Ray Chan (陈展程)

陈展程 grew up in a family of five in Tuen Mun, Hong Kong. According to Varsity, his father worked as a chef in a fast-food restaurant, his mother was a housewife, and he is the eldest of three children, with his brother Chris three years younger and his sister five years younger. His parents established and jointly signed family rules requiring all three children to maintain grades in the top three of their class; this environment, where responsibility, commitment, and family obligations were written as explicit rules, later became a recurring background when he explained his views on discipline and long-termism.⁠[2]

Starting from Form 3, he was required to gain social experience through summer jobs and to begin covering part of his living expenses from adolescence. Early part-time jobs mentioned in public interviews include kitchen work in restaurants, library work, and tutoring. While these experiences do not directly prove his later entrepreneurial success, they help explain why he prioritizes cash flow, opportunity cost, and sustainable operations over personal interests in interviews.⁠[2]

He attended Po Leung Kuk Centenary Li Shiu Chung Memorial College and achieved six distinctions and two credits in the Hong Kong Certificate of Education Examination. According to Varsity, he was exempted from three years of tuition at the University of Hong Kong through a scholarship. During secondary school, he joined the debate team, which led him to aspire to become a barrister and choose law as his major.⁠[2]

Debate training provided him with experience in public speaking, deconstructing arguments, and persuading audiences; however, available public information does not quantify these experiences as entrepreneurial abilities, and the encyclopedia records them only as part of his educational and career background.⁠[2]

陈展程 entered the University of Hong Kong to pursue a Bachelor of Laws, graduating in 2006. Subsequent public company documents also confirm his LLB from the University of Hong Kong. According to a Varsity interview, he spent more time on dormitory life and debating during university, and his average grades once approached a 2.0 GPA, which prevented him from entering the Postgraduate Certificate in Laws (PCLL) program, so he did not follow his original plan to become a practicing barrister.⁠[2]

This experience marked the first significant turning point in his career path: legal training remained as a knowledge base for his later understanding of corporate governance, compliance, and negotiation, but public information does not support referring to him as a lawyer.⁠[2]

According to Hong Kong Stock Exchange announcements, he obtained a Bachelor of Laws from the University of Hong Kong in 2006; before and after starting his business, he participated in internet product and community ventures.⁠[1]

After graduating from university, his first full-time job was in the legal and compliance department of Wing Lung Bank. Interviews state that he left after about three months and then joined now Business News Channel as an anchor; the second job lasted about ten months, required early morning shifts, and paid a monthly salary slightly above HK$10,000.⁠[2]

He later viewed the then-low income and manageable family financial burden as a window for trial and error, believing that low opportunity cost made it easier for him to leave unsuitable positions. Early reports differ by three to four months regarding the duration of his first job; this entry adopts the later and more detailed interview account while retaining the core fact of "short-term employment."⁠[2]

In 2007, he joined the social reading platform aNobii. Varsity states that about three months after joining the company, the entrepreneurial approach of young managers made him realize that internet products could be rapidly experimented with by small teams, which concretized his entrepreneurial intentions. Official speaker information from the University of Hong Kong also lists aNobii as an important experience prior to 9GAG.⁠[2]

During his time at aNobii, he was involved in both product and community operations and met colleagues who later joined him in entrepreneurship. Public information also mentions his involvement in the online karaoke project Singboard; this experience is best viewed as part of early product exploration rather than proof of running a mature, independent company.⁠[2]

Before 9GAG officially took shape, Ray Chan, Chris Chan, and their partners continuously experimented with various internet ideas. Early interviews with Varsity state that the team tested about ten projects, covering topics such as furniture, cosmetics reviews, photo sharing, and online entertainment; some ideas were discontinued due to technical difficulties, insufficient user demand, or unclear business paths.⁠[3]

By 2008, the core members involved in founding 9GAG included Ray Chan, his brother Chris Chan, as well as Derek Chan, Marco Fung, and Brian Yu. The team did not settle on the final product through a single business plan, but rather retained the content sharing site that showed better user feedback and organic growth after multiple rounds of low-cost trial and error.⁠[3]

