Antelope Enterprise is a British Virgin Islands-listed holding company whose primary business is livestreaming e-commerce services in China, operated through its 51%-owned subsidiary Hainan Kylin. The core service acts as a "one-stop" intermediary for consumer brands and merchants that want to sell products via livestreaming on major Chinese platforms like Douyin, Xiaohongshu, and Kuaishou. Antelope Enterprise does not manufacture or sell products itself — it connects brands with hosts and influencers who promote products in livestreams, with transactions processed either through the brand's own sales channel or the third-party platform. Antelope Enterprise charges brands a service fee of roughly 15–30% of the retail price of promoted products, paid upfront into escrow, with revenue recognized upon completed consumer purchase, net of host/influencer commissions. The business is asset-light, with customers prepaying and hosts paid promptly, meaning the company generally carries no receivables or payables. Hainan Kylin operates a SaaS platform that algorithmically matches hosts and influencers to products. Beyond livestreaming, Antelope Enterprise operates a small IT consulting business through Antelope Chengdu, contributing roughly 1.4% of FY2023 revenue. The company is also pursuing two nascent U.S. businesses: supplying power to a data center in Midland, Texas using natural gas generators (targeted for launch in early 2026), and purchasing Bitcoin funded by a financing agreement with Streeterville Capital for up to $50M over 24 months. Antelope Enterprise pivoted to its current form in 2023 after selling its original ceramic tile manufacturing business.
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