32 Acquisitions of Companies in China

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in China. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 32 acquisitions that took place in China .

Tengwei Electronics acquired by Guangzhou Tinci Materials Technology

Details about the transaction:

Acquisition amount:

$5,337,682

Announcement:

25 November 2022

Details about the company:

Electronic adhesives are the primary area of innovation for Tengwei Electronics.

Headquarter:

Dongguan, Hebei, China

Where to find them:

Industry:

Electrical Distribution, Electronics, Industrial

Details about the buyer:

Fine chemicals and novel materials are developed, produced, and sold by Guangzhou Tinci Materials Technology.

Headquarter:

Guanzhou, Guangdong, China

Where to find them:

Hefei Zhongke Health acquired by Cabio

Details about the transaction:

Acquisition amount:

$4,156,812

Announcement:

28 December 2022

Details about the company:

A corporation focused on industrial research and development is Hefei Zhongke Health.

Headquarter:

Hefei, Anhui, China

Where to find them:

Industry:

Cosmetics, Health Care, Medical

Details about the buyer:

Arachidonic acid (ARA), docosahexaenoic acid (DHA), and other premium food components are produced by Cabio.

Headquarter:

Wuhan, Hubei, China

Where to find them:

Chint Science and Technology Innovation Park acquired by Chint Electrics

Details about the transaction:

Acquisition amount:

$36,079,891

Announcement:

22 December 2022

Details about the company:

Science and technology innovation and entrepreneurship parks are developed by CSTIP.

Headquarter:

Liushi, Zhejiang, China

Where to find them:

Industry:

Advanced Materials, Corporate Training, Project Management

Details about the buyer:

Low voltage electric appliances are produced by Zhejiang Chint Electrics Co., Ltd.

Headquarter:

Yueqing, Zhejiang, China

Where to find them:

Chunsheng Pharmaceutical acquired by Kanghui Pharmaceutical

Details about the transaction:

Acquisition amount:

$8,023,619

Announcement:

30 November 2022

Details about the company:

Chunsheng Pharmaceutical is a maker of traditional Chinese medicine decoctions that does research and development.

Headquarter:

Chengdu, Sichuan, China

Where to find them:

Industry:

Health Care, Medical, Pharmaceutical

Details about the buyer:

Pharmaceuticals are produced by Shaanxi Kanghui Pharmaceutical.

Headquarter:

Xianyang, Shaanxi, China

Where to find them:

Yien New Power acquired by Yantai Eddie Precision Machinery

Details about the transaction:

Acquisition amount:

$17,034,566

Announcement:

15 November 2022

Details about the company:

Under HyperStrong, Yien New Power is a top domestic battery system integrator.

Headquarter:

Jinan, Shandong, China

Where to find them:

Industry:

Battery, Energy, Manufacturing

Details about the buyer:

Construction equipment attachments are created, made, and sold by Yantai Eddie Precision Machinery.

Headquarter:

Yantai, Liaoning, China

Where to find them:

fUGAO acquired by Wonders Information

Details about the transaction:

Acquisition amount:

$97,242,542

Announcement:

30 July 2014

Details about the company:

A firm that offers medical information system solutions is called fUGAO.

Headquarter:

Shanghai, Shanghai, China

Where to find them:

Industry:

Health Care, Medical, Software

Details about the buyer:

A supplier of software and services for information technology in the public sector is Wonders Information.

Headquarter:

Minhang, Shanghai, China

Where to find them:

Dacheng Network acquired by KongZhong

Details about the transaction:

Acquisition amount:

$80,000,000

Announcement:

15 December 2009

Details about the company:

A provider of online interactive entertainment is Dacheng Network.

Headquarter:

Shanghai, Shanghai, China

Where to find them:

Industry:

Digital Entertainment, eSports, Gaming

Details about the buyer:

KongZhong offers consumers in the People's Republic of China digital entertainment services.

Headquarter:

Beijing, Beijing, China

Where to find them:

Pu'an Pharmaceutical acquired by Gansu Longshenrongfa Pharmaceutical Industry

Details about the transaction:

Acquisition amount:

$45,732,563

Announcement:

24 September 2022

Details about the company:

State-owned high-tech company Pu'an Pharmaceutical integrates drug research and development, manufacture, and sales.

Headquarter:

Wuwei, Gansu, China

Where to find them:

Industry:

Biopharma, Biotechnology, Health Care, Medical, Pharmaceutical

Details about the buyer:

A pharmaceutical business is Gansu Longshenrongfa Pharmaceutical Industry.

