Connexa Sports Technologies Inc. Expands into Social Networking and Content Creation and Enters Discussions with TikTok in the Middle East and North Africa

Windsor Mills, M, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI) is proud to announce that Yuanyu Enterprise Management Limited (YYEM), in which Connexa holds a 70% ownership stake, is launching an exciting new vertical centered on social networking applications. This new venture is expected to include live-streaming, voice chat rooms, gaming, and influencer-driven user-generated content (UGC). In a significant validation of this expansion, TikTok’s subsidiary covering the Middle East and North Africa (MENA) is in advanced discussions to sign an MCN (Multi-Channel Network) contract with YYEM to purchase content created by influencers within the network that YYEM is developing. This content is expected to feature popular Twitch hosts producing engaging broadcasts across various categories, including sports, gaming, and lifestyle topics.