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Investing.com -- Pop Culture Group Co Ltd (NASDAQ:CPOP) stock rose 3.8% on Thursday after the company announced a strategic partnership with Xiamen Fu Xiang Culture Communication Co., Ltd. to develop a cultural center focused on cross-strait exchange.
The two companies plan to build the Two Sides Greater Bay Area Hualiu Music, Film and Television Cultural Center in Xiamen, China. The initiative aims to create a platform for youth cultural exchange between mainland China and Taiwan while developing integrated offerings across cultural tourism, education, performing arts, and film production.
According to the agreement, Pop Culture will contribute its expertise in Hualiu culture, content production capabilities, and market channel resources. Fu Xiang Culture will leverage its position as a facilitator of cross-strait cultural exchanges and its local resource network.
"We expect that this cooperation will not only create a trendy playground where youth from both sides of the strait can ’play together,’ but also become an incubator where they can ’create together’ and a propeller for them to ’pursue careers together’," stated representatives from both companies.
The partnership aims to establish a comprehensive audio-visual industry base that serves as a benchmark for youth cultural exchange across the Taiwan Strait. The companies described the initiative as both a commercial collaboration and a socio-cultural project focused on building a new ecosystem for cross-strait youth engagement.
Pop Culture Group , which trades on the Nasdaq under the ticker CPOP, specializes in Chinese youth culture and entertainment.
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