M&A Deal Summary

Baifendian Information Technology Co. Acquires InsightWorks

On November 29, 2017, Baifendian Information Technology Co. acquired internet software and services company InsightWorks

Acquisition Highlights
  • This is Baifendian Information Technology Co.’s 1st transaction in the Internet Software and Services sector.
  • This is Baifendian Information Technology Co.’s 1st transaction in China.

M&A Deal Summary

Date 2017-11-29
Target InsightWorks
Sector Internet Software and Services
Buyer(s) Baifendian Information Technology Co.
Deal Type Add-on Acquisition

Target

InsightWorks

China
InsightWorks is a Chinese online survey company. InsightWorks, as the pioneer and leader of consumer insight by combining big and survey data, takes the lead in launching Mobile Consumer Q&A Community and operates over 3 million active members, becoming the largest online consumer survey community in China.

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Buyer(S) 1

Buyer

Baifendian Information Technology Co.

Beijing, China

Category Company
Founded 2009
Sector Information Technology
DESCRIPTION

Baifendian Information Technology Co. Ltd. is a big data and AI solutions provider in China with the most complete big data and AI production lines. BAIFENDIAN is committed to the building of big data underlying technology platform, AI and intelligent application scenarios so as to help enterprises achieve the data asset management and value realization in a high-efficient and convenient way. Currently, BAIFENDIAN has expanded its presence into different industries including finance, manufacturing, public affairs, media&publishing, energy, transportation, e-commerce and retailing, with serving over 2,000 enterprise clients. Baifendian Group has created the biggest industry application model base and Knowledge Graph library in China to make its commitment to forge ahead industry user decision-making towards intelligent decision-making. Encouraged by various national policies including "Belt and Road Initiative", "Going-out Strategy" and "The Output of China National Soft Power", Baifendian Group is also the first builder of overseas national level big data and AI system.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2017 M&A 1 of 1