GDC Discontinues Livestreaming Gaming Business
27 Janeiro 2025 - 10:00AM
GD Culture Group Limited (“GDC” or the “Company”) (Nasdaq: GDC),
and its subsidiary, AI Catalysis Corp. (“AI Catalysis”), today
announced its decision to discontinue its online livestreaming
gaming business after conducting a comprehensive assessment. While
this decision marks a significant shift, previously released games
and related content will remain operational but will no longer
receive updates.
The move aligns with the Company's broader
strategy to optimize resources and focus on areas with greater
long-term potential. Launched 18 months ago, the livestreaming
gaming business capitalized on an exciting and rapidly evolving
industry. During this period, the community of players, streamers,
and stakeholders played a vital role in the platform's success,
contributing to engaging gaming experiences that reached global
audiences through social media.
Mr. Xiaojian Wang, Chairman and Chief Executive
Officer of the Company, commented, “We are deeply grateful to our
loyal community of players, streamers, and stakeholders who have
supported our efforts over the past 18 months. Their passion,
creativity, and dedication of our community have been instrumental
in delivering engaging gaming experiences. This decision is part of
a broader strategy to prioritize our resources and efforts on
products and initiatives that best align with our long-term vision
and customer needs. While it was not an easy decision, this
transition allows us to refocus on areas of greater strategic
importance. We remain committed to ensuring a smooth and
transparent process for all stakeholders.”
To stay informed on updates, please visit the
Company’s website at www.gdculturegroup.com.
About GD Culture Group Limited
GD Culture Group Limited (the “Company”)
(Nasdaq: GDC), is a Nevada company currently conducting business
mainly through its subsidiaries, AI Catalysis Corp. (“AI
Catalysis”) and Shanghai Xianzhui Technology Co, Ltd. The company
plans to enter into the livestreaming market with focus on
e-commerce through its wholly owned U.S. subsidiary, AI Catalysis,
a Nevada corporation incorporated in May 2023. The Company’s main
businesses include AI-driven digital human technology,
live-streaming e-commerce business. 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:
+1-646-932-7242Email: investors@ascent-ir.com
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