Company overview

Baiya International Group Inc. helps customers in China get labor-intensive work done, including daily express-delivery assignments. Its operating business, Gongwuyuan, contracts with customers and arranges workers through third-party human-resource service companies. Gongwuyuan takes responsibility for meeting customers’ quality and quantity requirements and collects monthly fees based on completed assignments. This project-outsourcing business supplies most of its revenue; customers include China Postal Express & Logistics Co., Ltd.—Sihui City Branch.

Gongwuyuan also earns fees from employers for organizing recruitment and coordinating replacement workers, while employers hire the workers directly. The Gongwuyuan Platform connects employers, human-resource companies and blue-collar job seekers. The business depends on these companies supplying workers and on continued demand from a small group of major customers, which together account for most revenue.

Baiya is a Cayman Islands holding company. It receives economic benefits from Gongwuyuan through contracts rather than owning shares in the Chinese operating entities, because China restricts foreign ownership in value-added telecommunications services. Its operating model therefore depends on those contracts remaining enforceable and on the operating entities maintaining required licenses.