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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-12-01 Wuhan Shibo Zhenmei Technology
Distribution
Wuhan Shi, China

Wuhan Shibo Zhenmei Technology is a private distributor of medical beauty products. Wuhan Shibo Zhenmei Technology is based in Wuhan Shi, China.

Add-on Acquisition

Solta Medical
Company
Medical Products
Hayward, California
www.solta.com

-
Deal Article Deal Link  
2025-11-11 COCOS
Digital Media
Xiamen, China
www.cocos.com

COCOS is a lightweight general-purpose game engine that boasts a complete workflow, including an IDE, along with a global community of over 1.7 million game developers. COCOS is based in Xiamen, China

Add-on Acquisition
Value

$72

SUD
Company
Digital Media
Singapore, Singapore
www.sud.tech

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Deal Article Deal Link  
2025-10-31 Openview
Business Services
Hong Kong, China
www.openview.hk

Openview provides social and environmental compliance solutions, including audits, training, program management, and capacity building for global brands and retailers. Openview was founded in 2008 and is headquartered in Hong Kong.

Add-on Acquisition

Centre Testing International Group
Company
Test/Measurement Equipment
Shenzhen, China
www.cti-cert.com

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Deal Article Deal Link  
2025-10-30 China Shengmu
Food
Hong Kong, China
www.shengmuorganicmilk.com

China Shengmu produces and markets dairy products made from organically sourced milk in China. The Company operates self-owned organic farms and processing facilities, offering a range of liquid milk and related dairy products for retail and industrial customers. Its operations include both upstream dairy farming and downstream production under the Shengmu brand. China Shengmu was founded in 2009 and is headquartered in Bayannur, Inner Mongolia, China.

Add-on Acquisition

China Modern Dairy Holdings
Company
Consumer Products
Maanshan, China
www.moderndairyir.com

EQT Private Capital Asia
Investor
Private Equity Firm
Hong Kong, China
www.eqtgroup.com/eqt-private-capital-asia

Deal Article Deal Link  
2025-10-28 Biortus
Life Science
Jiangyin, China
www.biortus.bio

Biortus is a contract research organization that provides integrated drug discovery services from gene synthesis to structure determination. The Company’s capabilities include protein production, biochemical and cellular assays, compound screening, X-ray crystallography, and cryo-electron microscopy. Biortus was founded in 2009 and is headquartered in Wuxi, China.

Add-on Acquisition

Pharmaron
Company
Life Science
Beijing, China
www.pharmaron.com

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Deal Article Deal Link  
2025-10-09 GoBlu
Information Technology
Hong Kong, China
www.goblu.net

GoBlu is a sustainability accelerator and technology provider for the textile and apparel industry. Its flagship platform, The BHive, enables wet processing facilities and suppliers to manage, verify, and report chemical usage in alignment with leading frameworks, including ZDHC and OEKO-TEX®. GoBlu was formed in 2015 and is headquartered in Hong Kong, China.

Add-on Acquisition

Worldly
Company
Information Technology
Concord, California
www.worldly.io

-
Deal Article Deal Link  
2025-09-30 Skyladder Group
Business Services
Shenzhen, China

Skyladder Group provides smart elevator services supported by artificial intelligence and IoT technologies. Skyladder Group's operations cover the full elevator lifecycle, including sales, installation, repair, maintenance, renovation, and upgrades. Skyladder Group is based in Shenzhen, China.

Add-on Acquisition
Value

$21

Taoping
Company
Internet Software and Services
Shenzhen, China
www.taop.com

-
Deal Article Deal Link  
2025-09-10 XINGCAN
Education
China

XINGCAN is an AI education innovation company, with a focus on the deep integration of "live streaming + education." The business model furnishes both a high-frequency entry point for users to acquire knowledge and a central hub in the closed loop of educational services. It has built a full-chain educational ecosystem covering "content production + live streaming interaction + teaching services + user growth." XINGCAN is based in China.

Add-on Acquisition

Kaixin Auto
Company
Automotive
Beijing, China
www.kaixin.com

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Deal Article Deal Link  
2025-08-20 Jiangsu Youlan
Internet Software and Services
China

Jiangsu Youlan specializes in internet information services and software, and AI developments, which will provide strong support for online recruitment and digital solutions.

Add-on Acquisition

Youlife
Company
Business Services
China
www.youlife.cn

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Deal Article Deal Link  
2025-08-20 Joins Hands
Information Technology
China

Joins Hands focuses on software development and human resources services, with a nationwide network that enhances integration of IT and talent services.

Add-on Acquisition

Youlife
Company
Business Services
China
www.youlife.cn

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Deal Article Deal Link  
2025-08-20 Guangxi Jiade
Staffing
China

Guangxi Jiade offers recruitment, labor dispatch, and employment management services to strengthen competitiveness in recruitment, flexible staffing, and outsourced HR services.

Add-on Acquisition

Youlife
Company
Business Services
China
www.youlife.cn

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Deal Article Deal Link  
2025-08-20 Bona
Education
China

Bona is engaged in providing vocational education to improve capabilities in talent training and education.

Add-on Acquisition

Youlife
Company
Business Services
China
www.youlife.cn

-
Deal Article Deal Link  
2025-07-28 UZ Energy
Energy Services and Equipment
Shenzhen, China
www.uzenergy.com

UZ Energy specializes in energy storage systems and is dedicated to helping the world store sustainable energy, simply and safely. It has over 500MWh of installed ESS in over 60 countries. UZ Energy was founded in 2013 and is based in Shenzhen, China.

Add-on Acquisition
Value

$26

SES AI
Company
Electrical Equipment
Woburn, Massachusetts
www.ses.ai

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Deal Article Deal Link  
2025-07-07 Secure Encryption Storage
Technology Hardware
Hong Kong, China
www.secures.hk

Secure Encryption Storage is an encryption hardware company that offers deployment across sensitive environments in Asia, including government agencies, telecom operators, financial institutions, aviation networks, and mobile device manufacturers. Its hardware is built on both symmetric and asymmetric cryptographic standards and designed for resilience against emerging quantum decryption threats.

Add-on Acquisition

VCI Global
Company
Diversified
Kuala Lumpur, Malaysia
www.v-capital.co

-
Deal Article Deal Link  
2025-06-03 Lead Fluid
Machinery
Baoding, China
www.leadfluid.com

Lead Fluid designs and manufactures advanced fluid-handling products, including peristaltic pumps, syringe pumps, gear pumps, and pump heads, used for life science applications requiring precise fluid delivery, sterile conditions, and gentle handling of sensitive materials. Lead Fluid was formed in 1999 and is headquartered in Baoding, China.

Add-on Acquisition

IR
Company
Machinery
Davidson, North Carolina
www.irco.com

-
2025-05-28 YD Network
Business Services
China

YD Network provides advanced intelligent stock trading through AI. Through its proprietary financial models and quantitative algorithms, the company offers services such as intelligent stock selection, trading strategy optimization, and risk management. Its solutions are used by a range of investors, including individual traders, investment banks, and private equity firms, with a significant successful track record in the U.S. stock and options markets.

Add-on Acquisition

BGM Group
Company
Life Science
Chengdu, China
www.bgmgroupltd.com

-
Deal Article Deal Link  
Avg $252
7.1x EBITDA
1.1x REVENUE

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