Chinese Gamer-Networking App Nears SPAC Merger in Hong Kong

A Chinese social-networking platform aimed at Gen Z users is nearing a deal to go public by combining with a blank-check company listed in Hong Kong.

Quwan Holding’s deal with the special-purpose acquisition company, Vision Deal HK Acquisition, is set to be announced as early as Friday, assuming talks don’t fall apart, people familiar with the matter said.