Baijiayun announces plans to invest tens of millions of dollars

Baijiayun (RTC) Group announced a Letter to Investors, in which Baijiayun CEO Yi Ma stated that following its partnership with Xinlantian, the company plans to invest tens of millions of dollars over the next five years to establish new ecosystem for autism rehabilitation. Baijiayun CEO Yi Ma stated that over the past decade, Baijiayun has continuously deepened its presence in the education sector, possessing a strong technological moat and ecological synergy. Leveraging its experience and advantages in technological research and development, platform construction, and market operations, Baijiayun is confident in achieving significant results in the field of autism rehabilitation, creating new growth points for the company’s performance, bringing new possibilities for more “children of the stars” in the field of special education, and achieving a win-win situation for both corporate and social values. According to data from the 2023 China Disability Census Report, the number of autistic patients in China has exceeded 13M, making it the leading cause of mental disabilities among Chinese children. Currently, there are approximately 2M children with autism aged 0-14 nationwide, with an annual increase of about 160,000. The latest report released by the US Centers for Disease Control and Prevention, or CDC, in April this year also shows that about 1 in 31 US children is affected, indicating that the significant increase in the incidence of autism has become a global issue.