On May 15th, the reporter learned from Baijiayun that Li Gangjiang, former chairman and major shareholder of Baijiayun Group, has cumulatively increased his holdings of 400000 shares of the company, with an average transaction price of $1.24 per share.
Li Gangjiang stated that increasing the company's shareholding is mainly based on confidence in the company's future development and recognition of its value. It is also a measure to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of employees, and enhance cohesion. I hope that this increase in holdings can help the company quickly enter a stage of high-quality growth, further closely integrate the interests of shareholders, the company, and employees, and promote the stable, healthy, and sustainable development of the company.
Baijia Cloud was founded in 2017 and went public in December 2022. It is the first stock of China's audio and video SaaS. In the fiscal year 2023, the company achieved a total revenue of 82.25 million US dollars, an increase of 20% from 68.6 million US dollars in the fiscal year 2022; The cumulative number of clients served has increased from 2830 as of fiscal year 2022 to 3487 as of fiscal year 2023, an increase of 23%.
In April 2024, Baijia Cloud upgraded its education sector business and added multiple new features to the new spring version. In addition, the market share of the integrated online teaching tool "Short Training Treasure" created by Baijia Cloud around knowledge payment and IP monetization has further increased.