$300 million bet? TikTok-connected startup with zero revenue and China links eyes massive stake in Donald Trump’s memecoin

A small China-linked tech firm with no revenue recorded last year now intends to make a huge bet on US president Donald Trump's memecoin called, $TRUMP, as per a Is Making the Bet?GD Culture Group, which is listed on Nasdaq and makes short videos for Chinese-owned app TikTok and has only eight employees, outlined plans to purchase up to $300 million of $TRUMP and Bitcoin, as per an Independent report. Where Is the Money Coming From?The purchase will reportedly be financed by a sale of stock to an unnamed party based in the British Virgin Islands, a notorious tax haven, according to the report. The company gave no information regarding how the financing was arranged or who the buyer would be, as per the Independent.