Yimutian Inc. to Acquire Ningbo Xunxi Technology for RMB 50 Million, Entering the Enterprise Digital Commerce Market
Yimutian Inc. - American Depositary Shares; each representing 25 Class A ordinary shares (YMT)
Company Research
Source: GlobeNewswire
BEIJING, March 23, 2026 (GLOBE NEWSWIRE) -- Yimutian Inc. (the "Company") today announced that it has reached a binding acquisition agreement with Ningbo Xunxi Technology Co., Ltd. ("Xunxi"), a Zhejiang-based enterprise e-commerce and digital procurement platform, to acquire 100% of the equity interests in Xunxi. The total consideration is RMB 50 million, comprising RMB 40 million in cash payable to Xunxi's exiting shareholders and RMB 10 million in stock options awarded to the retained management team. The closing remains subject to customary conditions. TargetNingbo Xunxi Technology Co., Ltd.Transaction100% equity acquisitionTotal ConsiderationRMB 50,000,000StructureRMB 40M cash to exiting shareholders; RMB 10M in stock options to retained management2025 RevenueRMB ~340,000,000 (audited)2025 Net ProfitRMB ~5,800,000 (audited)Due Diligence
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News
- Yimutian Inc. Provides 2026 Strategic Update: Financing on Track, Management to Purchase No Less Than US$3 Million in Company Shares, Full-Year Revenue Expected to Reach RMB 1 Billion [Yahoo! Finance]Yahoo! Finance
- Yimutian Inc. Provides 2026 Strategic Update: Financing on Track, Management to Purchase No Less Than US$3 Million in Company Shares, Full-Year Revenue Expected to Reach RMB 1 BillionGlobeNewswire
- Yimutian Inc. to Acquire Ningbo Xunxi Technology for RMB 50 Million, Entering the Enterprise Digital Commerce Market [Yahoo! Finance]Yahoo! Finance
- Yimutian (NASDAQ:YMT) is now covered by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>. They set a "sell (e)" rating on the stock.MarketBeat
- Yimutian Announces Preliminary Acquisition Agreement with Premium Camellia Oil Producer Jiufeng AgricultureGlobeNewswire
YMT
Sec Filings
- 3/24/26 - Form 424B3
- 3/24/26 - Form 6-K
- 3/9/26 - Form 424B3
- YMT's page on the SEC website