Chinese company linked to TikTok bought $300,000,000 of $TRUMP Coin

By: forexlive|2025/05/14 02:15:05

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!

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