Latest news with #DayDayCook
Crypto Insight
3 days ago
- Business
- Crypto Insight
Animoca Brands partners with DDC Enterprise to put BTC treasury to work
Web3 company Animoca Brands signed a non-binding memorandum of understanding (MOU) with DayDayCook (DDC) Enterprise, a meal-prep and packaged food company that recently adopted a Bitcoin treasury strategy, to manage Animoca's BTC holdings and generate a yield on those reserves. Animoca will allocate up to $100 million in BTC as part of the deal, according to a joint announcement from Thursday. Animoca Brands co-founder and executive chairman Yat Siu told Cointelegraph that DDC Enterprise was chosen in part because of CEO Norma Chu and her ability to cultivate a 'substantial non-crypto following,' introducing the asset sector to the general public, which may not have had an interest in crypto otherwise. Siu also said: 'Her background and her experience enable Norma to bridge the East and West to successfully navigate markets on both sides of the planet; she has good appeal and connections to the Chinese market, one of the largest for crypto adoption, while also running a NASDAQ-listed company.' DDC Enterprise tipped its Bitcoin treasury plans in May, setting a goal to buy 5,000 BTC over three years. That same month, the company purchased 21 BTC for its corporate treasury. The Bitcoin treasury narrative continues to gain traction, as corporations adopt the supply-capped asset as a hedge against inflation, and, in some cases, reorient themselves to become Bitcoin holding companies. The proliferation of Bitcoin treasury firms has left investors divided about the effects of these companies on the market, with some arguing it will boost mainstream adoption and others warning that overleveraged BTC companies could trigger the next market meltdown. Bitcoin Treasury Strategy becomes a top trend in 2025 There are currently 268 institutions holding BTC on their balance sheets, including public companies, private enterprises, government organizations, asset managers, and crypto firms, according to BitcoinTreasuries. Public companies account for 147 of these 268 institutions, making them the largest category of institutional Bitcoin holders by a wide margin. Bitcoin treasury companies added 159,107 BTC in Q2 2025, valued at over $18.7 billion using current prices, and representing a 23% quarter-over-quarter increase in acquisitions. In June, cypherpunk and Blockstream CEO Adam Back said the Bitcoin treasury trend is the new altseason for crypto traders and short-term price speculators. 'Time to dump ALTs into BTC or BTC treasuries,' the CEO wrote in a June 22 X post. Despite the growth of BTC treasury options and the market hype, some market analysts and crypto firms warn that most treasury companies won't survive the next market downturn and will capitulate as soon as BTC prices begin to drop and cheap corporate financing options disappear. Source:
Business Wire
30-04-2025
- Business
- Business Wire
DDC Completes Joint Venture to Scale Ready-Made Meal Business with USD 15M Profit Commitment
NEW YORK--(BUSINESS WIRE)--DDC Enterprise, Ltd. (NYSEAM: DDC) ('DayDayCook,' 'DDC,' or the 'Company'), a leading multi-brand Asian consumer food company, today announced the completion of a joint venture (JV) with Hewen Agricultural Technology Limited ('Hewen'), a premium prepared-meal producer, to scale delivery of ready-to-eat (RTE) solutions for major e-commerce platforms, restaurant chains, and direct-to-consumer (DTC) brands. Hewen has committed to generating USD 15 million in profits for the JV over the next five years, with annual dividends distributed to shareholders. The JV, in which DDC owns 51% will be consolidated under DDC's subsidiaries, is expected to expand production capacity and distribution reach across China's fast-growing RTE sector. 'This partnership accelerates our mission to redefine convenience in Asian cuisine,' said Ms. Norma Chu, Chairwoman and CEO of DDC. 'By combining DDC's innovation-driven brands with Hewen's localized production expertise, we're poised to capture the surging demand for high-quality, health-focused meal solutions across China's digital and offline ecosystem.' 'Our collaboration with DDC marks a transformative step for China's prepared-food industry,' added Mr. Wenbo Qin, CEO of Hewen. 'With aligned priorities in quality and scalability, this JV will set new benchmarks for culinary excellence and operational efficiency.' Under the terms of the JV, DDC will issue 800,000 restricted shares to Hewen, which will be released annually upon the JV achieving its profit targets of over RMB 100 million (USD 15 million) in total from 2025 through 2029. Dividends will be distributed to shareholders proportionally after annual profit milestones are met. The shares will be issued within 10 business days of the JV's establishment and unlocked incrementally as Hewen fulfills its commitments. Operational Highlights: The JV will leverage Hewen's production infrastructure and R&D capabilities to expand distribution to platforms like Douyin (TikTok), restaurant chains, and DTC brands. Hewen guarantees annual post-tax profits exceeding RMB 20 million (USD 3 million), totalling RMB 100 million (USD 15 million) over 5 years, reinforcing the partnership's financial viability. The collaboration strengthens DDC's foothold in China's RTE market, projected to grow at double-digit rates through 2030. ABOUT DAYDAYCOOK DayDayCook is on a mission to share the joy of