AI
AiRWA Inc. Announces Acquisition of Best Life, an Expanding Import-Export Company, to Complement Its AI Data Training Business
Smyrna, Delaware, July 27, 2026 (GLOBE NEWSWIRE) -- AiRWA Inc. (Nasdaq: YYAI) (“AiRWA” or the “Company”) today announced that it has entered into a definitive agreement to acquire Hongkong Best Life Trade Co., Limited (“Best Life”), a rapidly expanding import-export company with operations across multiple international markets. The transaction includes a base purchase price of $50 million, together with contingent earn-out payments based on the achievement of specified financial milestones. For
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Smyrna, Delaware, July 27, 2026 (GLOBE NEWSWIRE) -- AiRWA Inc. (Nasdaq: YYAI) ("AiRWA" or the "Company") today announced that it has entered into a definitive agreement to acquire Hongkong Best Life Trade Co., Limited ("Best Life"), a rapidly expanding import-export company with operations across multiple international markets. The transaction includes a base purchase price of $50 million, together with contingent earn-out payments based on the achievement of specified financial milestones. For more than a decade, Best Life has specialized in the import and export of consumer and commercial goods between Japan, Hong Kong, and mainland China. The company also operates through a subsidiary in the United Kingdom and is in the process of establishing wholly owned subsidiaries in the United States, Canada, and New Zealand, further expanding its international footprint. Best Life's customer base includes Alibaba Health Hong Kong, AlipayHK, Tmall, Taobao, and Cainiao, with each relationship supported by formal cooperation agreements. The business has demonstrated consistent revenue growth and expects continued expansion over the coming years. Based on current business plans, management projects annual revenue to exceed $100 million within the next three fiscal years. Under the terms of the agreement, AiRWA will pay $30 million at closing, and $20 million within 90 days of closing, to purchase a 97% interest in Best Life through its holding company. Subject to Best Life achieving revenue targets of $10 million for fiscal year 2026, the Company will make an earn-out payment of $30 million, and if Best Life can achieve revenue of $25 million for fiscal year 2027, the Company will make an earn-out payment of $50 million. This performance-based structure aligns a substantial portion of the purchase consideration with Best Life's future operating results and reinforces the Company's disciplined approach to capital allocation. The closing of the acquisition is subject to customary closing conditions set forth in the agreement. This acquisition represents an important step in AiRWA's strategy to diversify and strengthen its revenue base while continuing to invest in its core artificial intelligence business. Revenue from the Company's AI-focused subsidiary, 26 Rafael, continues to perform in line with management's expectations and remains a key driver of long-term growt...