$YHC

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LQR House Unit Signs Agreement With ByteDance to Buy AI Computing Power

LQR House (YHC) said Tuesday its YHC AI subsidiary has signed a two-year agreement with ByteDance's BytePlus to buy artificial intelligence computing power.The AI computing power will be used to boost the research and quantitative-modeling capabilities of LQR House's unit Fusion Five Continents Securities, LQR House said.The computing power will also be used to create promotional videos for Fusion Five Continents Securities, the company said.Financial details were not provided.LQR House shares were down 83% in morning trading.Price: $0.16, Change: $-0.77, Percent Change: -82.80%

$YHC

Wire28d ago

LQR House Takes Controlling Stake in Fusion Five Continents Securities

LQR House (YHC) said Tuesday it acquired an additional 30% stake in Fusion Five Continents Securities for $39 million in USDT, increasing its ownership above 50% and making the brokerage a controlled subsidiary.The alcohol-focused e-commerce company said it expects to consolidate Fusion Five's financial results into its earnings reports.LQR House said Fusion Five operates a licensed brokerage platform that offers artificial intelligence-based research, portfolio tools, and trading services across US and Hong Kong equity markets.The platform allows account funding and settlement using USDT through arrangements with a licensed Hong Kong securities broker, according to LQR House.Shares of LQR House were down more than 39% in early trading Tuesday.Price: $0.54, Change: $-0.35, Percent Change: -39.34%

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