M&A Deal Summary

Baidu Acquires 91 Wireless Websoft Limited

On August 14, 2013, Baidu acquired internet software and services company 91 Wireless Websoft Limited from NetDragon Websoft Holdings for 1.9B USD

Acquisition Highlights
  • This is Baidu’s 3rd transaction in the Internet Software and Services sector.
  • This is Baidu’s 2nd largest (disclosed) transaction.
  • This is Baidu’s 3rd transaction in China.

M&A Deal Summary
Date 2013-08-14
Target 91 Wireless Websoft Limited
Sector Internet Software and Services
Buyer(s) Baidu
Sellers(s) NetDragon Websoft Holdings
Deal Type Divestiture
Deal Value 1.9B USD

Target

91 Wireless Websoft Limited

Fuzhou, China
website
91 Wireless is a mobile app marketplace and mobile game operator in China. 91 Wireless mainly engages in the development and operation of two leading smartphone app distribution platforms in China, namely 91 Assistant and HiMarket, community websites, 91 Launcher, 91 Panda Reader, as well as other popular products for smartphone users.

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Buyer(S) 1

Buyer

Baidu

Beijing, China

website

Category Company
Founded 2000
Sector Internet Software and Services
Employees45,500
Revenue 124.5B CNY (2021)
DESCRIPTION

Baidu is a Chinese language Internet search provider. Baidu aims to provide a way for people to find whatever they're looking for. In addition to serving individual Internet search users, Baidu provides a platform for businesses to reach potential customers. Baidu was founded in 2000 and is based in Beijing, China.

DEAL STATS #
Overall 4 of 8
Sector (Internet Software and Services) 3 of 4
Type (Divestiture) 1 of 2
Country (China) 3 of 5
Year (2013) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-07 PPS

China

PPS offers technologies in P2P online video transmission, PC software, and mobile apps.

Buy $370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-17 Uxin

Beijing, China

Uxin is a professional online transaction service provider for used cars. Uxin makes use of its proprietary "CheckAuto" system and advanced vehicle identification capabilities to ensure the quality of vehicles sold through its platform. Uxin was founded in 2011 and is based in Beijing, China.

Buy -

Seller(S) 1

SELLER

NetDragon Websoft Holdings

Fuzhou, China

website

Category Company
Founded 1999
Sector Digital Media
Employees4,689
Revenue 7.0B CNY (2021)
DESCRIPTION

NetDragon Websoft Holdings is a prominent innovator in China’s online gaming and mobile internet application industries, as well as a major force in developing Chinese online education, enterprise information systems and VR industry. NetDragon is named ‘the Key Software Enterprises under the State Planning Scheme’, ‘the National Cultural Industry Model Base’, and ‘the Key Enterprises of National Cultural Export’. NetDragon Websoft Holdings was founded in 1999 and is based in Fuzhou, China.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-07 Fujian TianDi Animation Technologies

Changle, China

Fujian TianDi Animation Technologies Co. Ltd. is a developer of digital animation software.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 ChiVox

China

ChiVox Co. Ltd. is an intelligent voice and speech technology provider in China.

Buy -
Mergr

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