Chinese Company Buys $300M Of Trump’s Grift Coin

The New York Times reports:

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.

But on Monday, GD Culture Group became the latest business with foreign ties to seize on Mr. Trump’s crypto venture, which channels profits directly to the Trump family and has generated conflicts of interest that have alarmed ethics experts.

Read the full article.

NEW: A small company with ties to China and relies on TikTok just bought up to $300 million worth of Trump’s memecoin.

Just another day with the most transparently corrupt president in history. pic.twitter.com/8axye5xwgs

— Republicans against Trump (@RpsAgainstTrump) May 14, 2025

c