BGM Group Strengthens AI Ecosystem Through HM Management Acquisition

BGM Group Ltd., a prominent AI technology firm listed on Nasdaq under the symbol BGM, recently disclosed that it has finalized a significant agreement to acquire HM Management Company Limited. This strategic move, valued at around RMB 300 million (approximately USD 41.7 million), involves an all-stock transaction where BGM will issue 16,663,427 Class A ordinary shares priced at $2.50 each. This acquisition aims for a complete ownership stake in HM Management and its two wholly-owned subsidiaries, Beijing Shuda Technology Company Limited and New Media Star Technology (Shenzhen) Co., Ltd, with the closure expected in the second quarter of 2025, pending regulatory approvals.

The expertise of Shuda Technology lies in providing AI-driven solutions that enhance business efficiency. Through integrating advanced AI and data visualization, it equips enterprises to conduct thorough diagnostic assessments and bolster decision-making processes throughout their innovation journeys. This encompasses everything from research and development to full commercialization, ultimately leading to substantial cost reductions and improvements in operational efficiency. Meanwhile, New Media Star boasts an expanding AI tools platform, currently serving over 150,000 followers with its proprietary and third-party AI solutions, focusing on customer acquisition and private domain conversion.

In a statement, Xin Chen, the CEO of BGM, expressed that the integration of Shuda Technology and New Media Star will act as a transformative force in BGM's strategy, enabling the development of a robust multi-agent production platform. Their innovative vertical industry agent cloning technology and AI visualization capabilities address significant gaps in the market, thereby stimulating technological creativity and promoting impact across the industry. This acquisition is set to enrich BGM’s industry-specific AI competencies, providing rapid access to vast market opportunities and fostering a comprehensive ecosystem of AI agent applications.

Furthermore, the acquisition enhances BGM Group's existing AI application portfolio, consolidating its resources in AI insurance and AI mobility sectors. It positions BGM strongly within the AI industry landscape, indicating a cohesive strategy to harness AI technologies across various applications.

About BGM Group Ltd.

BGM Group's strategic focus encompasses AI applications, intelligent robotics, algorithmic computing, cloud technology, and biopharmaceuticals. Within the AI framework, the company leverages advanced analytics and AI Agent technology, utilizing platforms like Du Xiao Bao and Bao Wang to offer extensive AI solutions tailored for insurance providers, brokers, and consumers. Their services span several essential scenarios including sales, marketing, underwriting, claims processing, and customer service, delivering highly personalized experiences through comprehensive data analysis and consumer profiling.

On the biopharmaceutical front, BGM’s division produces key products like oxytetracycline API, crude heparin sodium, and licorice preparations, catering to global markets in animal husbandry and pharmaceuticals. By embedding AI-driven decision-making processes throughout its operations, BGM achieves optimization in supply chains and production efficacy while illuminating market trends, solidifying its commitment to delivering quality products and services.

As BGM Group progresses with its acquisition of HM Management, the tech community and investors alike are keenly watching how this strategic move will reshape the AI landscape, anticipating an era of innovation driven by enhanced operational capabilities and a broadened application scope within the industry. The acquisition reflects a larger trend of consolidation in the fast-evolving AI sector, emphasizing the need for robust solutions that can keep pace with emerging technology demands.

In summary, BGM Group's acquisition of HM Management reinforces its commitment to lead in the AI application field, signaling a strategic expansion that aims to harness the collective capabilities of both companies for significant industry impact. This is a pivotal moment for BGM Group as it looks to cement its presence in a rapidly evolving technological world, and industry stakeholders are optimistic about the future outcomes of this monumental acquisition.