Youxin Technology Stock Jumps After $10.8 Million TikTok Partner Deal: What Is Behind the Move
Youxin Technology Ltd saw its Nasdaq shares surge over 100% Monday, fueled by news that the Chinese retail software firm will acquire an 18% interest in YATOP Group Limited—a TikTok ecosystem partner—in a $10.8 million all-share deal. The agreement, finalized April 21, appeared in a Form 6-K filing with the U.S. Securities and Exchange Commission on April 27.