M&A Deal Summary

Beike Acquires Shengdu

On April 20, 2022, Beike acquired business services company Shengdu for 3.9B CNY

Acquisition Highlights
  • This is Beike’s 1st transaction in the Business Services sector.
  • This is Beike’s largest (disclosed) transaction.
  • This is Beike’s 1st transaction in China.

M&A Deal Summary
Date 2022-04-20
Target Shengdu
Sector Business Services
Buyer(s) Beike
Deal Type Add-on Acquisition
Deal Value 3.9B CNY

Target

Shengdu

Hangzhou, China
Shengdu is a full-service home renovation service provider in China. With 20 years of operating experience, the company has now achieved full coverage in the East China market and is gradually expanding its business in more major cities across the country, providing quality one-stop home renovation and decoration services for a large customer base. Shengdu was formed in 2002 and is based in Hangzhou, China.

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Buyer(S) 1

Buyer

Beike

Beijing, China
Category Company
Founded 2001
Sector Internet Software and Services
Employees122,599
Revenue 77.8B CNY (2023)
DESCRIPTION

Beike is an integrated online and offline platform for housing transactions and services. The Company is a pioneer in building the industry infrastructure and standards in China to reinvent how service providers and housing customers efficiently navigate and consummate housing transactions, ranging from existing and new home sales, home rentals, to home renovation and furnishing, and other services. The Company owns and operates Lianjia, China’s leading real estate brokerage brand and an integral part of its platform. Beike was formed in 2001 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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