Asian cooking culture with the world, offering a suite of accessible and healthy ready-to-eat, ready-to-cook, and ready-to-heat products that cater to the global palate. DayDayCook has evolved from a culinary content authority to a multi-brand powerhouse, curating a broad range of products that champion authenticity, nutrition, and convenience. The company's growing portfolio includes DayDayCook, Nona Lim, Yai's Thai, Omsom, MengWei, and Yujia Weng. Follow the Company on LinkedIn. ABOUT HEWEN Hewen Agricultural Technology was founded in 2015, specializes in producing pre-made and convenience meal solutions providing catering services and RTE products, emphasizing health, convenience, and premium quality. Its customer base includes renowned brands like Haidilao, Xi Bei, and Dingdong Maicai, the company delivers standardized culinary solutions while maintaining a focus on innovation and market expansion. Committed to shaping healthier trends in Chinese cuisine, it continues to strengthen its industry leadership through advanced production know-how and customer-centric offerings. Forward-Looking Statements Certain statements in this press release are forward-looking statements, including, for example, statements about completing definitive agreements with Hewen Agricultural Technology to form a joint venture to expand sales and distribution network in the Mainland China market, NYSE and SEC compliance, estimated revenue, margins, cash and growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'likely to' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
Yahoo
11-04-2025
- Business
- Yahoo
DDC CEO reassures investors amid week of global market turmoil
Norma Chu, CEO of Asian consumer food company DayDayCook (DDC), has moved to reassure investors following what she described as a week of 'unprecedented volatility in global markets'. On Friday (4 April), the NYSE-American halted trading of DDC shares, which were trading below $0.10 per share 'amid a broad market sell-off'. In a letter to shareholders yesterday, Chu said: 'While such market movements are disconcerting, I want to assure you that your board and leadership team acted decisively to safeguard shareholder value.' To strengthen market positioning, the company's board 'unanimously' approved a 1:25 reverse stock split on Friday. The decision, previously ratified by shareholders, is 'designed to elevate our share price to a more acceptable trading range', Chu added. The 1:25 reverse split will reduce Class A Ordinary Shares from 79 million to 3.2 million, raising par value to $0.40. Trading is expected to resume on 21 April under the symbol DDC with a new CUSIP. The news comes as US President Donald Trump raised the tariff charged to China by the US to 125% and authorised a 90-day pause on his plans for tariffs for more than 75 nations. In a post on Truth Social, Trump said: 'Based on the lack of respect that China has shown to the world's markets, I am hereby raising the tariff charged to China by the United States of America to 125%, effective immediately.' A 10% baseline tariff for all US imports, which came into effect over the weekend, will remain. The additional tariffs were due to be effective for a long list of countries including China, the UK, Japan and EU, from yesterday. Addressing the 'noise' created by tariffs and geopolitical tensions, Chu said 'DDC is well-insulated from these risks'. The chief highlighted that, in 2024, 80% of Hong Kong-based DDC's revenue was generated from China's domestic market, where it produces and sells locally. DDC's 'growing' export business focuses on Southeast Asia, protecting it from US tariff-related disruptions, she explained. DDC, which listed on the NYSE in 2023, offers a range of ready-to-cook, ready-to-heat, and ready-to-eat (RTE) products through brands such as Nona Lim, Yai's Thai, Omsom, MengWei, and Yujia Weng. Additionally, a joint venture in China, with a committed net profit of 110.25m yuan ($15m) over five years, is expected to boost growth. Earlier this month, DayDayCook announced a venture with China-based ready-meals producer Hewen Agricultural Technology to scale RTE solutions for e-commerce, restaurant, and DTC channels in China. While the US contributed 20% of DDC's revenue last year, the company expects this segment to remain a 'smaller, stable contributor'. DDC also plans to pursue growth opportunities in Asian markets, maintaining a separate US domestic supply chain. Looking ahead, Chu described 2025 as a 'transformational year' for the business, citing key developments such as the company's return to full SEC and NYSE compliance, her increased personal stake in the business, and a move to diversify corporate reserves through cryptocurrency investment. 'We plan to complete the initial Bitcoin injection in the next 30 days and moving forward we have a commitment for additional injections of Bitcoin at even more favourable share prices as we grow,' she said. "Market fluctuations often obscure fundamentals. Today, DDC is stronger operationally, financially, and strategically than at any point in our history. Our China-centric model, fortified by strong local demand and regional exports, offers stability and growth in uncertain times. While I cannot dictate market sentiment, I urge you to focus on our execution: we are controlling what we can, with urgency and precision." "DDC CEO reassures investors amid week of global market turmoil " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
