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BAIYU Holdings Stock Price, News & Analysis

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Company Description

BAIYU Holdings, Inc. (Nasdaq: GLG) is a leading commodities trading service provider headquartered in Shenzhen, China. Formerly known as TD Holdings, Inc., the company has recently undergone a significant transformation to expand its market presence and services.

The company primarily engages in the trading of non-ferrous metal products, purchasing these from upstream metal and mineral suppliers and selling them to downstream customers. Additionally, it offers a comprehensive supply chain service that integrates upstream and downstream enterprises, warehouses, logistics, information, and futures trading.

In a strategic move, the company has entered the renewable energy sector. Through its subsidiary Shenzhen Qianhai Baiyu Supply Chain Co., Ltd. ("Baiyu"), BAIYU Holdings has signed a procurement agency agreement with Shenzhen Jintongyuan Energy Storage Technology Co., Ltd. This agreement, valued at RMB1.2 billion (approximately US$165 million), focuses on procuring cobalt materials, vital for battery energy storage. This partnership underscores BAIYU's commitment to diversifying its service portfolio and increasing its presence in the renewable energy market.

Another notable development is the company's joint venture with Jintongyuan to establish Baiyu Energy Storage Technology Co. Ltd. in China. This venture will focus on developing high-performance energy storage batteries, particularly targeting the Southeast Asian market.

On October 27, 2023, BAIYU Holdings announced its plans to change its name from TD Holdings, Inc. to BAIYU Holdings, Inc., and its ticker symbol from GLG to BYU. The company will also effect a 1-for-50 reverse stock split to comply with the Nasdaq Capital Market's listing requirements.

BAIYU Holdings is dedicated to providing secure and reliable green energy solutions, focusing on fields such as clean energy, smart power, and fast-charging stations. With a strong emphasis on quality and safety, the company aims to offer integrated new energy solutions and operations worldwide.

For more information, please visit http://ir.tdglg.com.

Stock Performance

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Performance 1 year
$221.1K
Market Cap
3.8M
Shares outstanding

Latest News

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October 27, 2023
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BAIYU Holdings, Inc. (Formerly TD Holdings, Inc.) Announces Reverse Stock Split

August 28, 2023
9.18%

TD Holdings, Inc. Enters into a Strategic Cooperation Agreement to Develop Energy Storage Battery Project in Southeast Asia

August 24, 2023
22.39%

TD Holdings, Inc. Enters into a US$165 Million Procurement Agency Agreement

July 26, 2023
4.00%

TD Holdings, Inc.'s Tongdow Received "2023 Top 500 Chinese Brands" Award

July 24, 2023
0.00%

TD Holdings, Inc. CEO Ms. Renmei Ouyang Received the "2023 Brand Power Top Ten Businesswomen" Award

May 30, 2023
6.25%

TD Holdings, Inc. and Achieve Prosper Limited to Establish Joint Venture in Lombok, Indonesia for Mining Three Local Large Gold Deposits

SEC Filings

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No SEC filings available for BAIYU Holdings.

Financial Highlights

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Frequently Asked Questions

What is the market cap of BAIYU Holdings (GLG)?

The market cap of BAIYU Holdings (GLG) is approximately 221.1K.

What does BAIYU Holdings, Inc. do?

BAIYU Holdings, Inc. is a commodities trading service provider that also offers comprehensive supply chain services, particularly focusing on non-ferrous metal products and renewable energy solutions.

What recent partnerships has BAIYU Holdings announced?

BAIYU Holdings has partnered with Shenzhen Jintongyuan Energy Storage Technology Co., Ltd. for procuring cobalt materials and developing high-performance energy storage batteries.

What significant changes has the company undergone recently?

The company has changed its name from TD Holdings, Inc. to BAIYU Holdings, Inc., and its ticker symbol from GLG to BYU. It also implemented a 1-for-50 reverse stock split.

What is the focus of BAIYU Holdings in the renewable energy sector?

BAIYU Holdings focuses on expanding its network in photovoltaic, energy storage power, and fast-charging power stations, offering integrated new energy solutions.

What is the value of the procurement agreement with Jintongyuan?

The procurement agreement with Jintongyuan is valued at RMB1.2 billion (approximately US$165 million).

What new venture has BAIYU Holdings established?

BAIYU Holdings has established Baiyu Energy Storage Technology Co. Ltd., a joint venture with Jintongyuan, to develop high-performance energy storage batteries in Southeast Asia.

Why did the company implement a reverse stock split?

The reverse stock split was primarily intended to bring the company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market.

How does BAIYU Holdings ensure quality and safety in its operations?

BAIYU Holdings prioritizes quality and safety by upholding exceptional operation and maintenance standards and providing reliable green energy solutions.

Where can I find more information about BAIYU Holdings?

More information about BAIYU Holdings can be found on their investor relations website: http://ir.tdglg.com.

What industries does the company's new energy solutions cater to?

BAIYU Holdings' new energy solutions cater to industries like clean energy, smart power, intelligent photovoltaic systems, and fast-charging stations.