Biddance Ai Systems completes acquisition of Ju Fu
BDAI•Biddance Ai Systems completed the final closing of its Ju Fu acquisition on October 29, 2026, paying US$5 million in cash and issuing 4 million Class A ordinary shares. Up to US$3 million in additional cash may become payable if specified performance targets are met.
1. Acquisition completed
Biddance Ai Systems completed the second and final closing of its Ju Fu acquisition on October 29, 2026. Ju Fu became a wholly owned subsidiary operating an advertising and digital marketing business under the Beijing Fourth Coco brand. The closing consideration included US$5 million in cash and 4 million Class A ordinary shares issued to the seller's designees; up to US$3 million in deferred cash may become payable subject to specified performance targets.