He co-founded 9GAG with Chris Chan and other partners, developing image, video, and meme sharing into a global entertainment community, and participated in 500 Startups and Y Combinator.⁠[4]

In the early days of the startup, the team used Ray Chan's parents' home as their office. Compared to businesses requiring inventory, storefronts, or heavy asset investment, internet projects only needed basic costs such as computers, internet, and servers, allowing them to experiment with multiple directions simultaneously. Although his parents allowed the use of their home, they still required him to continue contributing to existing family expenses.⁠[2]

This arrangement meant that 9GAG did not have institutional funding or a full office from the start. The early team advanced the project while keeping their day jobs, bearing the cost of trial and error with family space and personal savings until traffic growth was sufficient to support full-time involvement.⁠[2]

Early interviews described Ray and Chris Chan as complementary brothers: Ray was better at proposing new directions and pushing ideas externally, while Chris often questioned assumptions and filtered out impractical ideas. In interviews, Chris considered his brother adept at thinking outside the box but sometimes lacking persistence; Ray viewed his brother's skepticism as a product filter.⁠[3]

The HKEX 2025 annual report later officially disclosed that Ray Chan is Chris Chan's older brother, providing company-level confirmation of their sibling relationship. The encyclopedia thus records them as biological brothers and co-founders of 9GAG, but does not automatically infer kinship for other team members with the same surname.⁠[3]

In 2011, the team went to Silicon Valley to participate in the 500 Startups (now 500 Global) incubation program. Interviews state that three founders lived in cheap motels or shared Airbnb accommodations and reduced living expenses by bringing their own rice cooker. At the time, their incubation application focused not on 9GAG but on another photo-sharing project; mentors noticed that 9GAG already had significant organic traffic and advised the team to concentrate resources on this product.⁠[2]

According to Varsity, 9GAG had already shown clear user engagement signals, so the team stopped exploring other directions and established a sustainable business model. This marked the point when 9GAG shifted from being one of many side projects to the founding team's core business.⁠[2]

According to his author bio in a 2018 StartupNation article, Ray Chan worked on 9GAG as a side project while at aNobii and resigned in 2011 to work on 9GAG full-time. This account refers to his personal resignation date and differs from CNNMoney's narrative that the team transitioned to full-time around 2012.⁠[5][6]

In 2012, 9GAG entered Y Combinator. CNNMoney reported that the five partners initially invested a total of about $1,270 and relied on friends' sharing and social platforms such as Facebook and Twitter for early growth; as traffic increased, the team gradually quit their day jobs around 2012 to work full-time.⁠[6]

The report also stated that the company raised about $2.8 million from 22 Silicon Valley investors and launched iOS and Android apps and official social media accounts, with advertising as the main source of revenue. The funding amount, user scale, and business model reflect information available at the time of reporting and should not be extrapolated as ongoing financial performance for subsequent years.⁠[6]

CNNMoney reported that 9GAG hired its first employee in 2013 and had about 30 employees in Hong Kong and New York by 2018. Website content was mainly uploaded by users, with popularity rankings based on user ratings, interaction data, algorithms, and manual editing; at the time, about seven social editors were responsible for organizing content across different platforms.⁠[6]

In 2018, the company self-reported a monthly audience of about 150 million, mainly aged 18 to 24, with the United States as the largest traffic market. This figure reflects 9GAG's cross-platform coverage statistics at the time and is not an audited count of unique active users; the entry preserves it as the company's figure for that year and does not directly add it to subsequent "over 200 million" figures.⁠[6]

In 2015, 9GAG partnered with Indonesian game company Touchten to launch the mobile game Redhead Redemption. This was a product experiment to test user direct payments and in-app purchases beyond advertising; TechCrunch reported that the game achieved about 100,000 organic downloads within two days of launch, with both parties sharing in-app revenue as agreed.⁠[7]

