New York Times (gated) with the report:
- A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week.
- It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump.
- GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, a Chinese-owned video-sharing app.
Nothing suss!
This article was written by Eamonn Sheridan at www.forexlive.com.
