M&A Deal Summary

Taoping Acquires Shen Zhen Biznest Internet Information Technology Co.

On March 24, 2015, Taoping acquired technology hardware company Shen Zhen Biznest Internet Information Technology Co. for 15M USD

Acquisition Highlights
  • This is Taoping’s 1st transaction in the Technology Hardware sector.
  • This is Taoping’s 2nd largest (disclosed) transaction.
  • This is Taoping’s 1st transaction in China.

M&A Deal Summary

Date 2015-03-24
Target Shen Zhen Biznest Internet Information Technology Co.
Sector Technology Hardware
Buyer(s) Taoping
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Shen Zhen Biznest Internet Information Technology Co.

Shenzhen, China
Shen Zhen Biznest Internet Information Technology Co., Ltd. is a provider of cloud computing infrastructures including cloud servers, cloud storage, cloud networks and virtual machines.

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Buyer(S) 1

Buyer

Taoping

Shenzhen, China

Category Company
Founded 1993
Sector Internet Software and Services
Employees63
Revenue 37M USD (2024)
DESCRIPTION

Taoping is a provider of integrated cloud-based platform, exchange, and big data solutions to the Chinese new media industry. Its Internet ecosystem enables all participants of the new media community to efficiently promote brands, disseminate knowledge, and exchange resource. Taoping was founded in 1993 and is based in Shenzhen, China.


DEAL STATS #
Overall 1 of 2
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: China M&A 1 of 2
Year: 2015 M&A 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-30 Skyladder Group

Shenzhen, China

Skyladder Group provides smart elevator services supported by artificial intelligence and IoT technologies. Skyladder Group's operations cover the full elevator lifecycle, including sales, installation, repair, maintenance, renovation, and upgrades. Skyladder Group is based in Shenzhen, China.

Buy $21M