The game did not replace 9GAG's core content community business, but demonstrated that Ray Chan's team used its large social audience to test adjacent businesses. The encyclopedia records this as a phased commercialization experiment and does not equate short-term download numbers with long-term profitability or successful entry into the gaming industry.⁠[7]

In a 2017 TechCrunch interview, Ray Chan explained that 9GAG's content distribution referenced voting, interaction, and editorial judgment; the report mentioned that the team then had about eight manual editors. Regarding hate speech or offensive content, he acknowledged that the user upload mechanism could not guarantee such content would never appear, and that handling relied on community reporting and manual review for prompt removal.⁠[8]

He described building a healthy community as an ongoing governance task and believed that global humor has regional differences but is also based on shared life experiences such as work, family, and relationships. The team chose Hong Kong as its main operating base to take advantage of lower costs and hardware supply chain convenience, while also acknowledging Silicon Valley's advantages in capital and talent density.⁠[8]

On July 30, 2018, Ray Chan stated in a signed article for StartupNation that 9GAG had only received one round of funding in its early days and had not relied on external capital since; at the time, the team had 35 members. These are his statements at the time of publication and do not represent subsequent funding or staff size.⁠[5]

He advocated hiring based on actual business needs, assessing whether to refill positions after employee departures, and avoiding blind expansion after financing; small teams should prioritize talent capable of handling multiple functions. He also advocated listening to community feedback and distributing content according to audience usage habits across different platforms and devices to reduce reliance on a single channel.⁠[5]

At the start of the COVID-19 pandemic, Ray Chan required the team to first calculate the company's cash runway under deteriorating revenue scenarios. According to Varsity, he explained to employees that if costs were controlled, the company could maintain operations for about five years even without new revenue; 9GAG subsequently closed its office and switched to long-term remote work. This figure was an internal management estimate at the time and not an audited guarantee of ongoing operations.⁠[2]

The report also stated that the company provided about 40 employees with medical and life insurance, flexible leave, and home office equipment support of about HK$8,000 for new employees and HK$3,000 for existing employees. Interviewed employees described Ray as the "brain" responsible for direction and decision-making, and the team as the "engine" for execution; these descriptions reflect organizational culture observations from the interviews.⁠[2]

In an interview with Tatler Asia, Ray Chan said he began using Ethereum and buying NFTs around 2020, and subsequently noticed that while Web3 projects emphasized "community," they often lacked mature content operations and mass communication capabilities. 9GAG's long-term experience in user-generated content and cross-platform accounts became the basis for his judgment that the team could enter this field.⁠[9]

In 2022, the team launched Memeland to advance its Web3 business, successively building NFT series such as The Potatoz and The Captainz, as well as related membership, creator, and token ecosystems. This shift did not directly transform the 9GAG website into a blockchain product, but rather incubated a relatively independent Web3 business with the same core team and brand resources.⁠[9]

Funding database records show that Ray Chan participated in Eternal's $4.5 million seed round and AcadArena's $3.5 million seed round in 2021, targeting NFT/gaming and Web3 esports ecosystems, respectively. Here, Ray Chan is matched to these investments through his subsequent project portfolio and 9GAG identity; the total round amount does not represent his personal investment amount.⁠[10]

In 2022, Ray Chan led the 9GAG team into Web3, creating Memeland and exploring the on-chain creator economy with products such as The Potatoz, The Captainz, MVP, and the MEME token.⁠[1]

In early interviews about Memeland, Ray Chan believed that if NFTs were only used as avatars or short-term speculation tools, it would be difficult to establish lasting value; he placed greater emphasis on community, use cases, and the relationship between creators and holders. His vision was to leverage 9GAG's existing experience in content distribution and brand partnerships to gradually bring Web2 audiences into a Web3 environment of verifiable ownership, membership benefits, and co-creation.⁠[11]

This narrative is the founder's product hypothesis, not a promise regarding NFT prices or commercial returns. Subsequent market fluctuations, token performance, and community controversies of the project should be factually recorded in the Memeland entry.⁠[11]

