Yuanyu Enters $4 Billion Matchmaking Market, Signs $30 Million Licensing Agreement
Connexa Sports Technologies Inc. (YYAI)
Company Research
Source: GlobeNewswire
Yuanyu enters into exclusive license agreement covering Hong Kong, Japan, Korea, and Southeast Asia.Agreement is expected to generate in excess of $30 million in license income for YYEM through the end of December 2026. The global online dating market is estimated to be $4 billion currently, with nearly 140 million users by 2029.1 Windsor Mills, MD, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq:YYAI) the 20% owner of Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based entity focused on the global Love & Marriage sector, today announced that it has entered into an exclusive license agreement with Guofu Enterprise Management Co., Limited, a Hong Kong-based entity, covering Hong Kong, Japan, South Korea, and Southeast Asia (in particular, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam). Building on an earlier term sheet, this agreement calls for minimum royalty payments to YYEM of mo
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- CONNEXA HAS CLOSED THE ACQUISITION OF A FURTHER 50% OF YYEM AND CONFIRMS THAT TRADING OF THE POST-ACQUISITION YYAI WILL COMMENCE FRIDAY, NOVEMBER 22, 2024 [Yahoo! Finance]Yahoo! Finance
- CONNEXA HAS CLOSED THE ACQUISITION OF A FURTHER 50% OF YYEM AND CONFIRMS THAT TRADING OF THE POST-ACQUISITION YYAI WILL COMMENCE FRIDAY, NOVEMBER 22, 2024GlobeNewswire
- CORRECTION NOTICE OF PRESS RELEASE ANNOUNCING RECEIPT OF NASDAQ APPROVAL TO ACQUIRE YUANYU ENTERPRISE MANAGEMENT [Yahoo! Finance]Yahoo! Finance
- CORRECTION NOTICE OF PRESS RELEASE ANNOUNCING RECEIPT OF NASDAQ APPROVAL TO ACQUIRE YUANYU ENTERPRISE MANAGEMENTGlobeNewswire
- CONNEXA RECEIVES NASDAQ APPROVAL TO ACQUIRE YUANYU ENTERPRISE MANAGEMENT [Yahoo! Finance]Yahoo! Finance
YYAI
Sec Filings
- 12/13/24 - Form 10-Q
- 12/13/24 - Form 3
- 12/13/24 - Form 3
- YYAI's page on the SEC website