GD Culture Group Ltd (NASDAQ: GDC) is a Nevada-incorporated holding company that has operated AI-driven digital human creation, live streaming, and e-commerce businesses through subsidiaries including AI Catalysis Corp. and Shanghai Xianzhui in China. The company generates revenue through AI and virtual content generation technologies, though its online livestreaming gaming business was discontinued in January 2025 following a strategic review. As of the 10-K filed March 27, 2026 (fiscal year ended December 31, 2025), GDC is transitioning toward interactive reading and narrative entertainment markets using AI-enabled products. The company also acquired Pallas Capital Holding Ltd in September 2025, a British Virgin Islands entity established to hold Bitcoin as a reserve asset. GDC's principal executive office is located in Jersey City, NJ. The company has operated under multiple prior names, including Code Chain New Continent Limited, TMSR Holding Company Limited, and JM Global Holding Company.

Revenue model

The filing excerpts do not specify discrete revenue figures, percentages by segment, or a clearly described transactional or subscription pricing model for FY2025. Historically, GDC generated revenue from AI digital human creation and live streaming e-commerce; the livestreaming gaming segment was discontinued in January 2025.

Products and services

AI-driven digital human creation and customization; live streaming and e-commerce (historical, pre-2025 discontinuation); interactive reading and narrative entertainment (in transition as of FY2025); Bitcoin reserve assets held through Pallas Capital Holding Ltd (acquired September 2025); AI software acquired via stock-based software purchase agreements.

Customers and end markets

The filing excerpts do not identify specific customers, customer concentration figures, or named end markets beyond general references to users of AI-enabled content and entertainment products.

Value-chain role

GDC is a holding company that develops and distributes AI-generated virtual content and digital human technology through its subsidiaries. It operates as both a technology developer and a content platform, with a China-based subsidiary (Shanghai Xianzhui) that has no material operating activities as of the filing date.

Geographic exposure

Operations historically centered in China through Shanghai Xianzhui; corporate domicile in Nevada; principal executive office in Jersey City, NJ; Pallas Capital Holding Ltd incorporated in the British Virgin Islands. PRC regulatory risk is disclosed as material.

Source: SEC 10-K, filed 2026-03-27

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