M&A Deal Summary

NetDragon Websoft Holdings Acquires Cherrypicks Alpha

On April 24, 2016, NetDragon Websoft Holdings acquired information technology company Cherrypicks Alpha

Acquisition Highlights
  • This is NetDragon Websoft Holdings’ 2nd transaction in the Information Technology sector.
  • This is NetDragon Websoft Holdings’ 3rd transaction in China.

M&A Deal Summary

Date 2016-04-24
Target Cherrypicks Alpha
Sector Information Technology
Buyer(s) NetDragon Websoft Holdings
Deal Type Add-on Acquisition

Target

Cherrypicks Alpha

Kowloon, China
Cherrypicks Alpha is a home-grown technology startup specializing in building shopping loyalty communities, SHOPPO, and applying leading-edge technologies in Augmented Reality and Proximity Detection and Indoor Positioning.

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Buyer(S) 1

Buyer

NetDragon Websoft Holdings

Fuzhou, China

Category Company
Founded 1999
Sector Digital Media
Employees3,408
Revenue 6.0B CNY (2024)
DESCRIPTION

NetDragon Websoft Holdings is an innovator in online gaming and mobile internet application industries, as well as developing online education, enterprise information systems and VR industry. NetDragon Websoft Holdings was founded in 1999 and is based in Fuzhou, China.


DEAL STATS #
Overall 3 of 5
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 5
Country: China M&A 3 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 ChiVox Co.

China

ChiVox Co. Ltd. is an intelligent voice and speech technology provider in China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 JumpStart Games

Torrance, California, United States

JumpStart Games, Inc. is a provider of educational products which specialize in creative and educational games for K-12 children. JumpStart Games, Inc. was founded in 1991 and is based in Torrance, California.

Buy -