6-K - RTCJF - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2023

Commission File No. 001-33176

Baijiayun Group Ltd

(Exact name of registrant as specified in its charter)

24F, A1 South Building, No. 32 Fengzhan Road

Yuhuatai District, Nanjing

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x	Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

EXHIBIT INDEX

Exhibit No.	Description
Exhibit 99.1	Investor Presentation

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Baijiayun Group Ltd
By:	/s/ Yong Fang
Name: Yong Fang
Title:    Chief Financial Officer

Dated: February 15, 2023

Exhibit 99.1

Baijiayun Group Ltd<br>Investor Presentation<br>A one-stop video technology<br>service provider<br>February 2023
Management Presentation - Disclaimer<br>1<br>This presentation and any accompanying verbal presentation (the "Presentation") have been prepared by Baijiayun Group Ltd (the “Company”) solely for informational<br>purposes and have not been independently verified. No representations, warranties or undertakings, express or implied, are made by the Company or any of its affiliates<br>or advisors as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in<br>this Presentation. None of the Company nor any of its affiliates or advisors accept any responsibility whatsoever (in negligence or otherwise) for any loss howsoever<br>arising from any information presented or contained in this Presentation or otherwise arising in connection with the Presentation. The information presented or<br>contained in this Presentation is subject to change without notice and its accuracy is not guaranteed.<br>Certain statements in this Presentation, and other statements that the Company may make, are forward-looking statements. These statements reflect the Company’s<br>intent, beliefs or current expectations about the future. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,”<br>“intends,” “anticipates,” “believes,” “confident” or words of similar meaning. These forward-looking statements are not guarantees of future performance and are based<br>on a number of assumptions about the Company’s operations and other factors, many of which are beyond the Company’s control, and accordingly, actual results may<br>differ materially from these forward-looking statements. Neither the Company nor any of its affiliates or advisors have any obligation and they do not undertake to<br>revise forward-looking statements to reflect future events or circumstances.<br>This Presentation does not constitute an offer to sell or issue or an invitation to purchase or subscribe for any securities of the Company for sale in the United States or<br>anywhere else. No securities of the Company may be sold in the United States without registration with the United States Securities and Exchange Commission (the<br>“SEC”) or an exemption from such registration pursuant to the Securities Act of 1933, as amended (the “Securities Act”) and the rules and regulations thereunder. No<br>part of this Presentation shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Specifically, these materials do not<br>constitute a “prospectus” within the meaning of the Securities Act. This Presentation does not contain all relevant information relating to the Company or its securities,<br>particularly with respect to the risks and special considerations involved with an investment in the securities of the Company and is qualified in its entirety by reference<br>to the detailed information in the prospectus and other filings with the SEC.<br>In evaluating its business, the Company uses certain non-GAAP measures as supplemental measures to review and assess its operating and financial performance. These<br>non-GAAP financial measures have limitations as analytical tools, and when assessing the Company’s operating and financial performances, investors should not<br>consider them in isolation, or as a substitute for any consolidated statement of operations data prepared in accordance with U.S. GAAP.
---
