GD Culture Group Limited Expands Grids of the Future Portfolio with TikTok to Drive Growth of Live-Streaming E-Commerce Business Segment
28 Agosto 2023 - 7:00AM
GD Culture Group Limited (“GDC” or the “Company”), a holding
company currently conducting business through Shanghai Highlight
Media Co., Ltd. and AI Catalysis Corp. (“AI Catalysis”) today
announced the launch of live-streaming e-commerce business on
TikTok, a popular social media platform mostly based on
entertainment. AI Catalysis expects to expand grids of the future
portfolio on TikTok to drive growth of live-streaming e-commerce
business segment.
By fusing entertainment and online shopping,
TikTok’s live-streaming e-commerce is well on its path to reshaping
the e-commerce landscape worldwide. According to Business of Apps,
TikTok generated an estimated $9.4 billion in revenue in 2022, a
100% year-on-year increase, and had 1.4 billion monthly active
users in 2022 and is expected to reach 1.8 billion by the end of
2023. TikTok is now available to over 155 markets and in 75
languages.
AI Catalysis aims to capture the essence of this
popular trend of TikTok. It emphasizes curated product offerings
and ensures seamless delivery, aiming to redefine the online
shopping experience. The assortment of products, coupled with
real-time interaction, is anticipated to strike a chord with a vast
consumer base.
Mr. Xiaojian Wang, Chairman and Chief Executive
Officer of the Company, commented, “The global e-commerce paradigm
is shifting. With our TikTok live-streaming initiative, GDC aspires
to not only be a part of this evolution but to be a leading voice
in it.”
About GD Culture Group
Limited
GD Culture Group Limited (“GDC” or the
“Company”) is a holding company currently conducting business
through Shanghai Highlight Media Co., Ltd. (“Highlight Media”) and
AI Catalysis Corp. (“AI Catalysis”). Highlight Media, founded in
2016, is an integrated marketing service agency, focusing on
serving businesses in China in connection with brand management,
image building, public relations, social media management and event
planning. AI Catalysis plans to enter into the livestreaming market
with focus on e-commerce and livestreaming interactive games. For
more information, please visit the Company's website at
https://www.gdculturegroup.com/.
Forward-Looking Statements
This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations and projections about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
For investor and media inquiries, please
contact:
Ascent Investor Relations
LLCTina XiaoPhone: +1-917-609-0333 (U.S.)Email:
tina.xiao@ascent-ir.com
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