Core Insights - Baiya International Group Inc. has announced the launch of UpTop.Meme on Binance Alpha, marking a significant step in its strategic commitment to decentralized finance (DeFi) and Web3 [1][5] - The company signed a merger framework agreement with Starfish Technology-FZE to acquire all equity interests and core assets, indicating a transformation into a next-generation capital market participant [4][5] Group 1: Company Developments - The UpTop platform aims to provide on-chain liquidity infrastructure for both native crypto assets and tokenized traditional financial assets, bridging traditional and future finance [3] - The merger with Starfish includes the integration of core assets, technical IP, and the operational team, enhancing BIYA's capabilities in the DeFi space [4] - BIYA's CEO emphasized the importance of UpTop's launch on Binance as a strategic milestone for transitioning into digital capital markets [5] Group 2: Industry Context - By joining Binance Alpha, UpTop gains visibility among elite crypto-native users and becomes a key project within the Binance ecosystem [2] - UpTop is rolling out an airdrop campaign and a global trading competition to incentivize user participation and enhance platform liquidity [2] - The platform supports token trading of equities, treasuries, and more, creating a permissionless global liquidity foundation [3]

From BNB Chain to Wall Street—congrats to @uptopmeme on its merger framework with NASDAQ-listed BIYA!UpTop.meme (@uptopmeme):Official Announcement: UPTOP has officially signed a strategic merger framework agreement with NASDAQ listed company BIYA!At 9:00 AM New York time, U.S. listed company BIYA (NASDAQ: BIYA) released news declaring the signing of a strategic merger agreement with UPTOP project ...

From BNB Chain to Wall Street—congrats to @UpTop_Meme on its merger framework with NASDAQ-listed BIYA!https://t.co/Zc776iFhMzUpTop.meme (@uptopmeme):Official Announcement: UPTOP has officially signed a strategic merger framework agreement with NASDAQ listed company BIYA!At 9:00 AM New York time, U.S. listed company BIYA (NASDAQ: BIYA) released news declaring the signing of a strategic merger agreement with UPTOP project ...

Core Viewpoint - Baiya International Group Inc. has signed a strategic merger framework agreement to acquire Starfish Technology-FZE, marking its transformation into digital assets and financial technology, entering the "Web3 New Era" of global capital markets [1][6] Group 1: Acquisition Details - The acquisition includes Starfish's UpTop.Meme platform, a decentralized liquidity protocol on BNB Chain, along with all associated intellectual property and operational rights [2][3] - The merger is expected to contribute an estimated $15 million in additional profit to Baiya [2] Group 2: UpTop.Meme Platform - UpTop.Meme is designed to provide on-chain liquidity services for crypto-native digital assets and tokenized U.S. stocks and treasuries, aiming to become the world's largest decentralized liquidity infrastructure [3] - The platform recently completed a successful presale allocation of $1.5 million within six minutes, attracting over 100,000 unique wallet addresses and an oversubscription exceeding $11 million [4] Group 3: Strategic Importance - The agreement is viewed as a pivotal milestone for Baiya, positioning the company as a pioneer in digital assets within U.S. public markets and bridging traditional finance with the decentralized economy [6] - Baiya plans to integrate its core team with UpTop to enhance technological strength and global operational capacity [2][6]

Core Insights - Baiya International Group Inc. has experienced significant growth in brand influence and business since its IPO on Nasdaq in March 2025, with expectations to generate over RMB 300 million in revenue and more than RMB 25 million in profit by the end of 2025 [1][2][3] Company Performance - The IPO has enhanced the brand credibility and market competitiveness of the Gongwuyuan platform, leading to concurrent growth in customer numbers and order volume in flexible employment, project outsourcing, and digital HR solutions [2][3] - The Gongwuyuan platform has gained strong recognition among medium- and large-sized enterprise clients, with increasing customer retention and platform engagement [2] Strategic Development - The company is focused on product optimization, technological innovation, and customer service, anticipating continued strong growth momentum in the second half of 2025 [3] - Plans include platform upgrades, integration of AI technologies in recruitment, and a nationwide channel expansion strategy to empower human resource services [3][4]

Core Viewpoint - Baiya International Group Inc. announced a partial waiver of lock-up restrictions on shares held by certain international groups, allowing for the sale of up to 2,950,000 shares following its recent IPO of 2,500,000 shares [1][2]. Group 1: Company Overview - Baiya International Group Inc. has transitioned from a job matching service provider to a cloud-based HR technology company, offering one-stop crowdsourcing recruitment and SaaS-enabled HR solutions through its Gongwuyuan Platform [4]. - The Gongwuyuan Platform is designed to enhance job matching and HR services in the flexible employment marketplace, integrating with traditional offline service models [4]. Group 2: IPO and Share Lock-Up - The partial waiver of the lock-up restriction will take effect on June 5, 2025, allowing the specified shares to be sold under the terms of the waiver [2]. - The lock-up period remains in effect for all other shares subject to the original agreements with the underwriters of the IPO [2].

Core Viewpoint - Baiya International Group Inc. reported a resilient performance for fiscal year 2024, achieving a revenue growth of 10.7% despite economic challenges, driven by a focus on project outsourcing services and strategic partnerships in the logistics sector [2][4]. Financial Performance - Net revenues for fiscal year 2024 were $12.8 million, an increase of 10.7% from $11.6 million in fiscal year 2023 [4][5]. - Gross profit rose to $1.4 million, reflecting a significant increase of 75.4% from $0.8 million in fiscal year 2023 [5][9]. - The company turned a net loss of $1.1 million in fiscal year 2023 into a net income of $6,687 in fiscal year 2024, with basic and diluted net income per share at $0.00 compared to a loss of $0.10 in the previous year [5][12]. Revenue Breakdown - Revenue from project outsourcing services was $12.8 million, marking a 26.6% increase from $10.1 million in fiscal year 2023, primarily due to new contracts with major customers [6][19]. - Revenue from entrusted recruitment services decreased by 97.2% to $0.04 million, attributed to the lingering effects of COVID-19 preventive measures [6][19]. - Revenue from other services increased by 155.6% to $3,050, mainly from software revenue [6]. Cost and Expenses - Total cost of revenue was $11.4 million, an increase of 5.8% from $10.8 million in fiscal year 2023 [8]. - Total operating expenses decreased by 11.7% to $1.3 million, driven by reductions in general and administrative expenses and research and development costs [10][19]. Cash Flow and Financial Condition - As of December 31, 2024, the company had cash of $1.7 million, a significant increase from $0.03 million in the previous year [13]. - Net cash provided by operating activities was $1.6 million, compared to a net cash used of $1.8 million in fiscal year 2023 [13][20]. Recent Developments - The company completed its initial public offering on March 24, 2025, raising gross proceeds of $10.0 million by offering 2,500,000 ordinary shares at $4.00 per share [14][15].