Stocks from UK investment company Sealand Capital Galaxy Ltd skyrocketed 181 percent to 1.45p after it announced it would launch a joint venture with Chinese tech giant Tencent.
The partnership with Tencent subsidy Tengwuyang aims to build inroads for foreign businesses selling goods and services in China via popular Chinese video mobile platforms such as TikTok and Kuaishou, which have 400m and 216m daily active users, respectively, according to figures cited by Sealand Capital.
Other platforms such as WeChat Moment, Tencent Video and Weibo would also boost "consumer momentum in China" and would work with key opinion leaders and social influencers, according to the firm.