Headquarter:

Lanzhou, Gansu, China

Where to find them:

GTMAP acquired by SuperMap

Details about the transaction:

Acquisition amount:

$71,641,616

Announcement:

4 January 2016

Details about the company:

GIS and e-government software, data engineering, surveying and mapping engineering, and map services are GTMAP's areas of expertise.

Headquarter:

Nanjing, Jiangsu, China

Where to find them:

Industry:

Geospatial, Mapping Services, Software

Details about the buyer:

A cutting-edge GIS platform software and service provider is SuperMap.

Headquarter:

Central, Hong Kong Island, Hong Kong

Where to find them:

Heilongjiang Haihe Beverage acquired by Taihe Water

Details about the transaction:

Acquisition amount:

$9,766,203

Announcement:

3 August 2022

Details about the company:

The goal of Heilongjiang Haihe Beverage is to produce and market natural soda water.

Headquarter:

Guangzhou, Guangdong, China

Where to find them:

Industry:

Catering, Food and Beverage, Sales

Details about the buyer:

Underwater ecological restoration research and development are activities of Taihe Water.

Headquarter:

Shanghai, Shanghai, China

Where to find them:

E-Mantech acquired by Yachuang Electronics Group

Details about the transaction:

Acquisition amount:

$18,344,979

Announcement:

9 January 2022

Details about the company:

E-Mantech is a wholesaler of electronic components and a supplier of Internet of Things solutions.

Headquarter:

Shenzhen, Guangdong, China

Where to find them:

Industry:

Automotive, Electronics, Hardware, Internet of Things, Sales, Telecommunications

Details about the buyer:

Vehicle active and passive parts are distributed by TEXIN. They also offer navigation and entertainment systems for vehicles.

Headquarter:

Shanghai, Shanghai, China

Where to find them:

Xiangyu Biotechnology acquired by Hubei Forbon Technology

Details about the transaction:

Acquisition amount:

$13,742,736

Announcement:

13 December 2021

Details about the company:

A technological enterprise called Xiangyu Biotechnology creates and manufactures colorants.

Headquarter:

Hunan, Fujian, China

Where to find them:

Industry:

Biotechnology, Chemical, Chemical Engineering, Food and Beverage, Pharmaceutical

Details about the buyer:

Chinese supplier of agricultural inputs.

Headquarter:

Wuhan, Hubei, China

Where to find them:

iResearch Consulting Group acquired by AsiaInfo

Details about the transaction:

Acquisition amount:

$80,562,352

Announcement:

14 January 2022

Details about the company:

iResearch concentrates on doing research on China's internet market while offering its clients technological goods and solutions.

Headquarter:

Beijing, Beijing, China

Where to find them:

Industry:

Internet

Details about the buyer:

AsiaInfo is a cutting-edge supplier of IT services and software to the telecoms sector.

Headquarter:

Beijing, Beijing, China

Where to find them:

Moneywise Software acquired by Ufida Happiness Capital

Details about the transaction:

Acquisition amount:

$6,041,730

Announcement:

1 April 2004

Details about the company:

Personal bookkeeping, family bookkeeping, investing, and other topics are the main areas of concentration for Moneywise Software.

Headquarter:

Chengdu, Sichuan, China

Where to find them:

Industry:

Financial Services, Software

Details about the buyer:

Providers of information technology (IT) services include Ufida Happiness Capital.

Headquarter:

Beijing, Beijing, China

Where to find them:

Zhou's Plastic acquired by Dawn

Details about the transaction:

Acquisition amount:

$2,342,319

Announcement:

30 December 2022

Details about the company:

Manufacturer of plastic packing bags Zhou's Plastic specializes in the packaging and degradable plastic bag sectors.

Headquarter:

Qingdao, Fujian, China

Where to find them:

Industry:

Chemical, Manufacturing, Packaging Services, Plastics and Rubber Manufacturing

Details about the buyer:

Dawn Co., Ltd. produces polymer-based products.

Headquarter:

Shandong, Fujian, China

Where to find them:

Qingsong Pharmaceutical acquired by Yabao Pharmaceutical Group

Details about the transaction:

Acquisition amount:

$91,509,920

Announcement:

22 September 2016

Details about the company:

A pharmaceutical firm called Qingsong Pharmaceutical creates pharmaceutical formulations, raw ingredients, and intermediates.

