A Tiny, Chinese-Tied Company Is Buying Up To $300M Of Trump Crypto
The Trump corruption just keeps on coming. We haven't finished digesting Trump’s $400 million “gift” jet from Qatar and now we're learning about an eyebrow-raising $300 million of foreign money going into Trump’s coffers. This bit of Trump cash comes from a TikTok-related company with no revenue and only eight employees.
From The New York Times:
A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week. It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump.
GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, the Chinese-owned video-sharing app.