M&A Deal Summary

Cheer Holding Acquires YMT

On April 27, 2021, Cheer Holding acquired e-commerce company YMT

Acquisition Highlights
  • This is Cheer Holding’s 1st transaction in the E-Commerce sector.
  • This is Cheer Holding’s 1st transaction in China.

M&A Deal Summary

Date 2021-04-27
Target YMT
Sector E-Commerce
Buyer(s) Cheer Holding
Deal Type Add-on Acquisition

Target

YMT

Shanghai, China
Established in 2010 in China, YMT provides an independent cross-border e-commerce platform with over 100 million registered users in 88 countries and over 800 thousand online products available for sale daily. YMT has built its own international logistics service and created a global closed-loop e-commerce and logistics system. YMT has also established logistics centers in 13 metropolitan cities across the world, including New York, San Francisco, Los Angeles, London, Paris, Frankfurt, and Sydney.

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Buyer(S) 1

Buyer

Cheer Holding

Beijing, China

Category Company
Founded 2016
Sector Digital Media
Employees122
Revenue 147M USD (2024)
DESCRIPTION

Cheer Holding is a digital media platform and content-driven e-commerce company in China. Glory Star's ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people's lives. The Company's large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands. Cheer Holding was founded in 2016 and is based in Beijing, China.


DEAL STATS #
Overall 1 of 1
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2021 M&A 1 of 1