On December 25, Baijiayun, a domestic audio and video technology service provider, announced the formal completion of the merger and listing transaction with Fuwei Films (Holdings) Co., Ltd. So far, Baijiayun has officially landed on NASDAQ and has become the first stock in China’s audio and video SaaS. The company’s new stock symbol will be changed to “RTC”, an acronym for “Real Time Communication”.
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