Financial Wire

Wai Chun Eyes Creator Economy Venture With Xavvi US; Shares Surge 209%

-- Wai Chun (HKG:1013) said it entered into a cooperation agreement with Xavvi U.S. to establish a platform company targeting the global creator economy, according to a Monday Hong Kong bourse filing.

Shares of the firm were up more than 209% in Tuesday morning trade.

Wai Chun will hold a 60% stake in the platform entity, with Xavvi U.S. holding the remaining 40% and being responsible for operations, business development, and management.

The platform will focus on monetising influencer traffic across platforms such as TikTok, Instagram, and YouTube, leveraging a network of nearly 100 content creators.

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