US EditionFrom Virtual Agents to Embodied and Industry-Specific AI: BGM Acquires Xingdao Intelligent and YD Network, Advancing AI on Two Fronts
- On May 28, 2025, BGM Group Ltd. Announced its agreement to acquire 100% equity interests in Xingdao Intelligent and YD Network in Chengdu, China.
- The acquisitions align with BGM’s approach to enhance its AI capabilities by combining physical devices with software, thereby enabling a comprehensive process of sensing, interpreting, and acting within practical AI implementations.
- Xingdao Intelligent leads in embodied service robots, while YD Network pioneers AI-driven intelligent stock trading, broadening BGM’s AI presence into fintech and robotics sectors.
- BGM will issue 37,123,142 Class A ordinary shares at US$3.0 per share, valuing the deal at RMB800 million, with shareholders gaining about 15.6% of BGM post-close.
- BGM’s CEO Chen Xin stated that the acquisitions represent breakthroughs in embodied intelligence and industry-specific AI, enhancing BGM’s multi-agent AI platform and cross-industry ecosystem.
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From Virtual Agents to Embodied and Industry-Specific AI: BGM Acquires Xingdao Intelligent and YD Network, Advancing AI on Two Fronts
CHENGDU, China, May 28, 2025 /PRNewswire/ -- BGM Group Ltd. (the "Company" or BGM) (NASDAQ: BGM) today announced that it has entered into definitive transaction agreements with the existing shareholders of Xingdao Intelligent Cloud Chain (Shenzhen) Co., Ltd. ("Xingdao Intelligent")…
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