Headquarter:

Xuhui, Shanghai, China

Where to find them:

Industry:

Biopharma, Medical, Pharmaceutical

Details about the buyer:

This business combines medication discovery, manufacture, sales, logistics, and the growing of Chinese herbal medicines.

Headquarter:

Beijing, Beijing, China

Where to find them:

Roborobo acquired by Shengtong Printing

Details about the transaction:

Acquisition amount:

$69,568,414

Announcement:

29 April 2015

Details about the company:

Beijing-based Roborobo is an online platform for robot teaching.

Headquarter:

Beijing, Beijing, China

Where to find them:

Industry:

Education, Robotics, Training

Details about the buyer:

Printing services are offered by Shengtong Printing.

Headquarter:

Beijing, Beijing, China

Where to find them:

Beide Petroleum acquired by Panzhihua Bingyang Technology

Details about the transaction:

Acquisition amount:

$2,225,787

Announcement:

1 December 2022

Details about the company:

Acid fracturing additives are made by the research and development company Beide Petroleum.

Headquarter:

Qianhai, Shandong, China

Where to find them:

Industry:

Manufacturing, Mining, Oil and Gas

Details about the buyer:

Panzhihua Bingyang Technology develops, manufactures, and sells goods for the ceramsite proppant series.

Headquarter:

Panzhihua, Sichuan, China

Where to find them:

Haoya Intelligent Technology acquired by AInnovation

Details about the transaction:

Acquisition amount:

$22,968,490

Announcement:

30 May 2022

Details about the company:

An automated intelligent material system and service supplier is Haoya Electromechanical.

Headquarter:

Shanghai, Shanghai, China

Where to find them:

Industry:

Big Data, Cloud Computing, Intelligent Systems

Details about the buyer:

AInnovation owns and runs a business that provides various businesses with artificial intelligence-based goods and services.

Headquarter:

Haidian, Beijing, China

Where to find them:

Sinocan acquired by Zall Group

Details about the transaction:

Acquisition amount:

$15,465,361

Announcement:

7 April 2016

Details about the company:

Sinocan offers specialized mobile payment and intelligent payment solutions.

Headquarter:

Baoan, Guangdong, China

Where to find them:

Industry:

Financial Services, Mobile Payments, Payments

Details about the buyer:

The People's Republic of China is the main market for the development and management of wholesale shopping malls by the investment holding firm Zall Group.

Headquarter:

Wuhan, Hubei, China

Where to find them:

Soyuan acquired by BizConf Telecom

Details about the transaction:

Acquisition amount:

$7,890,791

Announcement:

22 March 2018

Details about the company:

Services for video surveillance and intelligence training are offered by Soyuan.

Headquarter:

Beijing, Beijing, China

Where to find them:

Industry:

Education, Information Services, Video

Details about the buyer:

The company BizConf Telecom creates business software.

Headquarter:

Jingan, Shanghai, China

Where to find them:

Tianjin Hanuowei acquired by Yongtaiyun

Details about the transaction:

Acquisition amount:

$26,627,262

Announcement:

23 August 2022

Details about the company:

A logistics management service provider, Tianjin Hanuowei primarily develops a supply chain logistics management platform.

Headquarter:

Tianjin, Guangdong, China

Where to find them:

Industry:

Freight Service, Logistics, Transportation

Details about the buyer:

Yongtaiyun is a platform that offers solutions for every part of the logistics supply chain for hazardous chemicals.

Headquarter:

Ningbo, Zhejiang, China

Where to find them:

Terri Jie acquired by KWG Living

Details about the transaction:

Acquisition amount:

$25,886,414

Announcement:

11 January 2022

Details about the company:

Terri Jie offers services for managing municipal garbage and providing city sanitation.

Headquarter:

Foshan, Guangdong, China

Where to find them:

Industry:

CleanTech, Professional Services, Waste Management, Water Purification

Details about the buyer:

KWG Living is a property management firm that operates office buildings, malls, and other types of real estate.

Headquarter:

Guangzhou, Guangdong, China

Where to find them:

New Money acquired by JD.com

Details about the transaction:

Acquisition amount:

$50,000,000

Announcement:

17 June 2015

Details about the company:

A family financial information service provider is New Money.

Headquarter:

Xinzhuang, Shanghai, China

Where to find them:

Industry:

Digital Media, Family, Finance

Details about the buyer:

An online retailer of consumer electronics in China is called JD.com.

