Tian Ruixiang plans to acquire Asia's leading AI and cryptocurrency-enabled insurance brokerage company, with expected revenue to increase by 200 millions USD and an annual growth rate of 50%.

According to CoinWorld, Tian Ruixiang Holdings Ltd. (TIRX) is in advanced negotiations with a Hong Kong-based artificial intelligence and cryptocurrency brokerage firm with annual revenues exceeding $200 million, with plans to acquire the company. This share swap transaction aims to combine TIRX's artificial intelligence and digital currency infrastructure with the target company's wealth management expertise. It is expected to generate additional annual revenue of over $200 million, with a compound annual growth rate of 50% in revenue and net profit over the next three years.