2<br>Corporate Overview<br>Business At-a-Glance<br>Baijiayun Group Ltd (NASDAQ: RTC) is a NASDAQ-listed company that<br>completed a merger in December 2022.<br>Leading integrated video-centric technology solutions provider in China<br>Core expertise in SaaS and PaaS solutions and top-tier customers in a wide<br>range of industries<br>Strong revenue growth to $69M (as of FY22) with a 2-year CAGR of 71%<br>Note: The financials are for BaiJiaYun Limited, the wholly-owned subsidiary of Baijiayun Group Ltd.
---
3<br>Investment Highlights<br>•One-stop video solutions provider enabling<br>ultra-low latency, concurrency, real-time<br>interaction, and data security.<br>Market-leading<br>core technology<br>• 2,830+ customers, including A-list companies<br>such as BMW, Medtronic, Roche, Volvo,<br>Hisense, JD.com, and others.<br>Premier customer<br>base<br>• 100+ sales reps, 15 cities covered, $680K* per<br>salesperson Effective sales<br>network<br>•Growing presence in healthcare, education,<br>automotive, communications, finance, and IT<br>industries<br>Expanding into<br>multiple verticals<br>•A CAGR of over 71% revenue growth from<br>FY2020 to FY2022<br>Strong growth<br>profile<br>23<br>41<br>69<br> $-<br> $10<br> $20<br> $30<br> $40<br> $50<br> $60<br> $70<br> $80<br>FY2020 FY2021 FY2022<br>Revenues ($m)<br>YoY<br>78%<br>YoY<br>68%<br>BaiJiaYun Limited Fiscal Year End 6/30<br>Note: The financials are for BaiJiaYun Limited, the wholly-owned subsidiary of Baijiayun Group Ltd<br>$680K refers to revenue per sales rep for BaiJiaYun Limited for FY2022.
---
4<br>Rapid Growth Since Inception<br>2017 2018 2019 Sep<br>2020<br>Sep<br>2020<br>2021 2022<br>Independent<br>Operation<br>Angel round funding<br>Involve strategy<br>investors<br>Series A funding<br>Revenue exceeded<br>14mm+ USD<br>Series A+ funding<br>Revenue exceeded<br>23mm+ USD<br>Series B+ funding<br>Revenue exceeded<br>$41 mm+ USD<br>Series C funding<br>Q4 2022<br>Listed on Nasdaq<br>with ticker RTC<br>Series B funding<br>Total capital raised<br>$58 mm+ USD from<br>inception<br>Baijiayun1.0 Baijiayun2.0 Baijiayun3.0<br>2014 to 2018<br>Product development to commercialization<br>2019 to 2021<br>Products standardization and Industry diversification<br>2022+<br>One-stop video technology service provider<br>Iterated products and applied services to more scenarios<br>Expanded industry customers and built benchmark<br>customers<br>Based on video technology, build a one-stop<br>technology service provider with a diversified<br>product matrix<br>Developed video technology<br>Completed commercialization of SaaS product
---
Providing vertically integrated solutions across the entire video cloud value<br>chain in China<br>Standardized platform as a service (PaaS + SaaS)<br>Scenario-oriented deployment customized to specific industry needs as well as<br>standardized services<br>Proprietary RTC video capabilities + cloud-based foundational network<br>infrastructure offer superior concurrency capacity, ultra-low latency, and high<br>video + audio quality<br>Developing cutting-edge AI applications in real-world environments to enhance<br>efficiency in industries with significant growth potential<br>5<br>Key Differentiators
---
Large and Growing<br>Market<br>Opportunities<br>Market size will reach about $7B<br>by 2025
---
Video Cloud Solutions Market Size will Reach ~ $7B<br>in China by 2025<br>7<br>Supply：New technologies took broadcasting to a new era<br>A revolution in content production<br>Every B-side company and C-side user can become a video<br>producer and distributor<br>Reduced latency<br>The 5G and cloud technologies make the ultra-low latency real-time interaction over broadcasting possible<br>Proven technical solutions<br>Our solution features a variety of technologies, such as multi-channel interaction, advanced encryption, among others<br>Demand：Video cloud will soon be a must-have in many<br>industries<br>Smart Healthcare Smart Transportation<br>Online school<br>Metaverse<br>E-Government Fintech<br>Video cloud is growing into a billion-dollar<br>market per a report from Frost and Sullivan<br>Industry CAGR<br>(2021-2025)<br>35<br>%<br>Total Solution CAGR<br>(2021-2025)<br>40<br>%<br>Total Solution Market<br>(2025E)<br>~7<br>8<br>24<br>2<br>7<br>2021A 2025E<br>Basic Infrastructure Total Solution<br>Unit：Billions USD<br>$10 B<br>$31 B<br>Note: market data per Frost and Sullivan research in July 2021
