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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-02-19 Starlux
Information Technology
Hongkong, China

Starlux is a blockchain technology company focused on blockchain security and the application of blockchain technology.

Add-on Acquisition

Eason Technology
Company
Business Services
Wuhan, China

-
Deal Article Deal Link  
2025-01-27 Hupu
Digital Media
Beijing, China
www.hupu.com

Hupu is a sports media and data platform. Hupu is based in Beijing, China.

Add-on Acquisition
Value

$78

Xunlei
Company
Internet Software and Services
Shenzhen, China
www.xunlei.com

-
Deal Article Deal Link  
2025-01-20 De.Testing
Business Services
China

De.Testing is a medical device testing company, with a focus on orthopedics, dentistry, and medical device software, providing high-quality testing services and customizable technical solutions. De.Testing was formed in 2019 and is headquartered in China.

Add-on Acquisition

Applus+
Company
Business Services
Madrid, Spain
www.applus.com

-
Deal Article Deal Link  
2024-12-02 Bowong Technology
Information Technology
Shenzhen, China

Bowong Technology focuses on delivering comprehensive AI technologies and services for sellers on both emerging social e-commerce platforms and traditional e-commerce platforms. Bowong Technology is based in Shenzhen, China.

Add-on Acquisition

MultiMetaVerse
Company
Digital Media
Shanghai, China
www.multi-metaverse.com

-
Deal Article Deal Link  
2024-10-15 Young Will
Digital Media
Wuhan, China

Young Will is a talent management company specializing in short-form video content creation and influencer development. Young Will was founded in 2019 and is based in Wuhan, China.

Add-on Acquisition

NIP Group
Company
Digital Media
Stockholm, Sweden
www.nipgroup.gg

-
Deal Article Deal Link  
2024-09-20 Evirth
Food
Shanghai, China
www.evirthfood.com

Evirth is a manufacturer of frozen-to-chilled cakes and pastries. Evirth provides mille crepe cakes, Swiss cake rolls, mousse cakes, cheesecakes, puffs, daifuku, snowy mooncakes, cookies, and related products for membership clubs, retail chains, catering chains, new media retailers and other channels who serve great food. Evirth was formed in 2013 and is headquartered in Shanghai, China.

Add-on Acquisition

Mondelez International
Company
Food
Chicago, Illinois
www.mondelezinternational.com

-
Deal Article Deal Link  
2024-08-22 Vogon Cloud
Information Technology
Hong Kong, China
www.vogon.cloud

Vogon Cloud offers decentralized edge and hybrid cloud solutions across 16 global regions while incorporating a distributed and decentralized quantum ledger technology to enhance data security and sustainability features, surpassing traditional cloud services. Vogon Cloud is based in Hong Kong, China.

Add-on Acquisition

Spectral Capital
Company
Information Technology
Seattle, Washington
www.spectralcapital.com

-
Deal Article Deal Link  
2024-08-01 Belladati
Software
Singapore , China
www.belladati.com

BellaDati is an IoT Framework and advanced analytics cloud and on-premise platform. Large and medium Japanese enterprises are using it to build their own market vertical solutions and services worldwide. Belladati is based in Singapore.

Add-on Acquisition

Hagiwara Electric
Company
Electronics
Nagoya, Japan
www.hagiwara.co.jp

-
Deal Article Deal Link  
2024-06-13 LOPE Thermal Technology
Manufacturing
China
www.ltthex.com

LOPE Thermal Technology is a domestic professional manufacturer of condensing heat exchangers. It is engaged in the research and development, production and sales of condensing heat exchangers for the core accessories of gas wall-hung boilers. LOPE Thermal Technology was formed in 2004 and is headquartered in China.

