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  5. Jumei Acquires Shenzhen Jiedian Technology Co.

M&A Deal Summary

Jumei Acquires Shenzhen Jiedian Technology Co.

On August 30, 2017, Jumei acquired business services company Shenzhen Jiedian Technology Co.

Acquisition Highlights
  • This is Jumei’s 1st transaction in the Business Services sector.
  • This is Jumei’s 1st transaction in China.

M&A Deal Summary
Date 2017-08-30
Target Shenzhen Jiedian Technology Co.
Sector Business Services
Buyer(s) Jumei
Deal Type Add-on Acquisition

Target

Shenzhen Jiedian Technology Co.

Shenzhen, China
Shenzhen Jiedian Technology Co. Ltd. is a provider of portable power bank sharing business. It facilitates master power charging boxes in highly frequented points of interest, such as restaurants, bars, gyms, airports, train stations, shopping malls, hair/beauty salons, hospitals and parks.

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Buyer(S) 1

Buyer

Jumei

Beijing, China
Category Company
Founded 2009
Sector E-Commerce
Employees3,005
Revenue 4.3B CNY (2018)
DESCRIPTION

Jumei is an online retailer of beauty products, providing high-demand branded products to young, urban female customers through merchandise and marketplace sales models. Jumei was founded in 2009 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2017 M&A 1 of 1
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