Headquarter:

Beijing, Beijing, China

Where to find them:

Yixintang Simile acquired by Yixintang Pharmaceutical Group

Details about the transaction:

Acquisition amount:

$27,160,604

Announcement:

17 May 2022

Details about the company:

A comprehensive pharmaceutical retail chain with both online and offline components is Yixintang Simile.

Headquarter:

Datong, Shanxi, China

Where to find them:

Industry:

Health Care, Medical, Pharmaceutical

Details about the buyer:

Pharmacies are run by Yixintang Pharmaceutical Group.

Headquarter:

Kunming, Yunnan, China

Where to find them:

ZIN FU DENTAL acquired by Tencent Trusted Doctors

Details about the transaction:

Acquisition amount:

$7,132,261

Announcement:

19 December 2019

Details about the company:

A chain of dental clinics under the name ZIN FU DENTAL.

Headquarter:

Shenzhen, Guangdong, China

Where to find them:

Industry:

Dental, Health Care, Medical

Details about the buyer:

Tencent Doctorwork and Trusted Doctors merged to establish Tencent Trusted Doctors, a company.

Headquarter:

Beijing, Beijing, China

Where to find them:

SEAT acquired by Hangzhou Oxygen Plant Group

Details about the transaction:

Acquisition amount:

$31,719,149

Announcement:

8 December 2022

Details about the company:

SEAT produces gases for electronic materials of the highest quality.

Headquarter:

Quzhou, Zhejiang, China

Where to find them:

Industry:

Chemical, Electronics, Manufacturing, Oil and Gas

Details about the buyer:

Product manufacturers of industrial gas machinery include Hangzhou Oxygen Plant Group.

Headquarter:

Hangzhou, Zhejiang, China

Where to find them:

Alta Technology acquired by Dian Diagnostics

Details about the transaction:

Acquisition amount:

$29,731,981

Announcement:

26 December 2022

Details about the company:

Alta Technology is a company that does biological analysis and testing.

Headquarter:

Tianjin, Guangdong, China

Where to find them:

Industry:

Biotechnology, Medical, Pharmaceutical

Details about the buyer:

Located in China, Dian Diagnostics specializes in providing medical diagnosis outsourcing services.

Headquarter:

Hangzhou, Zhejiang, China

Where to find them:

Kingcheer acquired by KDG

Details about the transaction:

Acquisition amount:

$96,423,126

Announcement:

7 May 2018

Details about the company:

Mobile games and internet amusement games are created by Kingcheer.

Headquarter:

Shenzhen, Guangdong, China

Where to find them:

Industry:

Media and Entertainment, Online Games, PC Games

Details about the buyer:

KDG is a division of the digital marketing group.

Headquarter:

Beijing, Beijing, China

Where to find them:

Shengbang Electronics acquired by Sinotec

Details about the transaction:

Acquisition amount:

$35,410,965

Announcement:

16 November 2022

Details about the company:

Supplier of electronic parts for automobiles is Shengbang Electronics.

Headquarter:

Wuxi, Anhui, China

Where to find them:

Industry:

Automotive, Electronics, Manufacturing, Supply Chain Management

Details about the buyer:

Shanghai Sinotec produces components for automobiles.

Headquarter:

Qingpu, Shanghai, China

Where to find them:

Yitong Jiayue acquired by Waluer

Details about the transaction:

Acquisition amount:

$22,193,533

Announcement:

3 January 2023

Details about the company:

An OTT smart TV advertising and marketing firm is Yitong Jiayue.

Headquarter:

Beijing, Beijing, China

Where to find them:

Industry:

Advertising, Media and Entertainment, TV

Details about the buyer:

For mobile entertainment and information goods, Waluer offers integrated marketing solutions.

Headquarter:

Beijing, Beijing, China

Where to find them:

Acotec Scientific acquired by Boston Scientific

Details about the transaction:

Acquisition amount:

$74,992,831

Announcement:

12 December 2022

Details about the company:

Acotec Scientific manufactures medical devices for intervention. The majority of vascular interventional treatments employ Acotec products.

Headquarter:

Beijing, Beijing, China

Where to find them:

Industry:

Manufacturing, Medical Device

Details about the buyer:

Boston Scientific is a pioneer in developing healthcare products that enhance patient wellbeing.

Headquarter:

Marlborough, Massachusetts, United States

Where to find them: