BGM Group Strengthens AI Strategy with Acquisition of YX Management Company

BGM Group Expands AI Capabilities Through YX Acquisition

BGM Group Ltd., listed on NASDAQ as BGM, recently announced a strategic move to enhance its artificial intelligence (AI) capabilities by acquiring YX Management Company Ltd., a firm renowned for its smart mobility technology. This acquisition, publicly disclosed on March 19, 2025, could mark a pivotal moment for BGM as it strengthens its intelligent platform, DuXiaoBao.

The definitive agreement outlines BGM's acquisition of 100% of YX’s equity interests, which is valued at approximately $95 million. An impressive aspect of this deal is that it will be executed through the issuance of 47.5 million Class A ordinary shares allocated to YX's existing shareholders. This agreement not only signifies a financial transaction but also a consolidation of expertise aimed at bolstering BGM's technological endeavors.

Leveraging Expertise for Growth

The acquisition of YX is projected to inject new momentum into BGM's growth strategy. The YX team is composed of highly skilled professionals from top-tier Chinese internet companies, including Alibaba and Didi, bringing with them a wealth of experience in large-scale platform development and digital transformation. Their diverse and rich backgrounds are expected to enhance the operational capabilities of BGM, particularly in the realms of scalable operations and the commercialization of technology.

YX's core team members are recognized for their significant contributions to major projects, including Taobao Mobile and Fliggy. They have played crucial roles in optimizing complex business processes and driving AI applications within significant projects like Didi's ride-hailing services and the national health code system in China. By integrating such expertise, BGM aims to significantly advance the innovation of its DuXiaoBao platform.