Shares of GD Culture Group Ltd. GDC, blasted 92.5% higher in active premarket trading Monday, after the Hong Kong-based company said it plans to enter the live-streaming e-commerce business launched on the social media platform TikTok. Trading volume ballooned to 7.7 million shares, which compares with the full-day average over the past 30 days of about 44,200 shares.
and AI Catalysis Corp. “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.” GD Culture’s stock had popped up on investors’ radar on May 1, when it skyrocketed 1,140% despite no news being reported, as one of a number of small-capitalization China-based companies that attracted investor attention. The stock has tumbled 42.8% over the past three months through Friday, while the iShares MSCI China ETF MCHI, has slipped 2.