Baijiayun Group Ltd

Baijiayun Group Ltd. engages in the development, manufacture, and distribution of plastic film using the biaxially-oriented polyethylene terephthalate (BOPET) film. Its BOPET film is used for packaging food, medicine, cosmetics, tobacco, and alcohol, as well as in the imaging, electronics, and magnetic products industries. The company was founded on August 9, 2004 and is headquartered in Weifang, China.

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Baijiayun Group Ltd. engages in the provision of artificial intelligence video solutions. It offers software as a service (SaaS) and platform as a service (PaaS). The company was founded in August 9, 2004 and is headquartered in Nanjing, China.

BEIJING , March 18, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced that it received a notification letter dated March 14, 2024 (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the "Nasdaq"), indicating that the Company is not in compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules as the closing bid price of the Company's Class A ordinary share (the "Share") has been below US$1.00 per Share for a period of 30 consecutive trading days. The Notification Letter has no immediate impact on the Company's listing on the Nasdaq Global Market.

Baijiayun Group Ltd Announces Receipt of Nasdaq Notice

BEIJING , Jan. 30, 2024 /PRNewswire/ -- BaiJiaYun, a U.S. stock-listed company (stock code: RTC), today officially announced its deep cooperation with ZhongkeRuijian Technology Co., Ltd. (hereinafter referred to as ZhongkeRuijian).

Actively Exploring the Boundaries of Industrial Cooperation, BaiJiaYun and ZhongkeRuijian Signed Strategic Cooperation Agreement

BEIJING , Jan. 22, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced changes in its management and board of directors (the "Board"). Mr. Gangjiang Li has resigned as a member and chairman of the Board, a member and chairman of the compensation committee of the Board and the chief executive officer of the Company for personal reasons, effective from January 22, 2024.

Baijiayun Announces Changes in Management and Board of Directors

BEIJING , Nov. 17, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced that it received a notification letter dated November 16, 2023 (the "Notification Letter") from Nasdaq Listing Qualifications ("Nasdaq"), stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) since the Company did not timely file its annual report on Form 20-F for the fiscal year ended June 30, 2023 (the "2023 Annual Report"). Pursuant to the Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Notification Letter, or until January 16, 2024, to submit a plan to regain compliance (the "Compliance Plan").

Baijiayun Receives Nasdaq Notification Regarding Late Filing of 2023 Annual Report

BEIJING , Oct. 17, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced a change in its management. Mr. Yong Fang has tendered his resignation as the chief financial officer of the Company, effective from October 16, 2023.

Baijiayun Announces Change in Management

Presentation on Wednesday, October 4th at 2:00 PT Beijing, China--(Newsfile Corp. - September 28, 2023) - Baijiayun Group (NASDAQ: RTC), Baijiayun Group, a one-stop AI video solution provider, announced today that it will be presenting at the 16th annual Main Event on Wednesday, October 4th at 2:00 PT at the Luxe Sunset Boulevard Hotel. Yong Fang, CFO, will be giving the presentation.

Baijiayun Group Announces Participation in the LD Micro Main Event XVI

BEIJING, Sept. 28, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced that CFO, Mr.

Baijiayun to Present at 2023 LD Micro Main Event XVI

BEIJING , Aug. 31, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today announced the launch of its state-of-the-art large language model ("LLM") product "Questwave" for artificial intelligence generated content ("AIGC") across a wide range of application scenarios. Questwave is a powerful one-stop AIGC platform with a suite of applications that include LLM AI-driven customer service, formal document drafting, personal AI assistant, digital human interactive live streaming, and marketing content support.

Baijiayun Launches Cutting-edge Generative AI Large Language Model Product "Questwave"

BEIJING , June 30, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, announced that its Class A ordinary shares will be transferred from the Nasdaq Capital Market to the Nasdaq Global Market effective with the open of business on June 30, 2023. The shares will continue trading under its current ticker symbol "RTC.

Baijiayun Announces Inclusion in the Nasdaq Global Market

Leveraging large language model ("LLM") generative AI, MarketingEase is the first of its kind offering to enterprise customers in China MarketingEase provides an intelligent marketing team as a SaaS-based subscription model as well as customized private deployments BEIJING , June 22, 2023  /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video solution provider, today unveiled its first artificial intelligence generated content ("AIGC") solution "MarketingEase," to significantly enhance the marketing efficiency of enterprise customers in China. Baijiayun announced its latest product launch via a virtual live event combining AI technology with a sense of immersion in the real world on June 20, 2023.

Baijiayun Launches AI-enabled Video Platform "MarketingEase" to Enterprise Customers in China

BEIJING , June 22, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop video-centric technology solution provider, today announced that Mr. Gangjiang Li, Chairman of the Board and CEO, who is the beneficial owner of approximately 32.73% of the issued and outstanding shares of the Company, and Mr.

