M&A Deal Summary

Beijing Zhuanzhuan Spirit Technology Acquires Shenzhen Matter-Rich Technology

On May 7, 2020, Beijing Zhuanzhuan Spirit Technology acquired internet software and services company Shenzhen Matter-Rich Technology for 360M CNY

Acquisition Highlights
  • This is Beijing Zhuanzhuan Spirit Technology’s 1st transaction in the Internet Software and Services sector.
  • This is Beijing Zhuanzhuan Spirit Technology’s largest (disclosed) transaction.
  • This is Beijing Zhuanzhuan Spirit Technology’s 1st transaction in China.

M&A Deal Summary
Date 2020-05-07
Target Shenzhen Matter-Rich Technology
Sector Internet Software and Services
Buyer(s) Beijing Zhuanzhuan Spirit Technology
Deal Type Add-on Acquisition
Deal Value 360M CNY

Target

Shenzhen Matter-Rich Technology

Shenzhen, China
Shenzhen Matter-Rich Technology Co., Ltd. operates the Zhaoliangji app (which translates into 'find nice phone'), an online platform for used mobile phones and accessories in China.

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Buyer(S) 1

Buyer

Beijing Zhuanzhuan Spirit Technology

Beijing, China
Category Company
Sector Internet Software and Services
DESCRIPTION

Beijing Zhuanzhuan Spirit Technology Co., Ltd. is an online used cellphones, homes, and pre-owned cars trading platform based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
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