9Gag, a privately owned company founded in 2008 and headquartered in Hong Kong, operates a social media platform featuring user-generated entertainment content. As of 2023, the company employs approximately 150 people and generates less than $100 million in annual revenue. While initially known for its social media presence, 9Gag has expanded into streaming services.
MemeStrategy, a Hong Kong tech investment firm, invested in Solana, acquiring 2440 coins on an unspecified date. This investment resulted in a 28.5% surge in MemeStrategy's share price, marking the firm as the first publicly listed company in Hong Kong to invest in Solana. MemeStrategy also pledged to stake Solana tokens to bolster network security and generate rewards. Separately, Ray Chan, co-founder of 9GAG, participated in a panel discussion on resilience and reinvention alongside other entrepreneurs at an unspecified date. Finally, MemeStrategy partnered with 9GAG to organize the annual MemeDay festival globally. This collaboration aimed to connect brands with digitally engaged audiences.
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