomics

Ideanomics is a financial technology company that was founded in 2017 by Bruno Wu.[3] The company headquarters are located in New York City, with offices in Beijing, Guangzhou, and Qingdao, China. Wu stepped down as the company's executive chairman in December 2020.[4]

Ideanomics, Inc.
Formerly
  • Alpha Nutraceuticals Inc
  • Alpha Nutra Inc
  • China Broadband Inc
  • Gallery Rodeo International
  • Seven Stars Cloud Group, Inc.
  • Sierra Rockies Corp
  • Wecast Network, Inc.
  • You On Demand Holdings, Inc.
[1]
TypePublic
NASDAQ: IDEX
Russell 2000 Index component
Founded2017 (2017)[2]
Key people
Alf Poor (CEO, Interim Chairman)
Websiteideanomics.com

History

Ideanomics has received criticism for frequently changing its name and its "promotional story", relying heavily on buzzwords and hype.[5] The company was formerly called Seven Stars Cloud Group, and before that WeCast, You on Demand Holdings, and China Broadband.[5]

In 2019, Ideanomics bought a majority share of the Delaware Board of Trade, a startup "penny stock" exchange.[6] The exchange was closed in April 2020.[7]

Most recently Ideanomics has shifted its focus from financial services to the electric vehicle sector.[8] In 2020, the company was the target of multiple reports by short-sellers questioning the existence and viability of its electric vehicle business.[9]

References
  1. SEC.gov
  2. "Founder's Story". Ideanomics, Inc. Retrieved 2021-01-20.
  3. "Founder's Story". Ideanomics, Inc. Retrieved 2021-01-20.
  4. Ideanomics. "Ideanomics Announces Director Changes". www.prnewswire.com. Retrieved 2021-01-20.
  5. Singer, Stephen. "Analysts rip financial tech company Ideanomics that abandoned plans for West Hartford's UConn campus". courant.com. Retrieved 2021-01-20.
  6. Baker, Karl (2019-05-15). "Controversial Delaware stock exchange sold to company founded by pro wrestler". Delaware Online. Retrieved 2021-01-20.
  7. "Shuttered Delaware stock exchange repays $3M county loan - DBT". Delaware Business Times. 2020-11-25. Retrieved 2021-01-20.
  8. "West Hartford's Right of First Refusal for Ideanomics Property Expires, Offers Under Review". We-Ha | West Hartford News. 2020-12-31. Retrieved 2021-01-20.
  9. Brindley, Emily. "Ideanomics fights back against accusations of fraud, in saga that stretches from China to West Hartford". courant.com. Retrieved 2021-01-20.

Official website

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.