Add-on Acquisition

Cubic
Company
Test/Measurement Equipment
Wuhan, China
en.gassensor.com.cn

-
Deal Article Deal Link  
2024-06-13 Jingding Electric
Manufacturing
Guangzhou, China
www.gzjddq.com

Jingding Electric is a technology company and specializing in researching and developing, manufacturing and selling various types of gas controlling valve, gas proportional valve, gas-air proportional valve, pressure maintaining valve, water flow sensor, water proportional valve, electric controlled water flow switch valve etc. Jingding Electric was formed in 2005 and is headquartered in Guangzhou, China.

Add-on Acquisition

Cubic
Company
Test/Measurement Equipment
Wuhan, China
en.gassensor.com.cn

-
Deal Article Deal Link  
2024-06-06 P.H. Garment
Apparel/Textiles
Hong Kong, China
www.phgmt.com.hk

P.H. Garment is a private label manufacturer of high-quality bras, shapewear and performance-driven active wear for world renowned fashion brands. P.H. Garment was formed in 1988 and is headquartered in Hong Kong.

Add-on Acquisition

Hop Lun
Company
Apparel/Textiles
Hong Kong, China
www.hoplun.com

-
Deal Article Deal Link  
2024-05-21 Oladance
Electronics
China
www.oladanceshop.com

Oladance is an earphone manufacturer designed to keep users aware of their surroundings during activities like running and workouts.

Add-on Acquisition
Value

$50

ByteDance
Company
Internet Software and Services
Beijing, China
www.bytedance.com

-
2024-05-01 Dose & Co
Consumer Products
Hong Kong, China
www.doseandco.com

Dose & Co provides collagen peptide supplements with science-based ingredients for visible improvements to hair, skin and nails. Dose & Co was founded in 2019 and is based in Hong Kong.

Add-on Acquisition

Vector Consumer
Company
Consumer Products
Merseyside, United Kingdom
www.vectorconsumer.com

-
Deal Article Deal Link  
2024-04-11 Pkfare
Internet Software and Services
Shenzhen, China
www.pkfare.com

Pkfare is a global travel trade marketplace that sources, aggregates, and delivers vital information on air tickets and hotel accommodations, tailored to meet the needs of B2B clients. The company seamlessly integrates with Global Distribution Systems (GDS), airlines, hotels, and travel suppliers worldwide, granting access to real-time global inventory and competitive pricing. It offers live inventories covering 600+ airlines (400+ Full Service Carriers and 200+ Low-Cost Carriers) and 650,000+ hotel properties across over 100 countries and regions. Pkfare is based in Shenzhen, China.

Add-on Acquisition

DerbySoft
Company
Information Technology
Dallas, Texas
www.derbysoft.com

-
Deal Article Deal Link  
2024-04-02 Evalart
Internet Software and Services
Santiago, China
www.evalart.com

Evalart is a Latin American provider of skill assessment software that provides a comprehensive suite of skills assessment tools, designed to streamline the hiring process and ensure the best fit between companies and potential employees. Evalart was founded in 2017 and is based in Santiago, Chile.

Advisor: FE International
Add-on Acquisition

Noosa Labs
Company
Business Services
Miami, Florida
www.noosalabs.com

-
Deal Article Deal Link  
2024-01-05 SanReno Therapeutics
Life Science
Shanghai, China
www.sanreno.com

SanReno Therapeutics is a clinical-stage enterprise specializing in the strategic development, exploration, and commercialization of revolutionary therapies tailored for kidney diseases. The company's key assets focus on treating Immunoglobulin A Nephropathy (IgAN). Atrasentan, an oral endothelian A receptor antagonist (ERA), has reached Phase 3 with success in reducing proteinuria. Zigakibart, its anti-APRIL (A Proliferation Inducing Ligand) antibody, received regulatory approval for Phase 3 studies. SanReno Therapeutics is based in Shanghai.

Add-on Acquisition

Novartis
Company
Life Science
Basel, Switzerland
www.novartis.com

-
Deal Article Deal Link  
Avg $254
7.1x EBITDA
1.1x REVENUE

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