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BAIYU Holdings, Inc. - BYU STOCK NEWS

Welcome to our dedicated page for BAIYU Holdings news (Ticker: BYU), a resource for investors and traders seeking the latest updates and insights on BAIYU Holdings stock.

BAIYU Holdings, Inc. (NASDAQ: BYU), previously known as TD Holdings, Inc., is a prominent player in the B2B bulk commodity trading and supply chain service sectors in China. Headquartered in Shenzhen, China, the company is renowned for its role in the non-ferrous metals market, facilitating transactions between upstream metal and mineral suppliers and downstream customers.

BAIYU's core operations are divided into two main segments: Commodities Trading Business and Supply Chain Service Business. The Commodities Trading Business involves the procurement of non-ferrous metal products and their subsequent sale, while the Supply Chain Service Business offers a comprehensive suite of services including warehousing, logistics, futures trading, and digital intelligence supply chain solutions.

In a recent move to enhance its market presence, BAIYU Holdings has expanded its focus towards the new energy sector. The company is currently investing in and operating fast-charging power stations, commercial power stations, and photovoltaic systems. By providing integrated solutions such as energy storage and smart power management, BAIYU aims to support the global shift towards renewable energy and carbon neutrality.

On October 30, 2023, BAIYU Holdings officially changed its name from TD Holdings, Inc. and its ticker symbol to BYU. This transition was accompanied by a 1-for-50 reverse stock split to comply with Nasdaq's minimum bid price requirements.

Furthermore, the company has engaged in notable partnerships, such as the recent collaboration with JD Tech, a subsidiary of JD.com, to develop a trading payment platform for commodity enterprises. This partnership highlights BAIYU's commitment to leveraging digital technologies to optimize supply chain efficiency and reduce operational costs for its clients.

BAIYU Holdings, Inc. remains dedicated to providing secure, efficient, and reliable green energy solutions to its global clientele, emphasizing quality and safety in its operations. For more information on their projects and services, visit their investor relations page.

News
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BAIYU Holdings, Inc. (Nasdaq: BYU), a leading B2B bulk commodity e-commerce platform and supply chain service provider, has appointed Ms. Rongrong (Rita) Jiang as an independent director, effective July 15, 2024. She will serve on the Audit, Compensation, and Nominating and Governance Committees, replacing Mr. Xiangjun Wang.

Ms. Jiang brings over a decade of experience in entrepreneurship, executive management, corporate finance, and venture capital investment. She is a founding partner of Ginger Capital and co-founder of Whitestone Investment Management Her expertise includes market expansion, cross-border M&A, financial reporting, and IPO preparation.

CEO Renmei Ouyang expressed confidence that Ms. Jiang's expertise and experience in capital markets will be invaluable to BAIYU, enhancing transparency and public image.

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BAIYU Holdings has completed the acquisition of a controlling 60% stake in Electra New Energy Vehicle Inc (ENEV), a new energy vehicle company based in Los Angeles. The acquisition, finalized on June 14, 2024, aims to enhance BAIYU's presence in the NEV sector and bolster its global market reach. BAIYU's CEO, Ms. Renmei Ouyang, highlighted the strategic importance of merging the strengths and resources of both companies to drive sustainable growth and long-term shareholder value.

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BAIYU Holdings (Nasdaq: BYU) announced a memorandum of understanding (MoU) with industry experts to explore new energy vehicle (NEV) projects and international market ventures. This strategic move aims to expand BAIYU's presence in the global NEV market through Electra New Energy Vehicle, Inc. (ENEV), a U.S.-registered company in Los Angeles. BAIYU will hold a 60% equity interest in ENEV, while partners will hold 40%. BAIYU plans to invest $3 million in ENEV over the next three years. Under the MoU, BAIYU will manage operations, including procurement, manufacturing, and marketing in China, while partners focus on market development and financing internationally.

CEO Renmei Ouyang highlighted the potential for substantial value and sustainable growth through this collaboration, leveraging strengths in technology, operations, market channels, and supply chains.

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BAIYU Holdings, Inc. announces expansion of primary business operations, investing in fast charging stations and commercial machine stations to provide integrated new energy solutions. The company aims to provide all-round solutions and operations for global new energy storage systems and specialized application fields.
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BAIYU Holdings Inc. announced a service agreement between its subsidiary, Shenzhen Tongdow Internet Technology Co., Ltd., and Beijing Jingdong Financial Technology Holding Co., Ltd. The agreement aims to launch a trading payment platform for commodity enterprises. JD Tech, an affiliate of JD.com, will provide technical support for enterprise payment settlements and supply chain financing. The collaboration will deepen the partnership between BAIYU Holdings and JD Tech, offering comprehensive solutions for bulk commodity enterprises in online payment and financial technology needs.
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BAIYU Holdings, Inc. (formerly TD Holdings, Inc.) plans to change its name and ticker symbol, and effect a 1-for-50 reverse stock split. The reverse stock split is intended to bring the company into compliance with the Nasdaq Capital Market's minimum bid price requirements.
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FAQ

What does BAIYU Holdings, Inc. do?

BAIYU Holdings, Inc. is engaged in bulk B2B commodity trading and supply chain service business in China, focusing on non-ferrous metals and new energy solutions.

What was the recent name change for the company?

The company changed its name from TD Holdings, Inc. to BAIYU Holdings, Inc. and updated its ticker symbol from GLG to BYU on October 30, 2023.

What are the main business segments of BAIYU Holdings?

BAIYU Holdings operates in two main segments: Commodities Trading Business and Supply Chain Service Business.

What recent partnership has BAIYU Holdings entered into?

BAIYU Holdings recently partnered with JD Tech to create a trading payment platform for commodity enterprises.

What new energy projects is BAIYU Holdings involved in?

BAIYU is investing in fast-charging power stations, commercial power stations, photovoltaic systems, and integrated new energy solutions.

What is the purpose of the 1-for-50 reverse stock split?

The reverse stock split was primarily intended to meet the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market.

How does BAIYU Holdings support renewable energy?

BAIYU provides integrated solutions for energy storage, smart power management, and operates fast-charging stations to promote renewable energy.

Where is BAIYU Holdings headquartered?

BAIYU Holdings is headquartered in Shenzhen, China.

What is BAIYU Holdings' approach to supply chain services?

BAIYU offers a comprehensive one-stop supply chain service integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading.

Where can investors find more information about BAIYU Holdings?

Investors can visit the company's investor relations page on their official website for more information and updates.

BAIYU Holdings, Inc.

Nasdaq:BYU

BYU Rankings

BYU Stock Data

23.92M
19.94M
149.33%
0.38%
Commercial Banking
Finance and Insurance
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United States of America
SHENZHEN, GUANGDONG