In 2022, Ray Chan was listed in the $6.5 million Pre-Series A round of AI voice platform LOVO, as well as the $7.5 million seed round of game studio Tatsumeeko. DefiLlama provides cross-verification for Tatsumeeko's round and investor list; public information does not disclose Chan's shareholding ratio or board position.⁠[12]

Crunchbase lists Ray Chan as an investor in the Pre-Seed round announced in March 2022 by Indian digital comics platform Toonsutra. This is a record of his personal investment outside his 9GAG and content platform background, and the public page does not disclose Chan's personal investment amount.⁠[13]

In May 2022, Ray Chan stated on his personal X account that Memeland had not released a roadmap at the time and had not yet set a minting date; he also said that the mint would not be cheap and emphasized that the team had only officially announced the project about a month earlier and needed time to complete the product.⁠[14]

This original post reflects the project's early deliberate avoidance of traditional NFT roadmap commitments in its communications, and also provides a time anchor for the later "no roadmap" narrative used by Memeland and the MEME brand. Since the source is the founder himself, the entry records only his arrangements and stance at the time, without evaluating the project's eventual fulfillment.⁠[14]

In January 2023, Ray Chan responded to community governance controversies by stating that he enters the Memeland Discord every day and acknowledged that open communities may have malicious participants or rule violations; the team would take enforcement actions, but the culture, humor boundaries, and member expectations of different Web3 communities are not the same.⁠[15]

This public statement shows that he does not interpret "community ownership" as the abolition of platform governance, but rather retains the team's authority to enforce rules and handle violations. Whether specific cases are handled consistently still needs to be judged individually based on the evidence of each incident, and cannot be concluded solely on the founder's general statements.⁠[15]

In March 2023, Ray Chan publicly emphasized that Memeland is "not just an NFT project" but a "community company." This statement demotes NFTs from the end goal to a tool for organizing communities and distributing digital rights, leaving room for subsequent expansion into MEME tokens, tasks and staking products, content brands, and consumer products.⁠[16]

This change in positioning does not mean the project automatically achieves community autonomy; the company team still controls product development, branding, funding, and rule design. The encyclopedia therefore treats "community company" as the founder's strategic definition, while actual governance structure, holder rights, and controversies are verified in specific project entries.⁠[16]

In April 2023, Ray Chan stated that Memeland might issue a token and had hired the Drew & Napier legal team, including Tju Liang Chua, to assist with compliance; the report also mentioned that this lawyer had previously provided legal advice to the Ethereum Foundation.⁠[17]

This indicates that before MEME's launch, the team had already incorporated legal structure and regulatory risk into its preparations, but hiring a lawyer does not mean the token is recognized by regulators in all jurisdictions. Subsequent official disclosures continued to describe MEME as a meme token with no utility or yield promises.⁠[17]

In September 2023, Ray Chan summarized on X a two-week work trip: he attended Korea Blockchain Week and Singapore Token2049, and co-hosted the IntoTheARC event with ARC the Community. The list of people he met included exchanges, partners, investors, founders, creators, artists, team members, and holders.⁠[18]

This account demonstrates that he used offline meetings and community events as industry networking channels during the Memeland phase, but the original post did not list the names of every investor or disclose whether the meetings resulted in financing, investment, or business agreements. Therefore, this entry only records the meetings and events, and does not classify all attending investors as Memeland shareholders or token investors.⁠[18]

In October 2023, Ray Chan directly described MEME as a meme token on X, explicitly stating "no utility, no roadmap, no promises, no expectation of financial return." This statement serves both as brand positioning and as a risk warning for buyers.⁠[19]

The entry records his explicit boundaries as stated in the original post, but does not interpret "no promises" as exempting the project team from responsibilities under applicable law, information disclosure, or marketing practices, nor does it attribute secondary market price changes to a single statement. Token issuance, distribution, unlocking, and market events should be detailed in the relevant Memeland/MEME entries.⁠[19]

CryptoRank lists Ray Chan in the November 2023 financing record of Web3 social data and NFT analytics platform Inspect. The database does not provide individual amounts in the public section; the main text only confirms the investment relationship and does not infer equity ratios.⁠[20]

