1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. China >
  5. Luokung Technology Acquires Hongda Jiutong

M&A Deal Summary

Luokung Technology Acquires Hongda Jiutong

On March 29, 2022, Luokung Technology acquired information technology company Hongda Jiutong

Acquisition Highlights
  • This is Luokung Technology’s 4th transaction in the Information Technology sector.
  • This is Luokung Technology’s 4th transaction in China.

M&A Deal Summary
Date 2022-03-29
Target Hongda Jiutong
Sector Information Technology
Buyer(s) Luokung Technology
Deal Type Add-on Acquisition

Target

Hongda Jiutong

Haidian District, China
Hongda Jiutong is a high-tech company in China focused on exploring the value of big data for intelligent transportation and connected vehicles. The company collects traffic information and discrete data of connected vehicles, and thorough analysis and processing, offers a multi-dimensional portfolio of data application products in transportation, logistics, automobile, insurance, mobile Internet, finance, and other industries. Through its in-depth data value exploration, Hongda Jiutong provides customers with big data services and solutions. Hongda Jiutong is based in Haidian District, , 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

Luokung Technology

Beijing, China
Category Company
Founded 2009
Sector Information Technology
Employees375
Revenue 10M USD (2023)
DESCRIPTION

Luokung Technology is a provider of rail Wi-Fi and mobile application products for long distance travelers in China. The company's core mobile application product includes Luokuang, an LBS-social contents, and services distribution platform that offers functions based on various travel scenarios, such as information, entertainment, travel, e-commerce, O2O, advertising, etc. Luokung Technology was founded in 2009 and is based in Beijing, China.

DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
Country: China M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Beijing Intelligent Technology Co.

Beijing, China

BotBrain AI is a domestic smart content solution provider, dedicated to using artificial intelligence in various application scenarios of content and knowledge. BotBrain is based in Beijing, China.

Buy -
Mergr

Solution for

Product

Company

Legal