New York, June 3, 2026, 08:03 (EDT)
- Baiya International was quoted at $0.9009 before the Nasdaq open, off roughly 2.2% from its last close.
- Siyu Yang stepped down as CEO and chair, according to a June 1 SEC filing, and Linxi Xie was named to both roles that day.
- Baiya’s digital-asset plan is in focus after the company reported last week it pulled in $35,216.58 from realized trading yield. Investors are watching for the next steps.
Baiya International Group Inc. shares slid in U.S. pre-market trading Wednesday after the China-based HR tech firm revealed a leadership shakeup earlier this week.
The stock, listed on Nasdaq, traded at $0.9009 in pre-market, off roughly 2.2% from Tuesday’s close. The main Nasdaq session opens at 9:30 a.m. and closes at 4 p.m. Eastern, but pre-market begins at 4 a.m. Moves can swing wider in that thin early trading, when there are fewer trades.
Baiya is working to keep investors focused as it deals with new leadership and shifts toward digital assets. Its main business is still flexible employment services in China. Baiya says it offers job matching, recruitment, labor dispatching and SaaS-enabled HR services. SaaS refers to software delivered over the internet.
Siyu Yang stepped down as CEO and chairman of Baiya, according to a filing with the U.S. Securities and Exchange Commission. The resignation took effect June 1. Baiya said Yang’s exit wasn’t tied to any dispute over how the company is run or its policies. Linxi Xie is now CEO and chair after being elected by the board.
Xie comes to the role with a finance-heavy résumé. According to the filing, she has over a decade working on overseas IPOs, cross-border capital markets, and planning and financing for mergers and acquisitions.
Market focus is also on what Xie will take on. On May 27, Baiya said its “Binance Plan,” a digital asset program using quantitative trading, made $35,216.58 in realized revenue in almost five trading days, a 3.52% return. Then-CEO Yang described those as “encouraging early results” and said the plan’s goal is to “align digital asset performance directly with shareholder value objectives.” GlobeNewswire
Baiya said under the framework, up to half of realized revenue may go toward possible future share buybacks. These would depend on market conditions, legal limits and board approval. The first amount involved is $17,608.29.
Kanzhun Ltd stands out against its rivals. The BOSS Zhipin operator reported on June 1 it has already spent close to 1.6 billion yuan on share buybacks this year and still holds approval to repurchase as much as $400 million more through Aug. 28, 2027.
Baiya’s risk looks simple. Fiscal 2025 revenue climbed 28.6% to $16.5 million, but net loss went up to $9.5 million from just $8,750 a year earlier. Cash at the end of 2025 was $0.7 million. Baiya burned $7.4 million of cash operating the business, while another $17.2 million in cash went to investing activities, most of that to short-term loans to outside parties.
There isn’t much space for a simple story here. Gains in digital assets could help keep attention on the stock and might even feed a buyback pool, but returns on crypto trades can swing hard the other way. The new CEO still needs to prove Baiya’s main jobs platform can grow without bigger losses. Investors also want reassurance the capital-market plan won’t pull focus from the core business they came for.