---
8<br>Video Cloud Market Size and Growth in International Markets<br>✔ Global online video platform market growing at 18.4% CAGR from 2021-28, reaching $22.85 billion<br>✔ Asia Pacific online video platform markets to grow at 20.5%<br>✔ COVID-19 pandemic dramatically increased remote connectivity and video conferencing<br>Grand view research<br>https://www.grandviewresearch.com/industry-analysis/online-video-platforms-market
---
Positioned for<br>Market Leadership
---
10<br>Strong Management Team with Track Record of Success<br>• Master in Computer Science at<br>Tsinghua University, with<br>research interests in video<br>coding and decoding and<br>video-on-demand.<br>• Served as senior technology<br>director in Microsoft, Intel,<br>Google, Sohu, Baidu and other<br>well-known companies.<br>• Holding 8 U.S. patents and<br>overseeing several key<br>government research projects.<br>• 15 years+ of experience in<br>audio and video R&D and<br>management.<br>Gangjiang Li<br>Founder & CEO<br>• EMBA degree at Tsinghua<br>University.<br>• Served as CTO of Sohu Video and<br>General Manager of 56.com, fully<br>responsible for the management<br>of Sohu Video's product,<br>technology and content operation.<br>• Focused on the exploration and<br>innovation in Internet technology,<br>leading the construction of<br>multiple system platforms and<br>exploration of innovative<br>technologies such as video<br>distributed CDN, H.265, video<br>gene, face recognition, etc.<br>Yi Ma<br>Co-founder & President<br>• MS in Accounting and Finance from<br>Temple University, USA and MBA<br>from Thomas Jefferson University.<br>• Worked in an international<br>accounting firm on audits of U.S.<br>listed companies and IPO audits, and<br>successfully led the listing of U.S. and<br>Hong Kong registered multinational<br>companies on the Hong Kong Main<br>Board.<br>• Certified U.S. CPA (California and<br>New York State) and International<br>Certified Fraud Examiner<br>certifications.<br>• 10+ years of experience in the<br>financial industry in the U.S.<br>Yong Fang<br>CFO<br>• Master of Computer Applications,<br>Laboratory of Pattern Recognition<br>and Artificial Intelligence,<br>University of Science and<br>Technology Beijing.<br>• Was a member of Sohu Group<br>Technical Committee, an expert in<br>audio and video technology, with<br>rich experience in video cloud<br>computing, RTC communication,<br>audio and video AI, etc., and<br>several innovative patents in video.<br>• He has 15 years of R&D and<br>management experience in large<br>Internet companies.<br>Zhiyun Yang<br>Technical Director & VP<br>• Graduated from Dalian University<br>of Technology with a major in<br>software engineering.<br>• In 2015, he joined Gaotu Group as<br>a product manager, responsible for<br>building eHR system, customer<br>service and other business<br>systems from 0 to 1.<br>• In 2017, he joined Bajiayun and is<br>currently the product leader,<br>responsible for coordinating the<br>team management and R&D of<br>SaaS product line.<br>Mu Li<br>Product Leader & Director
---
Unique Competitive Advantage: Advanced Self-developed<br>Video Technology<br>11<br>Core technology Technological Achievement<br>174<br>R&D Team<br>member<br>3<br>R&D<br>Center<br>Video<br>Tech<br>Audio<br>Tech<br>Internet<br>Trans<br>Tech<br>Core technology Technological Achievement<br>Ultra HD<br>picture quality<br>Narrowband<br>HD<br>Flexible<br>encoding<br>1HIFI Sound<br>Quality<br>BSDN<br>Cloud All-in-One<br>Ultra-high compression ratio video<br>compression technology based on AI and CAE<br>(Content-Aware Encoding)<br>Space-time domain scalable coding, up to 6<br>layers, no lag and no delay<br>Self-developed real-time distribution network<br>based on SDN architecture; global coverage,<br>availability >99.9%, providing users with a<br>real-time