BGM Group Completes Acquisition of YX Management

Apr 28, 2025
BGM Group Ltd has finalized its acquisition of YX Management Company Ltd, enhancing its AI-driven platform capabilities. The deal, valued at $95 million, was completed on April 25, 2025.

BGM Group Ltd has completed its acquisition of YX Management Company Ltd, as announced in a press release on April 28, 2025. The acquisition, finalized on April 25, 2025, involved BGM issuing 47.5 million Class A ordinary shares to YX's shareholders, valuing the deal at $95 million. This transaction results in YX's shareholders owning approximately 32.6% of BGM's equity interests.

The acquisition is a strategic move to bolster BGM's AI-driven transformation, particularly in enhancing its capabilities in large-scale operations and digital infrastructure. YX's expertise in business model optimization and technology iteration is expected to strengthen BGM's intelligent platform, facilitating the integration of AI into its core businesses, including intelligent insurance and mobility services.

BGM's CEO, Mr. Chen Xin, emphasized that the acquisition marks a significant milestone in the company's AI strategy, aiming to accelerate AI application across key sectors and drive long-term growth.

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