Baijiayun Announces Lock-Up Commitment by Certain Shareholders

Revenues grew by 32.2% as real-time video communication solutions see wider adoption and penetrate new vertical markets BEIJING , April 18, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a video-centric technology solution provider with core expertise in SaaS/PaaS solutions, today announced the unaudited financial results for the six months ended December 31, 2022 ("1HFY23"). Financial Highlights for the First Half of Fiscal Year 2023 Total revenues increased by 32.2% period-over-period to $40.9 million for 1HFY23 Gross margin was 17.7% for 1HFY23, compared to 30.7% for the prior year period  General and administrative expenses, as a percentage of total revenues, decreased to 2.9% for 1HFY23, compared to 15.1% for the prior year period Net income was $4.8 million for 1HFY23, compared to a net loss of $8.3 million for the prior year period Non-GAAP net income [1] was $2.9 million for 1HFY23, compared to non-GAAP net income of $0.4 million for the prior year period Non-GAAP adjusted EBITDA[1] was $1.6 million for 1HFY23, compared to non-GAAP adjusted EBITDA loss of $0.6 million for the prior year period "We delivered solid revenue growth during the first half of fiscal year 2023 and returned to profitability, benefiting from our differentiated value proposition as a one-stop video technology solutions provider in China," commented Mr.

Baijiayun Group Ltd Reports Financial Results For First Half of Fiscal Year 2023

BEIJING , April 14, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a video-centric technology solution provider with core expertise in SaaS/PaaS solutions, today announced that the Company is to introduce a range of artificial intelligence generated video ("AIGV") and content ("AIGC") solutions targeted to the needs of several strategic sectors.

Baijiayun to Launch Generative AI-Powered Video Solutions in Response to Demand from Enterprise Clients in China

BEIJING , March 30, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a video-centric technology solution provider with core expertise in SaaS/PaaS solutions, today announced that on March 30, 2023, it entered into an equity acquisition agreement (the "Agreement") with Wei Qu, Beijing Hydrogen Information Consulting Center L.P., and three other minority investors in Beijing Hydrogen Data Information Technology Co., Ltd.

Baijiayun to Acquire Beijing Hydrogen, an AI-enabled Marketing Service Provider in China

BEIJING , March 13, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a video-centric technology solution provider with core expertise in SaaS/PaaS solutions, today announced that on March 9, 2023, it entered into a securities purchase agreement (the "SPA") with Aoji Holdings Co., Ltd ("Aoji" or the "Purchaser") to divest the Company's 100% equity ownership in Fuwei Films (BVI) Co., Ltd. for a cash consideration of US$30 million (the "Transaction").

Baijiayun Group Ltd Completes Transition into a Pure-play RTC Provider with Divestiture of Fuwei Films

BEIJING , March 7, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a video-centric technology solution provider with core expertise in SaaS/PaaS solutions, today announced that it has entered into a securities purchase agreement and a two-year $10 million convertible note (the "Note") which may be convertible into the Company's Class A ordinary shares with BetterJoy Limited Partnership ("BetterJoy" or the "Holder") on February 20, 2023. The proceeds are to be used for working capital purposes.

Baijiayun Group Ltd Enters into a Two-Year $10M Convertible Note

BEIJING , Feb. 21, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a video-centric technology solution provider with core expertise in SaaS/PaaS solutions, today announced the results of its 2022 annual general meeting of shareholders (the "2022 Annual General Meeting"), which was held at 24F, A1 South Building, No. 32 Fengzhan Road, Yuhuatai District, Nanjing, China on February 20, 2023 at 10:00 a.m.

Baijiayun Group Ltd Announces Results of 2022 Annual General Meeting of Shareholders

Revenues of BaiJiaYun Limited grow by 65% as real-time video communications solutions see high adoption, penetrate new vertical markets BEIJING , Jan. 20, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC), a video-centric technology solution provider with core expertise in SaaS/PaaS solutions, today announced the financial results for the fiscal year ended June 30, 2022 of BaiJiaYun Limited, its wholly-owned subsidiary. Financial Highlights for the Fiscal Year Ended June 30, 2022 of BaiJiaYun Limited Total revenues increased by 65.5% year over year to $68.6 million for FY 2022  Selling and marketing expenses as a percentage of total revenues decreased from 15.8% for FY 2021to 10.8% for FY 2022 Net loss was $12.6 million for FY 2022 as compared to net income of $3.6 million for FY 2021 Non-GAAP net loss[1] was $1.7 million for FY 2022 compared to non-GAAP net income of $3.6 million for FY 2021  Non-GAAP adjusted EBITDA1 was negative $5.5 million for FY 2022 compared to positive $2.6 million for FY 2021 "We delivered blistering revenue growth last fiscal year, benefiting from our differentiated value proposition as a one-stop video technology solutions provider in China," commented Mr.

Baijiayun Group Ltd Announces Fiscal Year 2022 Financial Results of BaiJiaYun Limited, Its Wholly-owned Subsidiary

BEIJING , Jan. 18, 2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (Nasdaq: RTC) today announced that it would hold the 2022 annual general meeting of shareholders (the "2022 Annual General Meeting") at 24F, A1 South Building, No. 32 Fengzhan Road, Yuhuatai District, Nanjing, China on February 20, 2023 at 10:00 a.m.

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