acquisition Archives

XPeng Motors Denies the Acquisition of Maserati

Recently, there were rumors that the emerging automaker Xpeng Motors would acquire the luxury car brand Maserati. However, Xpeng Motors has now denied these rumors.

Huobi Launches Refreshed Brand, Unveils Post-Acquisition Global Expansion Roadmap

Crypto exchange Huobi Global launched a refreshed branding strategy on November 22, under which it will now simply be known as "Huobi." The brand upgrade also came with the unveiling of a global expansion roadmap since it was acquired by About Capital Buyout Fund last month.

Wingtech’s Nexperia Acquires Dutch Chip Firm Nowi

Nexperia, a subsidiary of Hong Kong-based semiconductor company Wingtech, announced that it had completed an acquisition of Dutch chip firm Nowi on November 11.

Crypto Exchange Binance to Acquire Rival FTX, Drawing Antitrust Concerns

Crypto giant Binance said on November 8 that it has signed a non-binding letter of intent to fully acquire its rival FTX, helping to cover a liquidity crunch. Binance was the first investor to back FTX.

Gap Sells Greater China Business for $40M

Baozun, an e-commerce solutions provider based in China, announced on November 8 that it had signed definitive agreements to acquire Gap Greater China, the American clothing firm's regional division, in an all-cash transaction of $40 million.

Binance Invests $500M in Elon Musk’s Twitter Acquisition

With Elon Musk taking over Twitter, Binance, the world’s largest crypto exchange, confirmed on October 28 that it was an equity investor in the billionaire’s $44 billion acquisition.

NetEase Acquires French Game Developer and Publisher Quantic Dream

NetEase, a leading internet technology company based in China, announced on August 31 that its games division, NetEase Games, has acquired French game developer and publisher Quantic Dream S.A.

FTX Founder Denies Acquisition of Crypto Exchange Huobi

News emerged on August 29 that crypto exchange FTX has officially acquired its competitor Huobi and will change its name to HTX. However, this rumor was denied by FTX's founder and CEO Sam Bankman-Fried.

Full Truck Alliance May Acquire China Arm of Startup Plus

Reports have surfaced suggesting that digital freight platform Full Truck Alliance may acquire the China arm of Plus, an autonomous driving truck company.

Deppon Sees Major Executive Shakeup After Acquisition by JD Logistics

Following JD Logistics' acquisition of Deppon, its performance will soon be integrated into JD.com's system. Accordingly, Deppon's senior management team has undergone a large-scale adjustment.

Missfresh’s Bianligou Business Acquired for 30M Yuan

Bianligou, a vending machine business owned by Chinese grocery delivery startup Missfresh, has been acquired by Shenzhen Daily Convenience Technology Co., Ltd.

ByteDance Acquires High-End Women’s and Children’s Hospital Line Amcare

A pair of ByteDance subsidiaries have reportedly achieved a 100% shareholding ratio in Amcare, a high-end Chinese women's and children's hospital, as part of a move to explore the offline medical services sector.

Tai Group Acquires Social Product Huobi Chat

On August 3, Tai Group, a Hong Kong based investment holding group, announced that it had completed the acquisition of Huobi Chat, a social product owned by Huobi Group, a virtual asset financial service provider.

Newborn Town to Finish Privatizing LGBTQ Social Networking Platform BlueCity

The privatization of online LGBTQ platform BlueCity is nearing completion. Metaclass Management ELP, a fund owned by Chinese social networking product developer Newborn Town, will become its actual controller.

JD.com Subsidiary Completes Acquisition of CNLP

On July 14, Chinese e-commerce firm JD.com announced that its subsidiary, JD Intelligent Industry Development Group, had completed its compulsory acquisition of China Logistics Property Holdings (CNLP).

Bilibili Acquires Game Developer Beijing Shizhisha

Beijing-based mobile game developer Shizhisha became a wholly-owned subsidiary of Bilibili.

Ganfeng Lithium Acquires Argentina-Focused Lithea for $962M

On July 11, Chinese battery materials giant Ganfeng Lithium announced that its board of directors agreed that Ganfeng International, a wholly-owned subsidiary, would acquire Argentina-focused Lithea Inc. for up to $962 million.

Geely Chairman’s Venture Acquires Smartphone Brand Meizu

Xingji Technology, a mobile devices company founded by Geely's Chairman Eric Li, and smartphone brand Meizu held a strategic investment signing ceremony in Hangzhou on July 4.

eBay Acquires Leading NFT Marketplace KnownOrigin

eBay Inc., a global e-commerce leader that connects millions of sellers and buyers around the world, has acquired KnownOrigin, a non-fungible token (NFT) marketplace.

Geely’s Mobile Phone Company to Acquire 79.09% Stake in Meizu

Hubei Xingji Times Technology Co., Ltd., a smartphone business company owned by Geely, signed an agreement with smartphone maker Meizu and its shareholders to acquire a 79.09% equity stake in the company.

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