Billion Group Holdings is a small Hong Kong-based distributor of premium food products, operating through its wholly-owned subsidiary, Billion Enterprise International, which was founded in 2015. The company sources and resells luxury food ingredients to B2B customers — primarily catering distributors, five-star hotels, and high-net-worth households in Hong Kong. Its product line spans four categories: frozen foods (~47% of FY25 revenue), led by Wagyu beef sourced primarily from the U.S.; luxury seafood (~27%), including dried abalone and fish maw; fine wines and spirits (~22%), primarily Australian red wines and premium Chinese Baijiu; and a small experimental category (~4%) used to test new products. The company sells exclusively through B2B channels via multi-year distributorship agreements, fulfilling purchase orders on an as-needed basis. Billion Group uses a cost-plus pricing model, with value-based pricing layered on for scarce items like rare-vintage wines or ultra-premium Wagyu cuts. Gross margins are thin at roughly 17% in FY25, reflecting the competitive nature of luxury food distribution. The company operates as a lean trading intermediary — most Wagyu is shipped directly from suppliers to customers, limiting warehousing costs. The company employs only 9 full-time staff. Supplier concentration is a key risk: the top five suppliers account for 100% of purchases, with the primary supplier representing ~52% of total purchases. Billion Group filed an F-1 with the SEC in March 2026, seeking to list on Nasdaq under the ticker "BGHL."