BMG Completed Acquisition of High-Quality Assets, Marking a New Chapter in Diversified Growth

Rhea-AI Summary

BGM Group (Nasdaq: BGM) has completed the acquisition of AIX Inc.'s intelligent platform, marking its entry into AI technology and financial/insurance services. Through the acquisition of RONS Technology and Xinbao Investment, BGM aims to integrate intelligent technology with biopharmaceuticals, strengthening its position at the intersection of healthcare technology and insurance technology.

The strategic move enables BGM to offer comprehensive health and insurance service solutions while pioneering the synergistic development of healthcare, pharmaceuticals, and insurance globally. The company plans to leverage its expertise in intelligence technology to enhance digital capabilities and adapt to pharmaceutical industry trends.

Positive

• Strategic expansion into AI insurance and healthcare sectors
• Integration of intelligent technology with biopharmaceutical resources
• Enhanced market competitiveness through technological synergies
• Access to growing aging population and healthcare market opportunities

Negative

• None.

CHENGDU, China, Dec. 27, 2024 /PRNewswire/ -- BGM Group Ltd. (Nasdaq: BGM) (the "Company" or "BGM"), a leading global pharmaceutical enterprise, today announced completion of the acquisition of the intelligent platform of AIX Inc. It marks BGM's official entry into the domains of AI intelligent technology and financial/insurance services, opening up new opportunities for the integrated development of healthcare, pharmaceuticals, and insurance on a global scale.

Through the acquisition of RONS Technology and Xinbao Investment, BGM will be able to integrate resources in intelligent technology and biopharmaceuticals, strengthening its market competitiveness at the intersection of healthcare technology and insurance technology. This will enable the Company to offer more comprehensive and intelligent health and insurance service solutions to users, while simultaneously pioneering the synergistic development of 'healthcare, pharmaceuticals, and insurance' on a global scale, further enhancing its global influence.

Mr. Chen Xin, CEO of BGM, stated: "This transaction represents a pivotal step in our strategic expansion into the AI insurance and healthcare sectors. The growing global aging population and increasing healthcare demands present significant market opportunities for our collaboration. Through this strategic deal, we will not only strengthen our technological competitiveness but also accelerate innovation in the healthcare industry. We are confident about the future and look forward to partnering with AIX to create a brighter tomorrow."

Mr. Yinan Hu, Vice Chairman and CEO of AIX, commented: "The transaction marks a significant milestone in our strategic positioning within the AI-driven insurance and healthcare sectors. This collaboration will be a win-win for both parties. We firmly believe that the deep integration of AI technology with the insurance and healthcare industries will bring unprecedented opportunities to the market. By further strengthening our strategic partnership with BGM, we will be able to leverage its leading position in the global healthcare sector, to drive innovation, and create new market value. Building on this foundation, we look forward to joining forces to explore and expand into new business areas in the future."

Through this acquisition, BGM will be able to fully leverage its extensive expertise in intelligence technology to enhance its own digital and intelligent capabilities. This will not only strengthen its technological competitiveness but also better position it to adapt to the evolving trends in the pharmaceutical industry. This strategic move further solidifies its leading position in the industry.

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SOURCE BGM Group Ltd

FAQ

What assets did BGM acquire in the December 2024 acquisition?

BGM acquired AIX Inc.'s intelligent platform, RONS Technology, and Xinbao Investment, expanding into AI technology and financial/insurance services.

How will the AIX platform acquisition benefit BGM's business model?

The acquisition enables BGM to integrate AI technology with healthcare and insurance services, offering comprehensive solutions and strengthening its market competitiveness.

What markets will BGM target following the AIX platform acquisition?

BGM will target the intersection of healthcare, pharmaceuticals, and insurance markets globally, focusing on serving the aging population's healthcare demands.

What technological capabilities will BGM gain from the AIX acquisition?

BGM will gain enhanced digital and intelligent capabilities, strengthening its technological competitiveness in the pharmaceutical industry.

How does the AIX acquisition align with BGM's strategic growth plans?

The acquisition aligns with BGM's strategy to expand into AI-driven insurance and healthcare sectors, leveraging technological integration for market expansion.