Scienjoy To Acquire Top-tier Online Live Streaming Platform Hongle.tv And Expand NFT Business Scope

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By PR Newswire BEIJING, Dec. 29, 2021 /PRNewswire/ — Scienjoy Holding Corporation (“Scienjoy”, the “Company”, or “We”) (Nasdaq: SJ), a leading live entertainment mobile streaming platform in China, today announced that it has entered into an equity acquisition framework agreement (the “Agreement”) to acquire 100% equity interest in Beijing Weiliantong Tech Co., Ltd (“Weiliantong”), which holds Hongle.tv, and 100% equity interest in Golden Shield Enterprises Limited (” Golden Shield”), which holds the NFT business for a total consideration of RMB280 million (approximately US$43.8 million). The…

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