M&A Deal Summary

Jiayin Group Acquires Shanghai Bweenet

On April 5, 2021, Jiayin Group acquired technology hardware company Shanghai Bweenet for 95M CNY

Acquisition Highlights
  • This is Jiayin Group’s 1st transaction in the Technology Hardware sector.
  • This is Jiayin Group’s 0th largest (disclosed) transaction.
  • This is Jiayin Group’s 1st transaction in China.

M&A Deal Summary
Date 2021-04-05
Target Shanghai Bweenet
Sector Technology Hardware
Buyer(s) Jiayin Group
Deal Type Add-on Acquisition
Deal Value 95M CNY

Target

Shanghai Bweenet

China
Shanghai Bweenet is principally engaged in design of chips specialized in cryptocurrency mining, design and distribution of cryptocurrency mining hardware, and management of cryptocurrency mining farms and mining pools.

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Buyer(S) 1

Buyer

Jiayin Group

Shanghai, China
Category Company
Founded 2011
Sector Information Technology
Employees925
Revenue 5.5B CNY (2023)
DESCRIPTION

Jiayin Group is a fintech platform committed to facilitating effective, transparent, secure, and fast connections between investors and borrowers, whose needs are underserved by traditional financial institutions. The Company operates a highly secure and open platform with a comprehensive risk management system and a proprietary and effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers. Jiayin Group was founded in 2011 and is based in Shanghai, China.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

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