AiRWA Inc. has entered into a definitive agreement to acquire Hongkong Best Life Trade Co., Limited, an expanding import-export company, for a base purchase price of $50 million plus contingent earn-out payments. AiRWA will pay $30 million at closing and $20 million within 90 days to purchase a 97% interest in Best Life through its holding company, with additional earn-out payments of $30 million if Best Life achieves revenue of $10 million in fiscal 2026 and $50 million if revenue reaches $25 million in fiscal 2027. Best Life, which operates across Japan, Hong Kong, and mainland China with a UK subsidiary and plans for subsidiaries in the US, Canada, and New Zealand, counts Alibaba Health Hong Kong, AlipayHK, Tmall, Taobao, and Cainiao among its customers and projects annual revenue to exceed $100 million within three fiscal years. The acquisition is part of AiRWA's strategy to diversify revenue and complement its AI data training business while reducing reliance on technology licensing and social media advertising.
Alibaba Group Holding Ltd
Connexa Sports Technologies Inc.Best Life is being acquired for $50M base price plus earn-outs, a financial event that values the company.
