January 12, 2026
Finance

Rich Sparkle Holdings Completes Acquisition of TikTok-Linked Step Distinctive to Harness Creator-Led Commerce

The deal formalizes exclusive partnership with TikTok sensation Khaby Lame to build a $4 billion live commerce platform leveraging AI and global reach

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Summary

Rich Sparkle Holdings Limited (NYSE:ANPA) has finalized the purchase of Step Distinctive Limited, a company associated with TikTok influencer Khaby Lame. The acquisition transitions their relationship into an exclusive partnership designed to integrate creator-driven audience engagement into a comprehensive e-commerce platform. This move enables Rich Sparkle to manage marketing, sales, operations, and logistics cohesively. With Khaby Lame’s extensive following of 360 million, the company projects annual sales from this live-commerce model could exceed $4 billion. Additionally, the collaboration includes plans to deploy an AI-generated digital twin of Lame to scale content in multiple languages and support live sales globally. This multiyear initiative is poised to expand across the US, Middle East, and Southeast Asia, emphasizing regional pricing and profit frameworks while navigating compliance and operational challenges inherent to international commerce and AI content management.

Key Points

Rich Sparkle Holdings has completed acquiring Step Distinctive Limited, associated with TikTok star Khaby Lame, formalizing an exclusive collaboration.
The partnership transitions from intermittent brand deals to a fully integrated commercial platform overseeing marketing, sales, logistics, and operations.
Khaby Lame’s global audience of 360 million serves as a significant distribution channel, with projected live-commerce sales potentially exceeding $4 billion annually.
Anhui Xiaoheiyang Network Technology Co. will manage the worldwide business plan over the next three years, including live sales and supply chain operations, while the deal incorporates plans to leverage AI technology to create a virtual digital twin of Khaby Lame for multilingual content scaling.

Rich Sparkle Holdings Limited (NYSE:ANPA) announced on Sunday that it has concluded the acquisition of Step Distinctive Limited, an entity tied to prominent TikTok personality Khaby Lame. This strategic acquisition aims to transform the influencer’s sizable online presence into a robust creator-driven commerce engine.

Prior to this deal, the partnership between Rich Sparkle and Khaby Lame operated through sporadic collaborations with individual brands. The newly formalized agreement, by contrast, establishes Step Distinctive Limited and Rich Sparkle as exclusive partners in an ongoing business venture. This exclusive relationship empowers the combined entity to oversee the full commercial cycle, encompassing marketing strategies, sales channels, and logistical operations within a platform-style commerce system.

Harnessing Extensive Creator Reach to Unlock Revenue

At the center of this collaboration is Khaby Lame’s expansive global reach. Boasting approximately 360 million followers across social media, Lame embodies a unique distribution network. Rich Sparkle’s approach seeks to capitalize on this audience by connecting online traffic and operational capabilities such as supply chain management and technology infrastructure. Through this integration, the company forecasts that live-commerce sales driven by Lame’s fanbase could surpass $4 billion annually.

Notably, Khaby Lame is anticipated to assume a controlling shareholder role within the venture. This ownership structure aligns the brand's expansion objectives with Lame’s financial interests, a model that frequently resonates with investors aiming for sustainable growth incentives.

Execution of the business strategy over the coming three years will be handled exclusively by Anhui Xiaoheiyang Network Technology Co. This firm will regulate critical operational elements, including live video sales initiatives, management of the TikTok Shop platform, product curation, supply chain logistics, distribution, and customer service protocols on a global scale.

AI-Driven Digital Twin to Scale Multilingual Commerce

Innovatively, the agreement includes provisions to develop an artificial intelligence-powered digital twin of Khaby Lame. This virtual representation will utilize data encompassing his facial features, voice characteristics, and behavioral mannerisms. The digital avatar is designed to enable multilingual content creation and foster continuous, time zone-independent livestream commerce activities worldwide.

The initial phase of this rollout focuses on key international markets—the United States, the Middle East, and Southeast Asia—with strategies tailored to region-specific pricing and profit allocation. Nevertheless, the scalability and ultimate commercial ceiling of this model will heavily depend upon factors such as compliance with local regulations related to data use, advertising disclosures, consumer protection laws, cross-border logistics, after-sales experiences, control of AI-generated content risks, and ensuring brand safety.

Market Performance and Technical Indicators

From a market perspective, ANPA shares have displayed significant recent volatility, ranging from a 52-week low of $2.80 to a 52-week peak of $108.68. Currently, the stock trades substantially above its 50-day and 200-day simple moving averages, indicating a continued upward momentum. Specifically, the 50-day SMA stands near $25.63, while the 200-day SMA is approximately $25.89.

As of Monday publication, data from Benzinga Pro shows Rich Sparkle Holdings stock trading at $87.05, reflecting a modest gain of 0.23% during the session.

Risks
  • The ultimate size and success of the live-commerce platform depend on local regulatory compliance, including data authorization, advertising disclosure, and consumer protection laws.
  • Cross-border fulfillment and after-sales service represent operational challenges that could impact customer experience and satisfaction.
  • There are inherent risks in managing AI-generated content, including brand safety concerns and the need for effective risk controls.
  • The expansion into diverse regions with localized pricing and profit accounting requires precise execution and compliance adherence, posing potential financial and operational risks.
Disclosure
Education only / not financial advice
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