M&A Deal Summary

Sharing Economy International Acquires 3D Discovery

On December 11, 2017, Sharing Economy International acquired marketing company 3D Discovery for 30M HKD

Acquisition Highlights
  • This is Sharing Economy International’s 1st transaction in the Marketing sector.
  • This is Sharing Economy International’s 0th largest (disclosed) transaction.
  • This is Sharing Economy International’s 1st transaction in China.

M&A Deal Summary

Date 2017-12-11
Target 3D Discovery
Sector Marketing
Buyer(s) Sharing Economy International
Deal Type Add-on Acquisition
Deal Value 30M HKD

Target

3D Discovery

Wan Chai, China
3D Discovery Co. Ltd. is a digital marketing company for the property industry which uses latest computer vision technology to capture a physical space and showcase it with 360 virtual tour. 3D Discovery is based in Wan Chai, Hong Kong.

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Buyer(S) 1

Buyer

Sharing Economy International

Tuen Mun, China

Category Company
Founded 1987
Sector Machinery
Employees2
Revenue 10M USD (2018)
DESCRIPTION

Sharing Economy International is an entity which designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. The Company’s latest business initiatives are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover, the Company will actively pursue blockchain technology in its existing and to-be-acquired business, enabling the general public to realize the beauty of resource sharing. Sharing Economy International was founded in 1987 and is based in Tuen Mun, China.


DEAL STATS #
Overall 1 of 4
Sector (Marketing) 1 of 2
Type (Add-on Acquisition) 1 of 3
Country (China) 1 of 4
Year (2017) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 AnyWorkspace

Hong Kong, China

AnyWorkspace Ltd. is a real-time marketplace connecting providers of workspaces (such as desks, co-working areas, private offices, meeting rooms and event spaces) with those that need flexible workspace arrangements. Clients gain access to a reliable and easy-to-use platform, which makes it simple to book, compare, and review on the increasingly available options. AnyWorkspace has already successfully raised investment from experienced angel investors. Headquartered in Hong Kong, and with full-time representatives in Singapore and Jakarta, AnyWorkspace is rapidly expanding throughout other major Asian business cities throughout 2016 and 2017.

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