On November 10, 2023, Ray Chan publicly expressed support in Bangkok for Memeland MVP holder Sanjay P. and Memecoin investor CryptoMind Group to participate in the BGTH event, and invited local participants to attend; Sanjay's public account also identifies him as co-founder of CryptoMind Group.⁠[21]

This post confirms the public industry event contact among Ray Chan, core Memeland holders, and Memecoin investors, but does not disclose a new round of financing amount, investment terms, or separate private meetings. The encyclopedia therefore records it as a public event and investor relations maintenance, not as a new financing event.⁠[21]

When the NFT-oriented Ethereum Layer 2 network Frame disclosed its early financing, public investors included Electric Capital, Dingaling, Ray Chan, and Zagabond. Frame later became part of the Igloo and Abstract ecosystem, but this section only records Chan's participation in the pre-acquisition financing.⁠[22]

CryptoRank lists Ray Chan in Abstract's early financing record in December 2023. This Abstract refers to the consumer blockchain later advanced by Igloo and Cube Labs; Chan's early participation does not mean Memeland and Abstract are the same company.⁠[20]

Disclosed investors in Web3 gaming platform Portal include Ray Chan, Michael Bouhanna, Max Crown, and Giulio Xiloyannis, among others; GamesBeat reports Portal's total financing at $11 million. Databases mark Chan's related node as the December 2023 angel round, with no public disclosure of his individual investment amount.⁠[23]

In an Around The Coin interview, Ray Chan proposed a three-stage product framework: first, use NFTs to form a core community; then, use tokens to expand value and participation distribution; and finally, reach a broader user base through mass-market products. He also recalled that he initially viewed NFTs as a dubious concept that could be "right-click saved," but changed his judgment after continued research and personal use.⁠[24]

This framework explains the logic behind Memeland's expansion from NFT series to the MEME token, tasks/staking, and consumer brands, but it is a strategic hypothesis rather than a guarantee of results. In the interview, he also advised beginners to first understand Bitcoin, Ethereum, Solana, and the concept of decentralization, and to avoid investing funds they cannot afford to lose.⁠[24]

In the February 2024 Hashing It Out podcast, Ray Chan described Memeland as a Web3 and SocialFi experiment based on Web2 social operations experience, with a focus on digital ownership, community incentives, and value distribution between the platform and participants.⁠[25]

He believes that traditional social platforms own distribution channels and user relationships, while blockchain products attempt to transfer some identity, assets, and incentives to users. This view explains why the 9GAG team entered Web3, but remains the founder's industry judgment; the degree of decentralization needs to be verified based on contract control, company authority, and actual product mechanisms.⁠[25]

In February 2024, Ray Chan participated in Pixelmon's $8 million seed round and MON Protocol's strategic financing; in March, he appeared in Asterix's financing list. All three focus on games, IP, or NFT infrastructure, but are independent projects and not part of the Memeland asset portfolio.⁠[20]

When Zentry announced a new round of strategic financing, "Ray & Char (Memeland)" was listed as an angel investor, along with individuals such as Zagabond and Dingaling, as well as several institutions. The public materials use a joint signature, so this entry does not attribute the investment solely to Ray Chan.⁠[26]

Crunchbase lists Ray Chan in ARC the Community's $4.5 million seed round announced in August 2024; ARC's official sources also list him as CEO of 9GAG and Memeland, emphasizing his ability to participate in the community from both business and investment perspectives. The individual amount for this round was not disclosed.⁠[27]

Game and experience studio Orange Cap Games completed a $2 million angel round in September 2024, with financing databases listing participants including Igloo, Ray Chan, Gabby Dizon, Loi Luu, and dingaling. The company later developed physical and digital card products related to Pudgy Penguins, but Chan's investment does not mean Memeland owns the IP.⁠[28]

