NYC-Based Chinese Fintech Firm To Establish Global HQ In West Hartford

Bruno Wu, executive chairman and CEO of Seven Stars Cloud Group, announced his company’s plans to establish its corporate headquarters in West Hartford, CT on Tuesday.

HARTFORD, CT—Seven Stars Cloud Group, Inc., which recently consolidated its US headquarters operations at 55 Broadway in New York City, has struck a deal to eventually establish its global corporate headquarters at a former University of Connecticut campus in West Hartford.

The deal was announced on Tuesday by Seven Stars Cloud Group officials and Connecticut Gov. Dannel Malloy. The State of Connecticut is supporting the $283-million project with a $10-million loan from the Department of Economic and Community Development’s Connecticut First Five Plus program to be used for capital renovations to the site’s existing structures. The loan may be forgiven if job targets are reached, state officials said. No timeline on the completion of the project was released.