三只羊参与无语哥资本运作 值得注意的是，2026年1月美股上市公司Rich Sparkle（ANPA）宣布完成对Step Distinctive的收购。该目 标公司经营电子商务直播带货业务，由Tiktok现象级网红Khaby Lame（"无语哥"）持股49%，安徽小黑 羊网络科技有限公司持股13%。交易完成后，业务将继续由无语哥领导。 该收购完成后，小黑羊公司将正式成为其战略股东及核心运营合作伙伴，在未来三年拥有无语哥全球范 围内的独家全链运营权。而安徽小黑羊网络科技有限公司的背后出资人，正是三只羊创始人张庆杨（疯 狂小杨哥）和张开杨（疯狂大杨哥），股权全景穿透图显示二者分别持股51%、49%。 在此次资本运作中，三只羊并没有拿到现金。 ANPA交易前总股本约为1130万股，新增发行7500万股股票，用于购买Step Distinctive公司，Step Distinctive公司估值9.75亿美元，相当于ANPA公司每股定价为13美元。该笔交易中，无语哥及三只羊均 未获得现金，而是获得ANPA公司股票。 根据无语哥及三只羊对Step Distinctive公司股权持有比例推算，交易后，无语哥持有ANPA公司 ...

Core Insights - Rich Sparkle has completed the acquisition of Step Distinctive, with Khaby Lame holding 49% and Anhui Xiaohaiyang Network Technology Co., Ltd. (Three Sheep) holding 13% [1] - This acquisition positions Anhui Xiaohaiyang as a strategic shareholder and core operational partner of Rich Sparkle, granting exclusive global operational rights for Khaby Lame's content [3] Group 1: Acquisition Details - The acquisition allows Anhui Xiaohaiyang to manage live streaming and short video e-commerce planning, TikTok Shop operations, cross-border supply chain coordination, after-sales service, and AI digital persona development for the next 36 months [3] - The collaboration is seen as a strategic move for both parties, especially as TikTok accelerates its commercialization efforts [3] Group 2: Market Position and Strategy - Three Sheep has established a presence in overseas markets, including Singapore, Malaysia, and Vietnam, and is now among the leading MCN organizations in those regions [6] - The company is not only connecting with existing local influencers but also incubating new ones, while also providing supply services beyond traditional MCN roles [6] Group 3: Domestic Challenges and Opportunities - Three Sheep's importance in overseas markets has increased due to challenges in the domestic market, including penalties and loss of user trust following a false advertising incident [7] - The company has seen a significant drop in signed influencers, from over 2,000 to around 300, and has lost several key influencers [9] Group 4: Cultural and Operational Challenges - The partnership with Khaby Lame presents strategic value but also poses challenges related to cultural differences, consumer habits, and compliance requirements in various regions [11] - Three Sheep's previous focus on Southeast Asia may limit its understanding of markets in Europe and North America, raising concerns about local operational capabilities [11]

每经编辑｜程鹏 据蓝鲸新闻2月5日报道，2026年1月，美股上市公司Rich Sparkle宣布完成对Step Distinctive的收购。该目标公司经营电子商务直播带货业务，由Tiktok现象 级网红Khaby Lame（以下称"无语哥"）直接或间接持股49%，安徽小黑羊网络科技有限公司持股13%。 天眼查信息显示，安徽小黑羊网络科技有限公司由合肥领头羊文化传媒有限公司全资持股，该公司最终受益人系张庆杨、张开杨，他们是三只羊创始人。 | 序号 | | 受益所有人名称 | 最终受益股份 ② 受益类型 | 任职类型 | 判定理由 | | --- | --- | --- | --- | --- | --- | | | # | 张庆杨 闵 46 | 51% $ 直接或间接持股,实际控制人 | | 穿透识别出直接或间接拥有超过25%公司股权或者表决权的自然人 | | 2 | 래 | 张开杨 良34 | 49% ◇ 直接或间接持股 | | 穿透识别出直接或间接拥有超过25%公司股权或者表决权的自然人 | 公告披露，该交易估值约为9.75亿美元（约合人民币67.7亿元），交易后公司将继续由无语哥领导。 公开信息显示，无 ...