On October 30, 2024, during Dubai Binance Blockchain Week, Ray Chan publicly announced the soft launch of MemePay and arranged for meme personalities Hide the Pain Harold and Hasbulla to meet fans and partners; he also stated that he would meet with holders, partners, and friends during the trip. Web3TV subsequently published an on-site interview with him at the event, covering topics such as Memeland, meme coins, and the MemePay payment product.⁠[29]

This event concentrated Memeland's offline brand exposure, meme personality collaborations, and payment product testing at the same Binance conference. Posts and on-site videos can confirm his attendance and product promotion activities, but "meetings" themselves do not equate to Binance investing in, purchasing, or formally partnering with MemePay; the entry does not make such extensions.⁠[29]

In December 2024, Ray Chan publicly stated that five colleagues at 9GAG had worked for ten years, and the company gave them commemorative gifts at the Christmas lunch. He described this arrangement as "rewarding loyalty."⁠[30]

This post can only demonstrate the founder's public emphasis on long-term tenure and the disclosed figure of five people at the time; it cannot substitute for complete human resources data. However, combined with publicly disclosed employee protection measures during the pandemic, it can be observed that his management narrative consistently emphasizes the stability of the core team and long-term collaboration.⁠[30]

In a Tatler Asia interview, Ray Chan discussed a family tragedy in more detail for the first time: he and his wife's first son passed away from influenza at about three months old. The report did not frame this personal experience as a business achievement, but rather documented how this loss changed his priorities regarding time, family, and health. He stated that his wife, family, Christian faith, and reading helped him through the low point.⁠[9]

He later summarized his personal priorities as "Family, Fitness, Faith," and discussed the changes brought to his life by his second son, Neo. Such information has been voluntarily disclosed by Ray himself; the entry records it with restraint, does not infer undisclosed medical details, and does not use religious faith to evaluate business decisions.⁠[9]

In the same interview, Ray Chan listed integrity as a non-negotiable business principle, stating that the team would reject deals it considered unethical, even if they were profitable in the short term. He also distinguished between short-term price drama in the Web3 market and long-term product building, emphasizing building for users who share the same values and are willing to participate for the long term.⁠[9]

These statements are the founder's own account and cannot substitute for independent review of each business action; their encyclopedic value lies in documenting how he publicly defines decision-making boundaries and providing a standard for comparison in future disputes or governance events.⁠[9]

Ray Chan completed the acquisition of control of Hong Kong-listed company Howkingtech International Holding Limited (濠暻科技國際控股有限公司, 2440.HK) and became chairman and CEO. The company was subsequently renamed MemeStrategy, Inc. (Chinese: “迷策略”) through shareholder procedures, with the stock short name changing from June 12, 2025, but the code remaining 2440. The company proposed three main business lines: AI, blockchain, and culture. MemeStrategy is an independent listed company and should not be regarded as the same entity as 9GAG, Memeland, or the MEME token.⁠[31]

In a Tatler Asia interview, Ray Chan explained that considerations for acquiring control of a listed company included establishing a more transparent and liquid corporate platform, and placing Web3-related business under the governance and disclosure framework of the public market. After the transaction, the company retained its original 5G and hardware business, while advancing digital assets, validator nodes, and ecosystem investment through MemeStrategy.⁠[9]

The report mentioned that the transaction consideration exceeded HK$140 million and recorded subsequent company actions such as purchasing Solana. These purchases are corporate actions of the listed company or its subsidiaries and should not be described as Ray Chan personally buying tokens; his personal role is as controlling shareholder, chairman and CEO, and strategic driver.⁠[9]

According to the Hong Kong Stock Exchange announcement, Ray Chan was appointed as executive director, chairman of the board, CEO, and chairman of the nomination committee effective April 1, 2025, and serves as a member of the remuneration committee. The announcement also introduces his experience as 9GAG co-founder and CEO, and Memeland founder.⁠[1]

These positions expand his responsibilities from private internet and Web3 projects to statutory governance, ongoing disclosure, and shareholder responsibilities of a Hong Kong listed company. The encyclopedia uses the effective date of the announcement and official titles, and does not substitute social media nicknames for positions with legal significance under company law.⁠[1]

