AiRWA Announces Best Life Acquisition to Diversify Revenue Beyond AI Business
AiRWA (NASDAQ:YYAI) has agreed to acquire a 97% stake in Hongkong Best Life Trade Co., Limited, an import-export company, in a deal valued at up to $130 million. The acquisition includes an initial $50 million payment ($30 million at closing and $20 million within 90 days) plus up to $80 million in contingent earn-out payments tied to revenue milestones: $30 million if Best Life achieves $10 million in fiscal 2026 revenue, and $50 million if it reaches $25 million in fiscal 2027 revenue. Best Life has operated for over a decade with customers including Alibaba Health Hong Kong, AlipayHK, Tmall, Taobao, and Cainiao, and has expansion plans in North America and New Zealand. The deal supports AiRWA's strategy to diversify revenue beyond AI technology licensing and digital advertising, which face increased counterparty risk and profitability pressure. Management noted its AI subsidiary, 26 Rafael, continues to perform in line with expectations.
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