Baosheng Media Group Holdings Ltd

Baosheng Media has signed a letter of intent to acquire 40% of Blue Intelligence Cloud Innovation Technology (Beijing) and aims to become a strategic shareholder of the AI service provider for data‑driven marketing. Blue Intelligence is to remain operationally independent, with the remaining 60% staying with the existing shareholders. Baosheng expects the transaction to give it access to AI‑powered capabilities for content creation, user data analysis and marketing automation; completion depends on a 30‑day due diligence period and final agreements. » Altro su de.investing.com

Baosheng Media has signed a non-binding letter of intent with Beijing Zhongcheng Kexin to explore a collaboration in cultural tourism. The plan is to integrate Baosheng’s AI-powered short-video and live-streaming marketing with Zhongcheng’s intelligent infrastructure to create an AI service and marketing platform for tourist attractions. The agreement is non-binding and there is no guarantee of a final implementation; Baosheng is facing financial difficulties and reported only USD 0.57 million in revenue over the past twelve months. Internally, Baosheng aims to raise the AI share of revenue to about 30% in the short term and to roughly 65% within three years, while an InvestingPro analysis rates the stock as undervalued at USD 2.51. » Altro su de.investing.com

Baosheng Media Group agreed to a private placement of 25,000,000 ordinary shares with selected investors for a total price of 12,536,125 USD. 24,880,018 shares were sold at 0.492 USD each and 119,982 shares at 2.46 USD each. The shares are being issued as an offshore transaction under Regulation S; upon closing the company expects to have 26,534,487 issued and outstanding ordinary shares. » Altro su de.investing.com