Baiya International Group Inc Dossier
Qualitative Analysis
Business overview
Baiya International Group Inc. (Nasdaq: BIYA), formerly known as Polished.com Inc., is a Cayman Islands-based holding company that operates as a technology-driven human resources services provider in China. The company conducts its operations through its variable interest entity (VIE), Shenzhen Gongwuyuan Network Technology Co., Ltd. ("Gongwuyuan"), and its subsidiaries. Baiya specializes in flexible employment solutions, utilizing its cloud-based "Gongwuyuan" platform to offer job matching, entrusted recruitment, project outsourcing, and SaaS-enabled HR management solutions primarily targeting blue-collar workers in China's core manufacturing and logistics regions, such as the Pearl River Delta and Yangtze River Delta. In June 2026, the company entered into a definitive agreement to sell 100% of its wholly owned subsidiary Juxing Investment Group (Hong Kong) Limited, which indirectly controls the VIE structure, for $2,000,000, signaling a major corporate restructuring.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
A structured digital asset strategy focused on the long-term value of the Binance ecosystem. The company deployed $1 million in dedicated funds for the spot acquisition of Binance Coin (BNB) and activated four parallel dynamic algorithmic strategies (A-D) to manage range arbitrage, incremental realization, and systematic capital allocation.
Expected impact: Aims to align digital asset strategy execution with long-term shareholder value, with plans to allocate 50% of realized revenues to potential company share repurchases.
Strategic pivot to enter the digital asset, fintech, and Web3 sectors by acquiring Starfish Technology-FZE and integrating its flagship UpTop.Meme platform, a decentralized liquidity protocol built on BNB Chain.
Expected impact: Positions the company to participate in global digital finance, asset tokenization, and decentralized liquidity infrastructure.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To acquire 100% of Starfish and its flagship platform, UpTop.Meme (a decentralized liquidity protocol built on BNB Chain), marking the first piece of Baiya's comprehensive Web3 and digital asset strategy.
Financial impact: Paid via the issuance of 2,320,000 newly-issued Class A ordinary shares of Baiya.