NetworkNewsBreaks – Ideanomics (NASDAQ: IDEX) Announces Formation of Two Core Business Entities to Capitalize on China’s RMB24 trillion (USD3.4 trillion) “New Infrastructure” Investments
Ideanomics (NASDAQ: IDEX) on Friday announced the formation of two core business entities to capitalize on China's RMB24 trillion (USD3.4 trillion) "New Infrastructure" investments. According to the update, the two entities, MEG New Energy Vehicles and MEG 5G Energy Services, will be subgroups of MEG's New Energy Sales division, each having a core group of strategic partners. As part of the financial stimulus measures put in place to help stabilize growth and employment, serve consumption upgrades and improve overall quality of life, the Chinese government is accelerating its “New Infrastructure" investment. As of March 4, seven provinces and cities have…







