Baijiayun

Baijiayun is a Chinese real-time audio and video technology company that debuted on Nasdaq in December 2022 through a merger with Fuwei Films, becoming what was then called "China's first audio and video SaaS stock" with the ticker "RTC" . Founded in 2017, it originally spun out from Gaotu Techedu (then called Genshuixue), where it began as a live-streaming video service before expanding into a standalone B2B video cloud provider . The company offers video SaaS/PaaS products, video cloud software, and system solutions across education, automotive, finance, healthcare, and other sectors, with clients including BMW, Apple, and Industrial and Commercial Bank of China . As of its 2022 listing, Baijiayun had posted roughly 80% revenue growth from 2020 to 2021 and maintained profitability with around 10% net margins in both years . Gaorong Ventures, an early backer since 2017, held its stake through the IPO .