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I checked, UTime has a market cap of five million dollars.
This isn't UTime acquiring Feixiaohao, it's Feixiaohao doing a reverse merger, right?
I remember Feixiaohao was doing pretty well before 2020, then suddenly disappeared from sight after that.
At the end of 2024, it was exposed that the original team sold Feixiaohao, but the buyer didn't pay the remaining amount. Eventually both sides ended up trading insults over it.
Is the current Feixiaohao being managed by the new team or the old team?
Is this brand really worth making such a big fuss over?