M&A Deal Summary

UMeWorld Acquires Proud Kids Online English Education

On January 13, 2020, UMeWorld acquired internet software and services company Proud Kids Online English Education

Acquisition Highlights
  • This is UMeWorld’s 1st transaction in the Internet Software and Services sector.
  • This is UMeWorld’s 1st transaction in China.

M&A Deal Summary

Date 2020-01-13
Target Proud Kids Online English Education
Sector Internet Software and Services
Buyer(s) UMeWorld
Deal Type Add-on Acquisition

Target

Proud Kids Online English Education

Beijing, China
Proud Kids Online English Education, Inc. is an online English education platform in China. Proud Kids connect native English-speaking tutors from the UK, North America and South Africa and young learners between 4-12 years old in China.

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Buyer(S) 1

Buyer

UMeWorld

Hong Kong, China

Category Company
Sector Internet Software and Services
DESCRIPTION

UMeWorld Ltd. is an educational technology company and a visionary player in the online educational landscape in China. UMFun, K-12 flagship product, is a cloud-based assessment and learning analytics platform that can intelligently analyze and adapt to a student's performance and personalizes the delivery of proprietary educational items in accordance with their individual learning needs. UMFun is made available to Chinese K-12 students through China Mobile, the world's largest mobile service provider by network scale and subscriber base, serving over 887 million customers.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2020 M&A 1 of 1