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The Independent UK

World

Isabel Keane

A tiny TikTok creator company with no revenue and ties to China plans to buy $300million in Trump’s memecoin

Donald Trump TikTok China

GD Culture Group, a small technology company with ties to China, announced its plans to buy as much as $300 million of $TRUMP — President Donald Trump’s memecoin.

The firm, which employs eight people, produces short videos for the Chinese-owned social media app, TikTok. While the company recorded no revenue last year, it announced this week that a mysterious stock sale would allow it to invest in Trump’s memecoin, The New York Times reported.

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