On May 1, 2025, Ray Chan, as chairman and CEO of MemeStrategy and head of Memeland, participated in the "Building a Culture Economy" roundtable at Binance Clubhouse during Token2049 Dubai. MemeStrategy's event record states that other guests included EPIC founding partner Adrian Baschuk and Kaia DLT Foundation chairman Sam Seo, with the roundtable moderated by Binance Chief Marketing Officer Rachel Conlan.⁠[32]

In the discussion, Ray linked long-term meme brand building with authentic creators, content quality, and community relationships, and used Hide the Pain Harold and the PAIN token as examples to illustrate the narrative of cultural IP and tokenization. This source is an event review published by Ray's listed company and is suitable for confirming the event and his public views, but should not be regarded as an independent evaluation or as evidence of Binance investing in Memeland/MemeStrategy.⁠[32]

After MemeStrategy announced the acquisition of Asian trading card brand Grade10, Ray Chan also became CEO of Grade10 and proposed building an AI card information platform. This expansion echoes the industry direction of Memeland's push for Captainz cardification in 2026, but the two do not automatically share assets, inventory, user rights, or company ownership as a result. The encyclopedia records only the publicly disclosed company positions.⁠[33]

In March 2026, Ray Chan recalled on X that he and his team were still university internet enthusiasts in 2008, and 9GAG started as a side project out of interest in memes, with the team maintaining day jobs for many years. The post stated that 9GAG at that time reached over 200 million users sharing memes each month, and described the next stage goal as the long-term development of Memeland.⁠[34]

He also acknowledged that Memeland's development was not smooth throughout, but said that core supporters continued to cooperate during market downturns. The "over 200 million" figure and the assessment of team strength are both from the founder/company perspective; the entry preserves his self-summary, while not using it to negate already publicized price fluctuations and community controversies during Memeland's lifecycle.⁠[34]

MemeStrategy's 2025 annual report lists several public positions held by Ray Chan outside the company, including Honorary Advisor to World Vision Hong Kong, Director of the Hong Kong Genome Institute, and member of the Hong Kong SAR Government's Non-communicable Diseases Steering Committee. The annual report also confirms his Bachelor of Laws degree from the University of Hong Kong and that Ray is the elder brother of Chris Chan.⁠[35]

The same company document lists his inclusion in the CoinDesk 2024 Most Influential in Crypto, BlockTempo 2024 Hong Kong Blockchain 30, nft now 2023 NFT100, Prestige 2021 "40 Under 40," and Tatler Gen.T 2018, and mentions that his experience was included in an entrepreneurship-themed book by City University of Hong Kong Press. All of the above are preserved as listed in the annual report; the honor titles do not equate to government decorations or academic qualifications.⁠[35]

The MemeStrategy annual report states that 9GAG, led by Ray Chan, has a cross-platform audience of about 200 million, and lists account sizes of approximately 56 million on Instagram, 40 million on Facebook, 16 million on X, 6.5 million on Threads, 3.9 million on Pinterest, 2.8 million on TikTok, and 1.8 million on WhatsApp; the annual report also states that his personal X account has about 1.9 million followers.⁠[35]

These figures come from the company's annual report and are generally a combination of fans, subscribers, or audience metrics across platforms, and should not be simply understood as de-duplicated monthly active users. They also change with the date of statistics. The entry records them as "as of the time of the annual report disclosure" and presents them separately from CNNMoney's 2018 metric of 150 million monthly audience.⁠[35]

The Hong Kong Stock Exchange director profile describes Ray Chan (陈展程) as a Hong Kong technology entrepreneur and investor, and confirms his positions at 9GAG, Memeland, and the listed company. This entry only records projects that can be cross-matched with these identities; all investment pages related to American venture capital, accelerators, or other individuals named Ray Chan are excluded.⁠[35]

He continues to discuss memes, social products, and digital ownership via the 9GAGCEO account, and directly serves as CEO of Memeland. Project achievements come from the 9GAG/Memeland team and do not belong to the individual alone.⁠[36]