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GD Culture Group Limited has closed a private placement with investors, raising $2.8 million through the sale of 1,333,334 shares at $2.10 per share. The company plans to use the funds to enter the livestreaming market with a focus on e-commerce. The shares were sold under the exemption from the registration requirements of the Securities Act, and the Company has agreed to register the resale of the shares within 60 days.

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