interoperability experience<br>comparable to that of dedicated lines<br>Full net work, terminals, scenarios coverage<br>with excellent user experience<br>The ultimate audio experience, supporting up<br>to 96khz full band sampling rate, the sound<br>quality is highly restored<br>Supports up to 8K, 12bit, providing high<br>fidelity and ultra-high reproduction picture<br>quality for industry users<br>3A Audio<br>Algorithm<br>80% Packet-loss resistance<br>Support dual-channel echo cancellation,<br>maximum 512ms delay; with beam formation,<br>de-reverberation, blind signal separation and<br>other audio processing functions<br>ARQ, ARC, FEC, RED multi-mode, multi-combination adaptive strategy, real-time<br>dynamic adjustment of code rate, frame rate,<br>code rate, video sampling rate, channel<br>bandwidth utilization up to 95% +<br>Our industry leading real-time communication PaaS cloud services help customers effortlessly build cloud<br>communication capability suited to their unique preferences<br>Note: R&D members are for BaiJiaYun Limited, the wholly-owned subsidiary of Baijiayun Group Ltd as of 6/30/2022
---
Comprehensive Video Technology Service<br>System in Three Main Categories<br>12<br>Video SaaS and PaaS Cloud Related Solutions Industry AI Solutions<br>Enterprise Live<br>Broadcast<br>Dual-teacher<br>Classroom<br>BRTC SCRM<br>Online Edu Digital Summit<br>Enterprise<br>Training<br>Smart School<br>Video Production Video AI<br>Dual-cyber<br>security system<br>Smart Business
---
13<br>Building an AI-enabled One-stop Video Solution<br>■ Fully self-developed technology underlay to achieve business<br>application agility and resilience<br>■ Export PaaS technology capabilities to help enterprises easily build<br>video services<br>Based on technology and<br>customer service experience,<br>provide one-stop video total<br>solution<br>Video Cloud Technology Services<br>PaaS<br>One of the world's leading RTC technologies<br>Pan-industry video cloud services<br>AI-enabled one-stop video technology service provider<br>■ Self-developed underlying technology, providing high-quality video<br>direct/on-demand and cloud communication services<br>■ SaaS-based delivery + enterprise private deployment. Meet all<br>aspects of training, marketing, meetings, etc.<br>Video Cloud Application<br>SaaS<br>Video Cloud<br>One-stop Solution<br>Building an enterprise-class video cloud<br>infrastructure<br>■ Deep learning + various AI technologies + fundamental video<br>technology<br>■ Provide integrated total solution of underlying technology +<br>hardware and software products + services
---
Winning Business Model Delivers Value &<br>Customization<br>2/8/23 14<br>Product Service Expansion<br>Baijiayun as one-stop video cloud<br>solution provider<br>Baijiayun is a one-stop integrated cloud video service provider, with a positive cycle of customer<br>acquisition, service, retention and profitability, continuing to expand<br>Limited function<br>Low barriers to competition<br>General purpose products<br>No customer service capability<br>Target vertical industries<br>Has barriers to enter new industry<br>Single product<br>mode video cloud<br>provider<br>High variety of products +<br>ready to use solution +AI<br>Better user experience<br>Service as the priority<br>High customer stickiness<br>Better LTV<br>Proven technology +<br>Experienced team<br>Able to cover all industry needs
---
15<br>Top-Tier Customers Across Multiple Verticals<br>Healthcare Industry<br>Global low latency<br>Precise synchronous<br>transmission<br>IT Industry<br>High system capacity<br>Global deployment<br>Auto Industry<br>Real-time interaction<br>Immersive experience<br>Finance Industry<br>High cyber security<br>standards<br>Education Industry<br>Global low latency<br>Precise synchronous<br>transmission
---
