M&A Deal Summary

Kaixin Auto Acquires XINGCAN

On September 10, 2025, Kaixin Auto acquired education company XINGCAN

Acquisition Highlights
  • This is Kaixin Auto’s 1st transaction in the Education sector.
  • This is Kaixin Auto’s 5th transaction in China.

M&A Deal Summary

Date 2025-09-10
Target XINGCAN
Sector Education
Buyer(s) Kaixin Auto
Deal Type Add-on Acquisition

Target

XINGCAN

China
XINGCAN is an AI education innovation company, with a focus on the deep integration of "live streaming + education." The business model furnishes both a high-frequency entry point for users to acquire knowledge and a central hub in the closed loop of educational services. It has built a full-chain educational ecosystem covering "content production + live streaming interaction + teaching services + user growth." XINGCAN is based in China.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Kaixin Auto

Beijing, China

Category Company
Sector Automotive
Employees19
Revenue 32M USD (2023)
DESCRIPTION

Kaixin Auto is a primary dealership network in the premium used car segment in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both a strong online and offline presence, Kaixin has transformed from a tech-enabled financing platform into a nationwide dealer network that combines its own and affiliated dealers as well as value-added services. Kaixin Auto is based in Hangzhou, China.


DEAL STATS #
Overall 5 of 5
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
Country: China M&A 5 of 5
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 WM Motor

Shanghai, China

WM Motor is a smart energy vehicle company in China with full capabilities in product design, R&D, supply chain management, vehicle and battery pack manufacturing, online digital marketing, sales and services channels (online and offline), and auto financing. It possesses its own core technologies in the fields of vehicle integration, battery, motor and electric control systems, smart cockpit, and autonomous driving. WM Motor is based in Shanghai, China.

Buy -