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materiality 0.60
Connexa Sports subsidiary signs content creation MCN agreement with TikTok for MENA region
AIRWA INC.
- Majority-owned subsidiary Yuanyu Enterprise Management (YYEM) signed an MCN agency services agreement with TikTok.
- Agreement covers creation and sale of live-streamed and video content for TikTok users in the Middle East and North Africa.
- Content categories include sports, gaming, and lifestyle, produced by Twitch hosts and influencers within YYEM's network.
- Fees depend on conversion rate by TikTok end-users; TikTok penetration exceeds 120% in UAE and Saudi Arabia.
- Chairman Hongyu Zhou expects new revenue streams and further social networking opportunities for YYAI.