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LQR House in Advanced Negotiations with ByteDance Across Its Artificial Intelligence Vertical
MIAMI BEACH, Fla., June 23, 2026--LQR House Inc. (the "Company" or "LQR House") (NASDAQ:YHC) today confirmed that it is in advanced negotiations with ByteDance regarding a strategic relationship spanning ByteDance’s artificial intelligence vertical, the family of enterprise AI models and infrastructure built by one of the world’s largest technology companies.
About this update from Lqr House Inc.
Discussions extend the AI-native strategy behind LQR House’s recent acquisition and consolidation of Fusion Five Continents Securities. The Company will provide an update in the coming days. MIAMI BEACH, Fla., June 23, 2026--(BUSINESS WIRE)--LQR House Inc. (the "Company" or "LQR House") (NASDAQ:YHC) today confirmed that it is in advanced negotiations with ByteDance regarding a strategic relationship spanning ByteDance’s artificial intelligence vertical, the family of enterprise AI models and infrastructure built by one of the world’s largest technology companies. These discussions are a continuation of the strategy LQR House set out when it acquired and consolidated Fusion Five Continents Securities Limited earlier this year. Fusion Five Continents is a New Zealand licensed brokerage that operates an AI-powered investment platform offering USDT-based funding and settlement, connecting approximately 4,000 investors to U.S. and Hong Kong equity markets. LQR House announced the multi-tranche acquisition in April 2026 and, on June 2, 2026, closed on an additional 30% interest for $39 million, crossing the 50% threshold to become Fusion Five Continent’s controlling shareholder and consolidating the brokerage’s profitable results into the Company’s financial statements. The Company is developing Fusion Five Continents into an engine for AI-driven research and portfolio optimization. A relationship with ByteDance’s AI vertical is intended to put frontier artificial intelligence behind that engine. Negotiations on the broader relationship are active and ongoing and are expected to extend to cloud computing and other AI technologies. The Company expects to announce concrete steps in the coming days and will provide further detail at that time. "We did not acquire Fusion Five Continents to operate a brokerage the conventional way. We acquired it to build something AI-native," said Sean Dollinger, Chief Executive Officer of LQR House. "A relationship with ByteDance’s artificial intelligence vertical is the kind of foundation that makes that ambition real. We will have more to share with shareholders shortly." About LQR House Inc. In addition to its ownership of Fusion Five Continents Securities, LQR House intends to remain a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketpla...