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  5. Scienjoy Holding Acquires BeeLive

M&A Deal Summary

Scienjoy Holding Acquires BeeLive

On August 12, 2020, Scienjoy Holding acquired internet software and services company BeeLive for 300M CNY

Acquisition Highlights
  • This is Scienjoy Holding’s 1st transaction in the Internet Software and Services sector.
  • This is Scienjoy Holding’s largest (disclosed) transaction.
  • This is Scienjoy Holding’s 1st transaction in China.

M&A Deal Summary
Date 2020-08-12
Target BeeLive
Sector Internet Software and Services
Buyer(s) Scienjoy Holding
Deal Type Add-on Acquisition
Deal Value 300M CNY

Target

BeeLive

China
BeeLive is a global live streaming platform that began expanding into international markets. To date, BeeLive has launched its Arabic language live streaming product in the Middle East and its Thai language live streaming product in Southeast Asia.

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Buyer(S) 1

Buyer

Scienjoy Holding

Hangzhou, China
Category Company
Founded 2011
Sector Media
Employees280
Revenue 1.4B USD (2024)
DESCRIPTION

Scienjoy Holding is a video entertainment social platform currently operates three primary online live streaming brands with their respective websites and mobile apps: Showself, Lehai, and Haixiu. Scienjoy Holding was founded in 2011 and is based in Hangzhou, China.

DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: China M&A 1 of 2
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-29 Beijing Weiliantong Tech

China

Beijing Weiliantong Tech is an own and operates Hongle.tv is a mobile phone live streaming platform focusing on younger generation at the age of 18 to 25 years old. Beijing Weiliantong Tech is based in China.

Buy $44M
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