16<br>Go To Market Strategy - With an extensive sales network in the industry,<br>excellent service network throughout China<br>Covering five major zones in North China, East<br>China, South China, Northwest China, Southwest<br>China; Branch + R&D center + office<br>organizational structure<br>Beijing<br>Shanghai<br>Shenzhe<br>n<br>Robust Sales Network Excellent Services and<br>Support<br>✔ Pre-sales consulting services<br>✔ 724 hours after-sales support<br>✔ Most updated and ample SDK and<br>API options<br>✔ Equipment deployment service<br>✔ Development and customization<br>Service<br>✔ Five major zones in North China,<br>East China, South China,<br>Northwest China, Southwest<br>China<br>✔ Completing the coverage of<br>various vertical markets<br>✔ Professional team specializes in<br>each product and industry<br>✔ Diversified product cross-selling to<br>enhance customer stickiness<br>100+<br>Sales Reps<br>15<br>Cities<br>54%<br>CY20-CY22 Contract<br>Value CAGR<br>680K+*<br>Per Salesperson<br>Notes: 54% refers to contract value CAGR from calendar year 2020 to calendar year 2022;<br>** $680K refers to revenue per sales rep for BaiJiaYun Limited for FY2022; the financials are for BaiJiaYun Limited, the wholly-owned subsidiary of Baijiayun Group Ltd
---
17<br>Future of Baijiayun: AI-Powered Next-Generation Video Applications<br>More diverse scenarios<br>Meeting more needs<br>More Data<br>Better user experience<br>Product<br>Iteration<br>AI<br>Applications and Solutions Applications and Solutions<br>Education<br>Holographic Classroom<br>Cloud Proctoring<br>Smart School<br>Culture and<br>Entertainment<br>Video Social Media<br>Cloud Gaming<br>Virtual Concert<br>Healthcare<br>Remote Surgery<br>Finance<br>Bank Virtual Business Office<br>Video Car Insurance Claims<br>Media<br>Smart Customer Service<br>Virtual Streamer<br>Virtual Studio<br>Editor on the Cloud<br>Video Production<br>AI Medical Imaging<br>Securities Video Classroom<br>Remote Care<br>Consumer<br>Services
---
18<br>Key Performance Metrics<br>Industry leading video tech<br>provider<br>Notable user base<br>Wide industry coverage<br>A fast-growing company<br>among the leading players<br>$80 mm<br>Contract Value<br>$69 mm<br>Recognized Revenue<br>54%<br>CY20-CY22<br>Contract Value CAGR<br>27%<br>Gross Margin<br>20+<br>Industries Covered<br>2,800+<br>Accumulated Paying User<br>Refers to contract value for calendar year 2022<br>**Refers to contract value CAGR from calendar year 2020 to calendar year 2022<br>Note: The financials are for BaiJiaYun Limited, the wholly-owned subsidiary of Baijiayun Group Ltd for FY22
---
Customer Usage<br>Cases
---
20<br>Products - Smart Campus AI Solution<br>Safety education<br>Assist the school in establishing and<br>improving the standard documents for<br>the construction of the dual prevention<br>system; guide the school in organizing<br>the daily safety management system, job<br>responsibilities and other information<br>Home-school<br>communication<br>Providing a digital homeschool<br>management platform with<br>functions such as notification,<br>attendance management, grade<br>distribution, AI assessment, etc.<br>Extended classroom<br>Enriching the content of after-school services, providing<br>tutoring, guiding those who can<br>learn to expand their learning<br>space, and actively carrying out<br>extracurricular activities<br>IT transformation<br>Use of emerging technologies such as<br>cloud computing, Internet, mobile<br>Internet, big data, and artificial<br>intelligence to support the construction<br>smart schools.<br>Improve efficiency<br>• Build smart campus<br>system to enable data<br>sharing and improve<br>work efficiency<br>Revolutionary Teaching<br>Mode<br>• Multimedia teaching and online<br>learning to share teaching resources<br>and improve teaching quality<br>Security<br>• Build an AI empowered<br>campus security system<br>enables staff detect and<br>handle emergencies<br>instantly<br>Sensor Units<br>(Smart Hardware)<br>Infrastructure<br>Integrated Cabling<br>System<br>Smart Teaching<br>System<br>Campus Network<br>System<br>Campus Security<br>System<br>Campus LED<br>System<br>Campus Card<br>Application Scenarios and Solution Benefits<br>Based on video technology, integrating AI, IoT, cloud computing and many<br>other emerging technologies to bring changes to education, allowing<br>further integration of intelligent education and IT.
