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Chinese Gamer-Networking App Nears SPAC Merger in Hong Kong

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Updated Dec. 7, 2023 10:17 pm ET

A Chinese social-networking platform aimed at Gen Z users is nearing a deal to go public by combining with a blank-check company listed in Hong Kong.

Quwan Holding’s deal with the special-purpose acquisition company, Vision Deal HK Acquisition, is set to be announced as early as Friday, assuming talks don’t fall apart, people familiar with the matter said.

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