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  5. BlueCity Holdings Acquires LESDO

M&A Deal Summary

BlueCity Holdings Acquires LESDO

On August 26, 2020, BlueCity Holdings acquired internet software and services company LESDO

Acquisition Highlights
  • This is BlueCity Holdings’ 1st transaction in the Internet Software and Services sector.
  • This is BlueCity Holdings’ 1st transaction in China.

M&A Deal Summary
Date 2020-08-26
Target LESDO
Sector Internet Software and Services
Buyer(s) BlueCity Holdings
Deal Type Add-on Acquisition

Target

LESDO

Guangzhou, China
LESDO is a location-based social networking service provider targeting the lesbian community in China. LESDO was formed in 2014 and is based in Guangzhou, China.

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Buyer(S) 1

Buyer

BlueCity Holdings

Beijing, China
Category Company
Founded 2011
Sector Internet Software and Services
Employees755
Revenue 1.0B CNY (2020)
DESCRIPTION

BlueCity is an internet company providing a full suite of high-quality services empowering a diverse group of people around the world. It operates a mobile app Blued, together with other products and services. Its LGBTQ platforms provide products and services, including social and entertainment, online health consulting and online pharmacy, and assisted reproductive technology service. BlueCity was founded in 2011 and ios based in Beijing, China.

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: 2020 M&A 1 of 1
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