---
21<br>Products - Corporate Streaming & Training<br>With self-developed technology as the core, we provide enterprise-level<br>live video solutions for various industries to meet the needs of enterprises<br>in diversified scenarios of online live streaming<br>Independent deployment + personalized customization + massive course<br>market to help enterprises build a one-stop internal training platform,<br>covering the whole scenario of enterprise internal training platform<br>Corporate Streaming Corporate Training<br>20mm+<br>Users<br>98mm hrs<br>Service Streaming<br>Experience<br>6years<br>Online Launching<br>Events<br>Promotional<br>Streaming<br>Online Seminar Summit Conference<br>Massive training<br>resources<br>Data Security Customization<br>• Quality course resources from<br>various industries for enterprises<br>• Private deployment and multi-layer security measures to<br>ensure system stability and<br>employee data security<br>• Customized system<br>development services<br>for different enterprise<br>needs<br>Staff Training Promotion<br>assessment<br>Certificate<br>Issuance<br>Learning<br>Community<br>Knowledge Base<br>Construction<br>SCRM*
---
22<br>Products – Videoconferencing Products (Boom）<br>Application Scenarios and Solution Benefits<br>100K+<br>Participants Supported<br>by Boom<br>200+<br>Nodes Around<br>the World<br>100%<br>Self-developed<br>products<br>Boom Videoconference：<br>Multi-party real-time audio and<br>video conferencing, screen<br>sharing, wireless screen casting,<br>screen recording, whiteboard,<br>etc.<br>Boom Corporate Training ：<br>Focus on corporate training and<br>live conference scenarios, including<br>invitation, form filling, roll call, class<br>upload, recording, playback, and<br>evaluation<br>Boom Rooms：<br>Conference room solutions,<br>shared screens, wireless screen<br>casting, whiteboards,<br>operational rotoscoping, IT<br>device binding management<br>Open Platform API：<br>Helping enterprise IT, ISV system<br>integrators, SaaS service providers,<br>providing API interfaces to achieve<br>easy access to Boom video<br>conferencing for enterprise OA and<br>industry applications<br>Ultra-low Latency<br>• End-to-end latency within<br>200ms<br>• 160 million hours of<br>network-wide real-time<br>communication in 3 years<br>Audio and Video Codec<br>• Resilient SVC defies network<br>jitter<br>• High call quality under unideal<br>network condition<br>High System<br>Capacity<br>• Multi-cloud node access<br>• Support mullion level<br>concurrent uses.
---
Strong Growth<br>Profile
---
24<br>High Growth with Expected Profitability<br>23<br>41<br>69<br> -<br> 10<br> 20<br> 30<br> 40<br> 50<br> 60<br> 70<br> 80<br>FY2020 FY2021 FY2022<br>YoY<br>78%<br>YoY<br>68%<br>45%<br>18%<br>37%<br>SaaS/PaaS Cloud Related AI Solution<br>FY2020-2022 Revenue in Millions USD and YoY Growth<br>Products Revenue (in millions USD)<br>SaaS/PaaS 31.3<br>Cloud Related 12.2<br>AI Solution 25.1<br>Note: The financials are for BaiJiaYun Limited, a wholly-owned subsidiary of Baijiayun Group Ltd<br>Revenue by Product Type for FY2022
---
Guidance for FY2023<br>FY23 Guidance (issued as of January 20, 2023)<br>• Revenues of $90-103 million<br>• Non-GAAP net income of between $5-7 million<br>Note: Non-GAAP net profit margin before SBC and reverse acquisition-related expenses<br>Please refer to appendix as well as earnings PR on 1/20/23 for GAAP and Non-GAAP financials reconciliation<br>Guidance financials are for BaiJiaYun Limited, a wholly-owned subsidiary of Baijiayun Group Ltd<br>25
---
26<br>Appendix<br>GAAP to Non-GAAP Financials Reconciliation<br>Note: The financials are for BaiJiaYun Limited, a wholly-owned subsidiary of Baijiayun Group Ltd; no reconciliation needed for FY2020
---
Thank You<br>Website: www.baijiayun.com<br>Headquarter: 24F, A1 South Building, N0.32 Fengzhan Road, Yuhuatai District, Nanjing 210000, P.R.C.<br>Beijing Office: Tower 2C, Z Park Building 2, Haidian District, Beijing, 100000, P.R.C.<br>Investment: Yong Fang 13126803082<br>Business: Yuan Yin 17600909069
---